annual statistical report of egyptian insurance market 2010_2011

Annual Report

2010 / 2011

Insurance Market

Index

1 Egyptian Insurance Market Structure

2 Main Figures

3 Insurance Activities

4 Re-Insurance Activities

5 Investments

6 Financial Statements

7 Private Funds

8 Market Directory

Egyptian insurance market structureThe Egyptian insurance market composed of:

- The Egyptian Financial Supervisory Authority (EFSA).

- The Entities that conduct insurance and reinsurance activities:-Misr Insurance Company1Public Sector Companies conducting

property & liability insurance

Misr Life Insurance Co.1Public Sector Companies conductingproperty & liability insurance

Suez Canal Insurance Company1Mohandes Insurance Company2Delta Insurance Company3

Private Sector Companies conductingall classes of insurance

Chartis Egypt Insurance Company1Arab Misr Insurance Group (AMIG)2Allianze Insurance Company - Egypt3ACE Insurance Company - Egypt4Royal Insurance Company5Egyptian Saudi Insurance Home6BUPA Egypt Insurance Company7Egyptian for Takaful Insurance Company( Non-Life )

8

Wethak for Takaful Insurance Company( Non-Life )

9

ISKAN Insurance Company10Arope Insurance Company ( Non-Life )11Nile General Takaful12Al Mashrek Alaraby Insurance Takaful13

Private Sector Companies conductingproperty & liability insurance

Pharaonic American Life InsuranceCompany (ALICO)

1

Commercial International Life InsuranceCompany (CIL)

2

Allianz Life Assurance Company - Egypt3ACE life Insurance Company- Egypt4NSGB Life Insurance Company5Egyptian for Takaful Insurance Company(Life)

6

Arope Insurance Company (Life)7Solidarity Family Takaful8Nile Family Takaful9

Private Sector Companies conductinglife insurance

Export Credit Guarantee Company ofEgypt (ECGE)

1Export Credit Guarantee Company

Co-operative Insurance Society, Egypt1Co-operative Insurance Societies

Page 2 of 48

- 635 Private Insurance Funds.- Government Insurance Funds.- The Egyptian Insurance Federation.- Insurance Pools.- Cargo Supervision & Surveying Office of Egypt.

Page 3 of 48

Main Figures : 2009/2010 2010/2011

Direct Premiums:

_ Life :

Insurance Companies 3607811 3999723

Private Funds 3282259 3847403

_ Property & Liability :


Government Insurance Fund 20885 23742

Policyholders' Rights:

_ Life :

Insurance Companies :

_ Mathematical Reserve 16099539 18062039

_ Outstanding Claims Reserve 251193 308864

Private Funds 27013214 30349237

_ Property & Liability :

Insurance Companies :

_Unearned Premiums Reserve 1678971 2003044

_ Outstanding Claims Reserve 5453057 5843386

_ Loss Ratio Fluctuation Reserve 1556495 1668641

Government Insurance Fund :

_ Reserve Fund 280835 325070

Shareholders' Rights:


Investments :


Private Funds 26525211 29625473

Government Insurance Fund 234913 287424

L.E. 000

Page 4 of 48

Insurance Activities

L.E.000

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Number of Individual 837 860 919 999 1027 176 157 158 180 159

policies (in thousands)

Sums Assured :

Individual 29784982 29100085 38653478 46793561 48770697 10139158 9744821 11106490 13598856 11131402

Group 64268411 84299646 109523934 99855974 140567658 27740740 44594760 49741142 45969718 62443244

Total 94053393 113399731 148177412 146649535 189338355 37879898 54339581 60847632 59568574 73574646

Premiums :

Individual 2228887 2620438 2894650 3059734 2993780 860063 802158 652794 704444 566193

Group 717037 893067 985160 1248400 1306861 260749 349585 332883 416545 494683

Total 2945924 3513505 3879810 4308134 4300641 1120812 1151743 985677 1120989 1060876

In Force New Business

Life Assurance

Table ( 1 )

Page 6 of 48

29785

64268

29100

84300

38653

109524

46794

99856

48771

140568

0

20000

40000

60000

80000

100000

120000

140000

In Millions of L.E.

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Life Assurance Sums Assured ( In Force )

Individual Group

2229

717

2620

893

2895

985

3060

1248

2994

1307

0

500

1000

1500

2000

2500

3000

3500

In Millions of L.E.

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Life Assurance Premiums ( In Force )

Individual Group

Page 7 of 48

L.E.000

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Fire 422160 445126 504646 634165 764838 113737 179480 109841 165689 172785

Marine Cargo 218098 285685 282640 251681 269380 113545 166518 156739 149913 125577

Inland Transport 38850 41083 47653 53091 61335 29154 32658 37550 43483 48379

Marine Hull 103366 114603 138352 141879 158312 21806 36059 39241 39843 30318

Aviation 199358 169239 168711 193024 199778 49756 57875 110550 83165 106708

Motor Comprehensive 645332 878589 1103527 1317118 1442394 543467 705829 1001772 1276270 1416803

Motor Act 156391 377654 461755 480266 608691 153679 368145 436677 469822 552920

Engineering 422809 491846 554063 656850 546486 49039 101981 70575 117738 95581

Oil 448675 530953 595818 609654 618410 56424 48728 134045 193710 194146

Accident 377436 440066 473605 421529 479451 238132 286794 314950 301423 313048

Health 241327 395106 419469 414568 506349 109189 189829 232756 263927 325427

Total 3273802 4169950 4750239 5173825 5655424 1477928 2173896 2644696 3104983 3381692

Table ( 2 )

Direct & Net PremiumsBy Class of Business

ClassDirect Premiums Net Premiums

Page 8 of 48

3274

1478

4170

2174

4750

2645

5174

3105

5655

3382

0

1000

2000

3000

4000

5000

6000

In Millions of L.E.

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Direct & Net Premiums

Direct Net

Page 9 of 48

Percentage Distribution of Premiums by Classes2009 / 2010

Direct

1.1%

3.5%25.5%

9.0%

13.5%

4.8%

2.8%

10.8%

9.7%

10.9% 8.5%

Net

41.9%

9.6%

5.1%

3.7%1.4%

0.9%3.2%

16.4%

2.8% 5.8% 9.3%

Fire Marine Cargo Inland Transport Marine Hull

Aviation Accident Health Engineering

Oil Motor Act Motor Comprehensive

Page 10 of 48

L.E.000

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Fire 134947 266861 318307 296108 328653 32342 101983 101722 112972 36528

Marine Cargo 33843 48504 54119 26557 37620 12187 49676 -7983 19791 23687


Marine Hull 66650 64050 83795 67858 94916 10724 22,928 22991 15597 19354

Aviation 39607 39124 -41765 46099 9547 12876 21857 77650 48753 55104


Motor Act 518400 551086 1038688 1198826 1164734 381744 550111 1004602 1179682 1130612

Engineering 276081 139276 107999 130299 212086 18283 41399 34089 33954 33645

Oil 552178 416519 166418 266458 17541 33389 -87970 18193 21781 30760

Accident 53543 82445 71762 82101 91447 53421 76514 58758 79566 88881

Health 169445 261881 288228 266521 323157 87820 130423 152893 170857 194403

Total 2253946 2484819 2858631 3104798 3083800 982025 1379363 2068271 2388378 2387374

Table ( 3 )

Direct & Net ClaimsBy Class of Business

ClassDirect Claims Paid Net Claims Paid

Page 11 of 48

2254

982

2485

1379

2859

2068

3105

2388

3084

2387

0

500

1000

1500

2000

2500

3000

3500

In Millions of L.E.

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Direct & Net Claims

Direct Net

Page 12 of 48

2010/2011Percentage Distribution of Claims Paid by Classes

Direct

6.9%

10.7%1.2%0.3%

3.1%0.3%

25.7%

37.7%

0.6%3.0%

10.5%

Net

1.5%1.0%

0.2%0.8%

2.3%

32.3%

47.4%

1.4%1.3%3.7%8.1%

Fire Marine Cargo Inland Transport Marine Hull

Aviation Accident Health Engineering

Oil Motor Act Motor Comprehensive

Page 13 of 48

%2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Fire 87.8 52.8 94.2 96.1 137.4 68.2 22.4 34.3 48.3 67.0

Marine Cargo 28.2 11.1 13.7 (10.9) 33.7 (2.2) 57.4 22.7 (23.0) 53.1

Inland Transport 16.4 24.7 18.5 6.2 39.2 6.7 15.9 12.6 11.2 38.1

Marine Hull 49.0 35.6 88.1 56.9 46.1 28.0 53.5 49.5 66.0 61.1

Aviation 11.3 (113.7) (133.8) 44.3 (10.3) 9.2 (15.2) 41.4 56.6 59.1

Motor Comprehensive 79.2 77.9 93.9 72.4 62.1 77.8 69.6 62.2 72.3 61.5

Motor Act 841.1 316.0 195.5 301.6 232.2 751.9 339.0 405.3 322.3 233.2

Engineering 20.2 6.4 50.5 20.3 37.2 52.8 29.1 31.4 35.8 39.3

Oil 142.8 18.5 32.9 (14.0) 10.2 57.2 (161.0) (2.4) 22.8 25.6

Accident 36.5 (4.0) 22.0 33.4 40.9 30.2 21.0 13.5 34.4 54.8

Health 99.5 79.6 88.2 59.1 61.0 113.2 85.2 78.0 67.4 58.5

Total 105.7 50.1 68.0 68.8 72.9 128.3 80.0 92.3 94.6 82.4

Table ( 4 )

Loss RatiosBy Class of Business

ClassDirect Business Net Retained

Page 14 of 48

105.7

128.3

50.1

80.0

68.0

92.3

68.8

94.6

72.9

82.4

0

20

40

60

80

100

120

140

%

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Loss Ratios2010/2011

Direct Net

Page 15 of 48

L.E.000

Class 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Fire 142570 248802 114089 115259 85712

Marine Cargo 160043 129204 233895 196370 70412

Inland Transport 26631 27125 26158 27536 25116

Marine Hull 37498 48400 24255 24307 28601

Aviation 111917 133976 41464 58973 52521

Motor Comprehensive (5008) (41780) (134234) (98408) 39082

Motor Act (601718) (447592) (163453) (629483) (281398)

Engineering 84312 144806 98747 97470 85814

Oil 192887 169275 130321 126572 129331

Accident 233398 178517 227385 196265 167092

Health (21342) 5061 4022 33692 72491

Total 361188 595794 602649 148553 474774

Table ( 5 )

Property & Liability ResultsBy Class of Business

Page 16 of 48

Re-Insurance Activities

L.E.000

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Fire 306648 339126 423930 523876 625639 75711 75399 26863 82570 58705

Marine Cargo 104487 149481 145990 136843 167636 34225 33674 18948 39543 27889


Marine Hull 78541 91843 117508 122823 139716 15905 17025 20061 22771 12614

Aviation 200077 150677 165443 182640 170999 53263 37213 107002 72494 77930


Motor Act 2622 9613 23270 7714 55767 0 0 0 0 0

Engineering 354562 413798 468591 547785 454575 46834 43786 24801 53938 32297

Oil 390375 451881 513932 507733 568148 15193 -23421 50465 90594 144484

Accident 130974 158033 177774 144109 199711 16314 17526 10459 37695 38987

Health 123720 180033 137497 124955 159073 6053 4414 2517 2454 -212

Total 1765777 2129427 2285561 2338962 2581241 268162 214813 266109 405778 395840

Table ( 6 )

Reinsurance Premiums

Outward InwardClass

By Class of Business

Page 18 of 48

1766

268

2129

215

2286

266

2339

406

2581

396

0

500

1000

1500

2000

2500

3000In Millions of L.E.

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Reinsurance Premiums

Outward Inward

Page 19 of 48

%Class 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Fire 24.9 33.0 19.8 22.6 20.7

Marine Cargo 50.2 51.6 51.3 51.3 42.1

Inland Transport 74.4 78.8 78.6 81.5 78.7

Marine Hull 19.1 26.4 24.1 23.9 17.6

Aviation 19.8 28.0 40.1 31.3 38.4

Motor Comprehensive 84.2 78.6 90.4 96.6 98.0

Motor Act 98.3 97.5 94.6 97.8 90.8

Engineering 10.7 18.2 11.7 15.8 15.7

Oil 12.3 9.6 20.7 27.6 25.4

Accident 60.4 61.2 60.8 63.1 56.6

Health 45.2 47.2 55.1 63.3 64.3

Total 42.9 48.7 51.8 54.9 55.2

Table ( 7 )

Retained RatiosBy Class of Business

Page 20 of 48

L.E.000

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Fire 96641 240001 238715 248928 340006 49641 49327 39060 69800 42493

Marine Cargo 21990 41039 43956 22271 34145 16937 13510 12940 15118 21116


Marine Hull 53344 50110 70211 62274 81726 10819 11638 10491 11468 10066

Aviation 32284 35491 -36020 54934 18237 5885 17452 83174 57797 55104


Motor Act 8703 15930 29019 27510 34458 0 0 0 0 0

Engineering 247721 110291 85034 107687 191816 7544 15043 12712 14796 13667

Oil 512739 391794 158474 256581 60564 13541 -108762 9439 10202 76019

Accident 7215 15562 14613 20088 24551 23229 9675 3313 12519 14013

Health 75853 129370 116880 77833 113985 4161 3675 2312 3023 0

Total 1100453 1172657 891889 902689 931001 133661 16234 178030 197108 235411

Table ( 8 )

Reinsurance Claims PaidBy Class of Business

Outward InwardClass

Page 21 of 48

1100

134

1173

16

892

178

903

197

931

235

0

200

400

600

800

1000

1200

In Millions of L.E.

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Reinsurance Claims Paid

Outward Inward

Page 22 of 48

%2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Fire 86.9 70.5 87.3 113.5 140.0 37.7 91.6 25.1 49.9 0.0

Marine Cargo 49.4 14.0 32.0 10.7 26.1 34.4 58.2 30.3 34.8 61.4

Inland Transport 61.4 53.9 30.1 - 42.0 0.0 0.0 0.0 0.0 0.0

Marine Hull 61.8 30.8 80.8 52.3 40.8 74.9 73.5 45.6 33.1 42.9

Aviation 0.3 - 0.0 61.4 0.0 - 22.3 107.3 90.9 80.2

Motor Comprehensive 100.0 120.7 181.0 66.0 92.3 - 271.5 40.7 0.0 0.0

Motor Act 480.7 742.3 106.7 0.0 229.4 0.0 0.0 0.0 0.0 0.0

Engineering 19.9 3.1 56.9 15.8 38.0 15.0 60.2 0.0 31.9 44.8

Oil 141.4 30.7 42.1 0.0 19.3 - 1037.2 0.0 21.4 75.4

Accident 45.7 - 11.1 43.5 20.9 121.6 100.2 0.0 59.4 21.7

Health 83.0 79.8 111.7 38.4 62.8 109.9 107.9 59.5 77.6 0.0

Total 71.0 31.0 53.1 36.2 58.5 0.0 13.5 38.3 46.9 46.1

Class Outward Inward

Table ( 9 )

Reinsurance Loss RatiosBy Class of Business

Page 23 of 48

Investments

L.E.000

Channels 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011Fixed Deposits 8044388 9229533 9876759 11107555 11869847

Governmental Bonds 6278411 4110701 4910286 5466209 7331479

Securities & Shares 6066786 15355590 13789412 14721729 15649285

Loans 244483 264352 295253 374552 453818

Real Estate 623542 33859 38903 41072 43353

Total 21257610 28994035 28910613 31711117 35347782

Table ( 10 )

Insurance Companies Investments

33.6%

20.7%44.3%

1.3%

0.1%

Fixed Deposits Governmental Bonds Securities & Shares Loans Real Estate

Page 25 of 48

2010/2011Channels of Insurance Companies Investments

33.6%

20.7%

44.3%

1.3%

0.1%

Fixed Deposits Governmental Bonds Securities & Shares Loans Real Estate

Page 26 of 48

L.E.000

Company 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011Misr 9295975 20352979 19176523 20780916 11992248Al Chark 3548250 0 0 0 0Misr Life Ins. 1550466 2466723 2543720 2046281 12649442Egypt Re. 2259571 0 0 0 0Suez Canal 428109 440519 504272 574974 707969Mohandes 626322 712845 758010 809487 846729Delta 517620 532086 576689 656882 658879Chartis Egypt 180498 181642 217526 209348 468530Arab Misr Ins. Group 146748 169367 187673 227478 275111Pharaonic American Life (ALICO) 441472 772383 939782 1233790 1540541

Export Credit Guarantee 167183 188127 399903 410423 422153Co-operative insurance socity, Egypt 75333 81808 47922 0 67299Commercial International Life (CIL) 1105318 1662247 1483129 1544454 1526506ACE 67302 63247 59782 88734 92616Royal 58686 70859 103669 150690 206735Allianz 150496 190607 230072 314306 352389Allianz Life 437612 715875 1028962 1459713 2028590Egyptian Saudi Insurance Home 52574 58949 71471 132439 183956NSGB Life 76499 134912 203029 282268 401853ACE Life 33084 29759 58565 97612 0Bupa Egypt 38492 66061 81815 113624 208906Egyptian for Takaful Ins. Co. ( Non-Life ) 0 50020 59393 111585 156846

Egyptian for Takaful Ins. Co. ( Life ) 0 50020 47038 56666 66528

Wethak for Takaful Ins. Co. ( Non-Life ) 0 0 31206 129964 151917

Arope Ins. Co. ( Non-Life ) 0 0 50231 52917 46784

Arope Ins. Co. ( Life ) 0 0 50231 46398 57075

Iskan 0 0 0 70591 84247

Al Mashrek Alaraby Insurance Takaful 0 0 0 47014 81542

Solidarity Family Takaful 0 0 0 14645 17155

Nile General Takaful 0 0 0 27447 43497Nile Family Takaful 0 0 0 20471 11739

Total 21257610 28991035 28910613 31711117 35347782

Table ( 11 ) Investments by Companies

Page 27 of 48

Financial statements

L.E.000

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Assets :Investments 21257610 28994035 28910613 31711117 35347783

Cash at Banks 624069 727842 426130 478104 504859

Debtors & Sundry Debtors 2975495 3357135 3385936 3252679 3817145

Other Assets 83594 305694 326570 399017 412811

Total 24940768 33384706 33049249 35840917 40082598

Liabilities :Shareholders Rights 4575223 8535306 6404513 6519562 6831318

Policyholders Rights :

_ Life 9683865 12665850 14196312 16350734 18370903

_ Non Life 6807080 8035047 8223646 8690974 9522934

Commercial Reserves 546519 603916 541423 447459 414786

Creditors 3328081 3544587 3683355 3832188 4942657

Total 24940768 33384706 33049249 35840917 40082598

Table ( 12 )

Insurance & Reinsurance CompaniesConsolidated Balance Sheet

Page 29 of 48

L.E.000

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Revenue :Net Premiums 2339632 3188386 2951116 3476752 3831586

Mathematical Reserve b/f 8126034 9494791 12590535 14099483 16084638

Mathematical Reserve c/f 9555169 12524177 14016998 16048018 18062039

Reinsurance Commissions 33733 34467 36113 30472 32800

Investment & Other Income 1005393 2128510 1277288 1582049 1552896

Total 1949623 2321977 2838054 3140738 3439881

Expenditure :Net Claims 1358345 1692833 1989676 2080313 2415054

Outstanding Claim Reserve c/f 128695 141673 179314 251193 308864

Outstanding Claim Reserve b/f 154338 125802 141771 190885 244571

Commission & Acquisition Costs 291886 330372 388201 521409 512162

Expenses 208680 236658 267218 336065 396649

Other Reserves 13336 8308 4449 4492 13326

Surplus (Deficit) 103019 37935 150967 138151 38397

Total 1949623 2321977 2838054 3140738 3439881

Table ( 13 )

Revenue & Expenditure AccountLife Business

Page 30 of 48

L.E.000

2006/2007 2007/2008 2008/2009 2009/2010 2009/2010

Revenue :Net Premiums 1747569 2173897 2644694 3104983 3381693

Unearned Premiums Reserve b/f 993508 1085829 1372620 1457725 1839217

Unearned Premiums Reserve c/f 1090466 1362161 1526102 1678971 2003044

Reinsurance Commissions 438797 498637 527975 543888 585173

Investment Income 1164441 1727674 808872 946684 1059863

Other Income 38766 71879 115891 63185 76729

Total 3292615 4195755 3943950 4437494 4939631

Expenditure :Net Claims 1264484 1379362 2068270 2388379 2387372

Outstanding Claims Reserve c/f 4253201 5153206 5198073 5453057 5843386

Outstanding Claims Reserve b/f 3600530 4212190 5185513 5112620 5578085

Loss Ratio Fluctuations Reserve c/f 1441326 1519680 1499470 1556495 1668641

Loss Ratio Fluctuations Reserve b/f 1432096 1451990 1520157 1495799 1560950

Commission & Acquisition Costs 678124 743313 792836 971817 1010166

Expenses 334608 421807 452385 512096 660872

Commercial Reserves -7692 46773 35937 15617 33456

Other Expenditure 0 0 0 0 0

Surplus (Deficit) 361190 595794 602649 148452 474773

Total 3292615 4195755 3943950 4437494 4939631

Table (14)

Revenue & Expenditure AccountProperty & Liability Business

Page 31 of 48

L.E.000

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011Misr 900000 1900000 1900000 1900000 1650000 220800 4054142 1597646 1337351 1161164Al Chark 500000 0 0 0 0 113790 - - - 0National 350000 350000 350000 750000 1000000 34286 43359 20675 29835 124729Egypt Re. 500000 0 0 0 0 94131 - - - 0Suez Canal 60000 75000 85000 85000 85000 17586 19709 21657 24780 28494Mohandes 50000 75000 75000 75000 75000 63077 93298 72136 77586 76290Delta 60000 60000 75000 90000 90000 66580 69633 63366 47717 48044Chartis Egypt 46000 46000 46000 60000 60000 8202 9281 9523 9821 10155Arab Misr Ins. Group (AMIG) 60000 60000 65000 75000 90000 760 808 1173 1757 2930Pharaonic American Life (ALICO) 40000 47000 60000 60000 60000 5217 6795 8679 10971 13318Export Credit Guarantee (ECGE) 50000 50000 250000 250000 250000 8991 10038 10245 12563 18194Co-operative insurance socity, Egypt 13948 27248 29767 0 30184 2683 9249 (70054) - 7382Commercial International Life (CIL) 80000 80000 80000 80000 80000 - - - - 0ACE 37500 37500 37500 37500 60028 6165 6417 6417 29171 7057Royal 40000 40000 40000 40000 40000 186 186 743 1815 4366Allianz 30000 30000 30000 60000 60000 4846 5319 5319 5773 5068Allianz Life 75000 75000 75000 75000 100000 - - 85 655 (2688)Egyptian Saudi Insurance Home 30000 30000 30000 60000 60000 191 288 428 554 930NSGB LIFE 30000 30000 30000 60000 60000 - 1489 - 1733 3228ACE Life 60000 69000 93700 126700 0 - - - - 0Bupa Egypt 30000 30000 30000 60000 60000 268 268 604 1316 2892EGYPTIAN FOR TAKAFUL INSURANCE (NON-LIFE) 0 50000 50000 57525 58350 - - - - 307EGYPTIAN FOR TAKAFUL INSURANCE (LIFE) 0 50000 50000 57525 63200 - - - - 168Wethak for Takaful Ins. Co. ( Non-Life ) 0 0 30000 30000 40000 - - - 74 259Arope Ins. Co. ( Non-Life ) 0 0 50000 50000 50000 - - - 2260 3376Arope Ins. Co. ( Life ) 0 0 50000 50000 50000 - - - 1896 2319Iskan 0 0 0 75000 75000 - - - - 0Al Mashrek Alaraby Insurance Takaful 0 0 0 50000 50000 - - - - 0Solidarity Family Takaful 0 0 0 30000 40000 - - - (668) (1389)Nile General Takaful 0 0 0 30000 30000 - - - - 0Nile Family Takaful 0 0 0 30000 30000 - - - - 0

Total 3042448 3211748 3611967 4404250 4396762 647759 4330279 1748642 1596960 1516593

Companies Capital ReservesPaid up Capital

Table ( 15 )Shareholders Rights

Page 32 of 48

3042

648

3212

4330

3612

1749

4404

1597

4397

1517

0

1000

2000

3000

4000

5000

6000

7000

8000

In Millions of L.E.

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Shareholders Rights

Paidup Capital Capital Reserves

Page 33 of 48

L.E.000

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011Misr 3971307 7294672 8212338 9361533 0 3057466 6300477 6264218 7411755 7749518Al Chark 2253102 0 0 0 0 936539 0 0 0 0National 709323 1439438 1538946 1609700 12028465 797334 919787 811064 0 0Egypt Re. 45660 0 0 0 0 1365183 0 0 0 0Suez Canal 117019 135586 167001 223274 279175 121458 130205 146126 176130 201078Mohandes 329737 369271 406756 438383 465596 88616 111411 142188 141158 140204Delta 273598 272901 329288 384054 373601 82817 99785 113642 126812 143210Chartis Egypt 0 0 0 0 0 71189 91733 98793 114663 129164Arab Misr Ins. Group (AMIG) 0 0 0 0 0 70253 93239 127881 137862 158645Pharaonic American Life (ALICO) 416489 762538 956653 1199624 1500395 0 0 0 0 0Export Credit Guarantee (ECGE) 0 0 0 0 0 28101 27822 27740 28849 29388Co-operative insurance socity, Egypt 0 0 0 0 0 36829 75689 169775 0 94715Commercial International Life (CIL) 1097516 1612182 1419296 1485912 1466141 0 0 0 0 0ACE 0 0 0 0 0 4226 9093 13081 11517 12763Royal 0 0 0 0 0 15720 24981 44948 84053 130838Allianz 0 0 0 0 0 72907 93053 111963 139563 173714Allianz Life 416882 699451 988343 1382089 1943866 0 0 0 0 0Egyptian Saudi Insurance Home 0 0 0 0 0 15169 21131 32351 48925 83045NSGB LIFE 47586 93772 144311 203863 289177 0 0 0 0 0ACE Life 5647 16041 32013 54573 0 0 0 0 0 0Bupa Egypt 0 0 0 0 0 43273 36559 58656 61830 161976EGYPTIAN FOR TAKAFUL INSURANCE (NON-LIFE) 0 0 0 0 0 0 82 15347 66582 91340EGYPTIAN FOR TAKAFUL INSURANCE (LIFE) 0 0 1369 7076 16158 0 0 0 0 0Wethak for Takaful Ins. Co. ( Non-Life ) 0 0 0 0 0 0 0 45644 99846 115786Arope Ins. Co. ( Non-Life ) 0 0 0 0 0 0 0 227 4172 9657Arope Ins. Co. ( Life ) 0 0 0 82 636 0 0 0 0 0Iskan 0 0 0 0 0 0 0 0 24762 43408Al Mashrek Alaraby Insurance Takaful 0 0 0 0 0 0 0 0 7838 33444Solidarity Family Takaful 0 0 0 455 4911 0 0 0 0 0Nile General Takaful 0 0 0 0 0 0 0 0 4656 21040Nile Family Takaful 0 0 0 113 2779 0 0 0 0 0

Total 9683866 12695852 14196314 16350731 18370900 6807080 8035047 8223644 8690973 9522933

Companies

Table ( 16 )

Policyholders Rights

Life Property

Page 34 of 48

9684

6807

12696

8035

14196

8224

16351

8691

18371

9523

0

5000

10000

15000

20000

25000

30000

In millions of L.E.

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Policyholders Rights

Life Non_life

Page 35 of 48

Private Funds

Items 2006/2007 2007/2008 2008/2009 2009/2010 2009/2010

Number of funds at the beginning of the year 620 625 638 638 632Number of funds which are registered during the year 15 18 7 5 10

Total 635 643 645 643 642

Number of funds which are canceled during the year 10 5 7 11 7

Number of funds at the end of the year 625 638 638 632 635

Table ( 17 )Number of Funds

Page 37 of 48

L.E.000

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Assets :

Investments 18161006 20973985 24168868 26525211 29625473

Fixed Assets 116347 323177 151982 80029 152801

Debtors & Sundry Debtors 1666135 1758342 1711026 2091909 1948764

Cash in Banks 512207 872942 672508 1091430 1222066

Total 20455695 23928446 26704384 29788579 32949104

Liabilities :

Reserves of Insurance Funds 18832212 21744470 24214803 27013214 30349237

Creditors & Sundry Creditors 1623483 2183976 2489581 2775365 2599867

Total 20455695 23928446 26704384 29788579 32949104

Table ( 18 )

Private Insurance FundsConsolidated Balance Sheet

Page 38 of 48

18832

2174424215

27013

30349

0

5000

10000

15000

20000

25000

30000

35000

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

In Millions of L.E.

Reserves Of Private Insurance Funds

Page 39 of 48

L.E.000

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Income :

Contributions 2186321 2495528 2866385 3282259 3847403

Investment Income 1807223 2175174 2335581 2593191 2792775

Other Income 789322 973311 704446 756313 727461

Total 4411389 4782866 5644013 5906412 7367639

Expenditure

Claims 2665164 2657421 3185112 3302288 3573417

General Expenses 191262 173239 150637 531064 458199

Surplus 1554963 1952206 2308264 2073060 3336023

Total 4411389 4782866 5644013 5906412 7367639

Table ( 19 )

Private Insurance FundsConsolidated Income & Expenditure Account

Page 40 of 48

2186

26652496

2657

2866

3185 32823302

3847

3573

0

500

1000

1500

2000

2500

3000

3500

4000

In Millions of L.E.

2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Private Insurance Funds

Contributions Claims

Page 41 of 48

L.E.000

Channels2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Fixed Deposits 4490564 4987007 5138428 5345214 5448744

Government Bonds 12533022 14576308 16953807 19413321 21924609

Securities & Shares 450116 747580 772100 1115155 1248312

Loans to Members 202475 262747 295011 328101 333640

Real Estate 206224 85277 247064 243609 439840

Other Investments 278605 315066 762458 79811 230328

Total 18161006 20973985 24168868 26525211 29625473

Table ( 20 )

Private Funds Investments

Page 42 of 48

Channels of Private Funds Investments 2011

18.4%

74.0%

4.2%1.1%1.5%0.8%

Fixed Deposits Government Bonds Securities & Shares

Loans to Members Real Estate Other Investments

Page 43 of 48

L.E.000

Type of Claim2006/2007 2007/2008 2008/2009 2009/2010 2010/2011

Retirement 1822836 1727356 2005164 2045858 2467063Death 416955 535426 554136 475682 512768Termination of service as a result of disability 58469 94133 150769 57963 100590Periodical pension 148308 85346 13305 97481 161993Early retirement 105673 98519 194293 102110 87166Surrender value 64736 65969 198861 391095 179950Social assistances 48187 50672 68584 132099 63887

Total 2665164 2657421 3185112 3302288 3573417

Table ( 21 )

Private Funds Claims

Page 44 of 48

Market Directory

Ser. Company Name Chairman Headquarters Address Tele. Web site

1 The Egyptian Financial Supervisory Authority Dr. Ashraf Mahmoud El Sharkawy Building 5A 84B, kilo 28, Egypt/Alex Desert Road + 202 35370040 www.efsa.gov.eg

2 Misr Insurance Co. Mr. Adel Fatouh Habeeb Hamad 44 A Dokki St., Giza. (202) 33355350 www.misrins.com

3 Misr Life Insurance Co. Mr. Sadek Hassan Sadek 15 Kasr El-Nil St., Cairo, Egypt (202) 25769808 www.misrlife.com

4 Suez Canal Ins. Co. Mr. Mohamed Adel Fathy 31 Mohamed Kamel MorsySt., El Mohandeseen, Giza, Egypt.

(202) 37601051 (202) 37601056 www.sci-egypt.com

5 Mohandes Ins. Co. Mr. Elsayed Mohamed Ahmed Baraka 3 Mesaha sq., Dokki, Giza, Egypt.

(202) 33352163 (202) 33352547 www.mohandes-ins.com

6 Delta Insurance Co. Mr. El-Said El-Said El-Gohary 14 Hasan Mohamad El-Razaz St., ( ex.Nawal St.) Giza, Egypt. (202) 33352045 www.deltains.org

7 Chartis Egypt Ins. Co. Mr. Micheal Ghone Wetwil Nile City Towers, North Tower, 26th Floor, 2005C Corniche El Nil,Ramlet Beaulac, (202) 24617193 www.chartisinsurance.com

8 Arab Misr Insurance Group (AMIG) Mr. Raafat Atia Elsalamouny 13 Ma'ahad Ishteraky St., Merryland, Heliopolis, Cairo, Egypt.

(202) 24517620(202) 24517622 www.amig.com.eg

9 Pharaonic American LifeInsurance Company (Alico) Mr. Micheal Abass KhalafNile City Towers, North Tower, 28th Floor, 2005C Corniche El Nil,Ramlet Beaulac, (202) 24619020 www.alicomeasa.com

10 Export Credit GuaranteeCompany of Egypt (ECGE) Mrs. Ola Abdel-Aziz Gadallah 5 Nasr road - Nasr city , Cairo(202) 22636740 (202) 22636745

11 Co-operative Insurance Society for SmallEnterprises Mr. Abd El Mounem Bekheet 115 Abbaseya St., Cairo(202) 24883986 (202) 24883987 www.cis-se.com

12 Commercial InternationalLife Insurance Company (CIL) Mrs. Hanan El-Borollossy 214, Sector 2, P.O. Box 35 Swiss Project, Fifth Settlement, New Cairo (202) 24185360 www.cileg.com

13 ACE Insurance Company (Non Life) ( Egyptian joint stock company) Mr. Yaser Hesham El Malawani

3 Abul Feda St., Zamalek, Cairo, Egypt. (202) 27360006 www.ace-mena.com

14 Royal Insurance Company Mr. Khaled Ebn Omar Albltan 22 Al-Thawra St., Dokki, Giza, Egypt. (202) 33312999 www.royalsun-me.com

15 Allianz Insurance Company Egypt (Allianz Egypt ) Mr. Rimon Samaan Sham 92 Tahrir St. Saridar Tower, Dokki, Giza, Egypt. (202) 37605445 www.allianz.com.eg

Egyptian Insurance Directory

Page 46 of 48



16 Allianz Life Assurance Co. Egypt (Allianz Egypt ) Mr. Audo Krogar92 Tahrir St. Saridar Tower, Dokki, Giza, Egypt. (202) 37605445 www.allianz.com.eg

17 Egyptian Saudi Ins. Home Dr. Saleh Gamil Malaeka 15 Mesadak St., Dokki, Giza, Egypt. (202)33377997 www.esih.com.eg

18 ACE Life Insurance - Egypt Mr. Yaser Hesham El Malawani 3 Abul Feda St., Zamalek, Cairo, Egypt. (202) 27396702 www.acelifemea.com

19 NSGB Life Ins. Co. Mr. Pascal Bea Chareton 5 Chamblion St. ,Cairo (202) 27708100 www.nsgblife.com

20 BUPA International Ins. Co. Mr. Alestro Haw 48 Al-Thawra St., Dokki, Giza, Egypt. (202) 37628685 www.bupa-intl.com

21 Egyptian for Takaful Ins. Co. ( Non-Life ) Dr. Hassan Abass Zaky 40 Sorya St. , Mohandessin , Giza , Egypt (202) 37626641 -(202)37636642

22 Egyptian for Takaful Ins. Co. ( Life ) Dr. Khaled Soud Al Hassan 32 El Nozha St. , Helopolis , Cairo , Egypt (202) 24137800

23 Wethak for Takaful Ins. Co. ( Non-Life ) Mr. Anter El Sayed Moustafa 78 Mohey Eldeen Abo Elezz St. , Mohandessin , Giza , Egypt (202) 37623266

24 ISKAN Ins. Co. Mr. Hammam M.Hammam Badr 21 / 23 Nile Tower ,Giza (202) 37477600 www.iskanins.com

25 Arope Ins. Co. ( Non-Life ) Mr. Hany Othman Eldna 8 Gezerat El-arab st. Moahndessin , Giza (202) 33361490 www.aropeegypt.com

26 Arope Ins. Co. ( Life ) Mr. Hany Othman Eldna 8 Gezerat El-arab st. Moahndessin , Giza (202) 33361490 www.aropeegypt.com

27 Solidarity Family Takaful Mr.Ashraf Adnan Beceso Tower 4 , Osman Towers , Maadi , Cairo25247078

28 Nile General Takaful Mr.Mohamed Ashraf Gohar 51 Bayrot - Helopolis - Cairo(202) 24130600

www.niletakaful.com

29 Nile Family Takaful Mr.Mohamed El-Desheesh 51 Bayrot - Helopolis - Cairo(202) 24130600

www.niletakaful.com

30 Al Mashrek Alaraby Insurance Takaful Mr. Omar Hassan El Amin8 Abd el-salam Zekry st. oroba st. ,Korba , Cairo (202) 24149022

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31 Insurance Federation of Egypt Mr. Abd Elraouf Kotb 10 Iran St., Dokki, Giza, Egypt. (202) 3388471 www.ifegypt.org

32 Cargo Supervision & Surveying Office A.R.E. Mr. Sadek Hassan Sadek 52 El- Horreya road , Alexandria, Egypt.

(203) 4870046 (203) 4862788 www.cargo-sup-sur.com

Page 48 of 48

www.efsa.gov.eg

Egyptian Insurance Market StructureMain FiguresInsurance ActivitiesRe-Insurance ActivitiesInvestmentsFinancial StatementsPrivate FundsMarket Directory

annual statistical report of egyptian insurance market 2010_2011

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