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 structure

The Egyptian insurance market composed of:
- The Egyptian Financial Supervisory Authority (EFSA).
- The Entities that conduct insurance and reinsurance activities:Public Sector Companies conducting
property & liability insurance
Public Sector Companies conducting
Private Sector Companies conducting
all classes of insurance

Misr Insurance Company
Misr Life Insurance Co.
1
2
3
Suez Canal Insurance Company

Mohandes Insurance Company
Delta Insurance Company
1
2
3
4
5
6
7
8
Chartis Egypt Insurance Company

Arab Misr Insurance Group (AMIG)
Allianze Insurance Company - Egypt
ACE Insurance Company - Egypt
Royal Insurance Company
Egyptian Saudi Insurance Home
BUPA Egypt Insurance Company
Egyptian for Takaful Insurance Company
( Non-Life )
Wethak for Takaful Insurance Company
( Non-Life )
ISKAN Insurance Company
Arope Insurance Company ( Non-Life )
Nile General Takaful
Al Mashrek Alaraby Insurance Takaful
9
10
11
12
13
1
2

life insurance
3
4
5
6
7
8
9
1
Export Credit Guarantee Company of

Egypt (ECGE)
Co-operative Insurance Society, Egypt
Export Credit Guarantee Company

Co-operative Insurance Societies
Pharaonic American Life Insurance

Company (ALICO)
Commercial International Life Insurance
Company (CIL)
Allianz Life Assurance Company - Egypt
ACE life Insurance Company- Egypt
NSGB Life Insurance Company
Egyptian for Takaful Insurance Company
(Life)
Arope Insurance Company (Life)
Solidarity Family Takaful
Nile Family Takaful
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
L.E. 000
Direct Premiums:
_ Life :
Insurance Companies
3607811
3999723
Private Funds
3282259
3847403
Insurance Companies
5173824
5655426
20885
23742
16099539
18062039
251193
308864
27013214
30349237
_Unearned Premiums Reserve
1678971
2003044
_ Outstanding Claims Reserve
5453057
5843386
_ Loss Ratio Fluctuation Reserve
1556495
1668641
_ Reserve Fund
280835
325070
Insurance Companies
6519562
6831318
Insurance Companies
31711117
35347783
Private Funds
26525211
29625473
234913
287424
_ Property & Liability :
Government Insurance Fund

Policyholders' Rights:
_ Life :
Insurance Companies :
_ Mathematical Reserve
_ Outstanding Claims Reserve
Private Funds
_ Property & Liability :
Insurance Companies :
Government Insurance Fund :
Shareholders' Rights:
Investments :
Government Insurance Fund
Page 4 of 48
Insurance Activities
Table ( 1 )
Life Assurance
L.E.000
In Force
New Business
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
Individual
29784982 29100085
38653478
46793561
Group
64268411 84299646 109523934
1027
176
157
158
180
159
policies (in thousands)

Sums Assured :
Total
48770697 10139158
9744821 11106490 13598856 11131402
99855974 140567658 27740740 44594760 49741142 45969718 62443244
94053393 113399731 148177412 146649535 189338355 37879898 54339581 60847632 59568574 73574646
Premiums :
Individual
Group
Total
2228887
2620438
2894650
3059734
2993780
860063
802158
652794
704444
566193
717037
893067
985160
1248400
1306861
260749
349585
332883
416545
494683
2945924
3513505
3879810
4308134
4300641
1120812
1151743
985677
1120989
1060876
Page 6 of 48
Life Assurance Sums Assured

( In Force )
In Millions of L.E.
140568
140000
109524
120000
99856
100000
84300
64268
80000
48771
46794
60000
38653
29785
29100
40000
20000
0
2006/2007
2007/2008
2008/2009
Individual
2009/2010
2010/2011
Group
Life Assurance Premiums

( In Force )
In Millions of L.E.
3500
3000
3060
2895
2994
2620
2229
2500
2000
1248
1500
1000
893
717
1307
985
500
0
2006/2007
2007/2008
Individual
2008/2009
Group
Page 7 of 48
2009/2010
2010/2011
Table ( 2 )
Direct & Net Premiums

By Class of Business
L.E.000
Direct Premiums
Class
Net Premiums
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
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
3273802
4169950
4750239
5173825
5655424
1477928
2173896
2644696
3104983
3381692
Inland Transport
Total
Page 8 of 48
Direct & Net Premiums

In Millions of L.E.
5655
6000
5174
4750
5000
4170
4000
3382
3105
3274
2645
3000
2000
2174
1478
1000
0
2006/2007
2007/2008
2008/2009
Direct
Page 9 of 48
Net
2009/2010
2010/2011
Percentage Distribution of Premiums by Classes

2009 / 2010
10.9%
Direct
8.5%
9.0%
9.7%
13.5%
10.8%
4.8%
1.1%
3.5%
25.5%
2.8%
Net
2.8%
5.8%
9.3%
16.4%
9.6%
5.1%
3.7%
1.4%
0.9%
3.2%
41.9%
Fire
Marine Cargo
Inland Transport
Marine Hull
Aviation
Accident
Health
Engineering
Oil
Motor Act
Motor Comprehensive
Page 10 of 48
Table ( 3 )
Direct & Net Claims

L.E.000
Direct Claims Paid
Net Claims Paid
Class
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
33843
48504
54119
26557
37620
12187
49676
-7983
9278
7541
6282
7416
8122
4036
4311
3871
4048
3596
Marine Hull
66650
64050
83795
67858
94916
10724
22991
15597
19354
Aviation
39607
39124
-41765
46099
9547
12876
21857
77650
48753
55104
Motor Comprehensive
399974
607532
764798
716555
795977
335203
468131
601485
701377
770804
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
21781
30760
53543
82445
71762
82101
91447
53421
76514
58758
79566
88881
169445
261881
288228
266521
323157
87820
130423
152893
170857
194403
2253946
2484819
2858631
3104798
3083800
982025
1379363
2068271
2388378
2387374
Marine Cargo
Inland Transport
Accident
Health
Total
Page 11 of 48
22,928
18193
112972
36528
19791
23687
Direct & Net Claims

In Millions of L.E.
3105
3500
3084
2859
3000
2485
2388
2254
2500
2387
2068
2000
1379
1500
982
1000
500
0
2006/2007 2007/2008 2008/2009 2009/2010 2010/2011
Direct
Page 12 of 48
Net
Percentage Distribution of Claims Paid by Classes

2010/2011
Direct
37.7%
25.7%
6.9%
0.3%
3.1%
0.3% 1.2%
3.0%0.6%
10.5%
10.7%
Net
47.4%
32.3%
2.3%
1.0%
1.5%
1.4%
8.1%
3.7%
1.3%
0.8% 0.2%
Fire
Marine Cargo
Inland Transport
Marine Hull
Aviation
Accident
Health
Engineering
Oil
Motor Act
Motor Comprehensive
Page 13 of 48
Table ( 4 )
Loss Ratios
%
Direct Business
Class
Net Retained
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
Marine Cargo
28.2
11.1
13.7
(10.9)
33.7
(2.2)
6.7
22.4
57.4
34.3
48.3
67.0
(23.0)
53.1
12.6
11.2
38.1
49.5
66.0
61.1
22.7
Inland Transport
16.4
24.7
18.5
6.2
39.2
Marine Hull
49.0
35.6
88.1
56.9
46.1
28.0
53.5
(113.7)
(133.8)
(10.3)
9.2
(15.2)
79.2
77.9
93.9
72.4
62.1
77.8
69.6
62.2
72.3
61.5
841.1
316.0
195.5
301.6
232.2
751.9
339.0
405.3
322.3
233.2
20.2
6.4
50.5
20.3
37.2
52.8
29.1
31.4
35.8
39.3
142.8
18.5
32.9
(14.0)
10.2
57.2
(161.0)
(2.4)
Accident
36.5
(4.0)
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
105.7
50.1
68.0
72.9
128.3
80.0
92.3
94.6
82.4
Aviation
11.3
Motor Comprehensive
Motor Act
Engineering
Oil
Total
22.0
44.3
68.8
Page 14 of 48
15.9
41.4
56.6
22.8
59.1
25.6
Loss Ratios
2010/2011
%
140
120
128.3
105.7
94.6
92.3
100
82.4
80.0
80
68.8
68.0
60
72.9
50.1
40
20
0
2006/2007
2007/2008
2008/2009
Direct
2009/2010
Net
Page 15 of 48
2010/2011
Table ( 5 )
Property & Liability Results

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
111917
133976
41464
58973
52521
(5008)
(41780)
(134234)
(98408)
39082
(601718)
(447592)
(163453)
(629483)
(281398)
84312
144806
98747
97470
85814
Aviation
Motor Comprehensive
Motor Act
Engineering
Oil
192887
169275
130321
126572
129331
Accident
233398
178517
227385
196265
167092
Health
(21342)
5061
4022
33692
72491
361188
595794
602649
148553
474774
Total
Page 16 of 48
Re-Insurance Activities
Table ( 6 )
Reinsurance Premiums
L.E.000
Outward
Class
Inward
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
8212
8354
10003
9277
11751
78541
91843
117508
122823
139716
15905
17025
20061
22771
12614
200077
150677
165443
182640
170999
53263
37213
107002
72494
77930
65559
176588
101623
31207
28226
4664
9197
4993
3719
3146
2622
9613
23270
7714
55767
Engineering
354562
413798
468591
547785
454575
46834
43786
24801
53938
32297
Oil
390375
451881
513932
507733
568148
15193
-23421
50465
Accident
130974
158033
177774
144109
199711
16314
17526
10459
37695
38987
Health
123720
180033
137497
124955
159073
6053
4414
2517
2454
-212
1765777
2129427
2285561
2338962
2581241
268162
214813
266109
405778
395840
Inland Transport
Marine Hull
Aviation
Motor Comprehensive
Motor Act
Total
Page 18 of 48
90594
144484
Reinsurance Premiums
In Millions of L.E.
3000
2581
2500
2339
2286
2129
2000
1766
1500
1000
396
406
500
268
266
215
0
2006/2007
2007/2008
Outward
2008/2009
Inward
Page 19 of 48
2009/2010
2010/2011
Table ( 7 )
Retained Ratios
%
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
42.9
48.7
51.8
54.9
55.2
Class
Total
Page 20 of 48
Table ( 8 )
Reinsurance Claims Paid

L.E.000
Outward
Class
Inward
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
4827
3092
2191
3270
4421
Marine Hull
53344
50110
70211
62274
81726
10819
11638
10491
11468
10066
Aviation
32284
35491
-36020
54934
18237
5885
17452
83174
57797
55104
Motor Comprehensive
39136
139977
168816
21313
27092
1904
4674
4589
2385
2933
8703
15930
29019
27510
34458
Engineering
247721
110291
85034
107687
191816
7544
15043
12712
14796
13667
Oil
512739
391794
158474
256581
60564
13541
-108762
9439
7215
15562
14613
20088
24551
23229
9675
3313
12519
14013
75853
129370
116880
77833
113985
4161
3675
2312
3023
1100453
1172657
891889
902689
931001
133661
16234
178030
197108
235411
Inland Transport
Motor Act
Accident
Health
Total
Page 21 of 48
10202
76019
Reinsurance Claims Paid

In Millions of L.E.
1173
1200
1100
1000
931
903
892
800
600
400
235
197
178
200
134
16
0
2006/2007
2007/2008
Outward
2008/2009
Inward
Page 22 of 48
2009/2010
2010/2011
Table ( 9 )
Reinsurance Loss Ratios

%
Outward
Class
Inward
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
Marine Hull
61.8
30.8
80.8
52.3
40.8
73.5
45.6
33.1
42.9
0.0
61.4
0.0
22.3
107.3
90.9
80.2
271.5
40.7
0.0
0.0
0.0
0.0
0.0
0.0
60.2
0.0
31.9
44.8
Aviation
0.3
0.0
74.9
Motor Comprehensive
100.0
120.7
181.0
66.0
92.3
Motor Act
480.7
742.3
106.7
0.0
229.4
19.9
3.1
56.9
15.8
38.0
141.4
30.7
42.1
0.0
19.3
1037.2
0.0
21.4
75.4
11.1
43.5
20.9
121.6
100.2
0.0
59.4
21.7
111.7
38.4
62.8
109.9
107.9
59.5
77.6
0.0
53.1
36.2
58.5
13.5
38.3
46.9
46.1
Engineering
Oil
Accident
45.7
Health
83.0
Total
71.0
79.8
31.0
Page 23 of 48
0.0
15.0
0.0
Investments
Table ( 10 )
Insurance Companies Investments

L.E.000
Channels
2006/2007
2007/2008
2008/2009
2009/2010
2010/2011
Fixed 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
21257610
28994035
28910613
31711117
35347782
Total
33.6%
0.1%
1.3%
20.7%
44.3%
Fixed Deposits
Governmental Bonds
Securities & Shares
Page 25 of 48
Loans
Real Estate
Channels of Insurance Companies Investments

2010/2011
33.6%
0.1%
1.3%
20.7%
44.3%
Fixed Deposits
Governmental Bonds
Securities & Shares
Page 26 of 48
Loans
Real Estate
Table ( 11 )
Investments by Companies
L.E.000
Company
2006/2007 2007/2008 2008/2009 2009/2010 2010/2011
Misr
9295975 20352979 19176523 20780916 11992248
Al Chark
3548250
Misr Life Ins.
1550466
2466723
2543720
Egypt Re.
2259571
Suez Canal
428109
440519
504272
574974
707969
Mohandes
626322
712845
758010
809487
846729
Delta
517620
532086
576689
656882
658879
Chartis Egypt
180498
181642
217526
209348
468530
Arab Misr Ins. Group
146748
169367
187673
227478
275111
Pharaonic American Life (ALICO)
441472
772383
939782
1233790
1540541
Export Credit Guarantee
167183
188127
399903
410423
422153
75333
81808
47922
67299
1105318
1662247
1483129
1544454
1526506
ACE
67302
63247
59782
88734
92616
Royal
58686
70859
103669
150690
206735
Allianz
150496
190607
230072
314306
352389
Allianz Life
437612
715875
1028962
1459713
2028590
52574
58949
71471
132439
183956
NSGB Life
76499
134912
203029
282268
401853
ACE Life
33084
29759
58565
97612
Bupa Egypt
38492
66061
81815
113624
208906
Egyptian for Takaful Ins. Co. ( Non-Life )
50020
59393
111585
156846
Egyptian for Takaful Ins. Co. ( Life )
50020
47038
56666
66528
Wethak for Takaful Ins. Co. ( Non-Life )
31206
129964
151917
Arope Ins. Co. ( Non-Life )
50231
52917
46784
Arope Ins. Co. ( Life )
50231
46398
57075
Iskan
70591
84247
47014
81542
14645
17155
27447
43497
Nile Family Takaful
20471
11739
Co-operative insurance socity, Egypt

Commercial International Life (CIL)
Total
2046281 12649442
21257610 28991035 28910613 31711117 35347782
Page 27 of 48
Financial statements
Table ( 12 )
Insurance & Reinsurance Companies

Consolidated Balance Sheet
L.E.000
2006/2007
2007/2008
2008/2009
2009/2010
2010/2011
Assets :
Investments
21257610
28994035
28910613
31711117
35347783
624069
727842
426130
478104
504859
2975495
3357135
3385936
3252679
3817145
83594
305694
326570
399017
412811
24940768
33384706
33049249
35840917
40082598
4575223
8535306
6404513
6519562
6831318
_ Life
9683865
12665850
14196312
16350734
18370903
_ Non Life
6807080
8035047
8223646
8690974
9522934
546519
603916
541423
447459
414786
3328081
3544587
3683355
3832188
4942657
24940768
33384706
33049249
35840917
40082598
Cash at Banks
Debtors & Sundry Debtors
Other Assets
Total
Liabilities :
Shareholders Rights
Policyholders Rights :
Commercial Reserves
Creditors
Total
Page 29 of 48
Table ( 13 )
Revenue & Expenditure Account

Life Business
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
1949623
2321977
2838054
3140738
3439881
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
13336
8308
4449
4492
13326
37935
150967
138151
38397
2321977
2838054
3140738
3439881
Total
Expenditure :
Net Claims
Other Reserves
Surplus (Deficit)
Total
103019
1949623
Page 30 of 48
Table (14)
Revenue & Expenditure Account

Property & Liability Business
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
438797
498637
527975
543888
585173
1164441
1727674
808872
946684
1059863
38766
71879
115891
63185
76729
3292615
4195755
3943950
4437494
4939631
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
46773
35937
15617
33456
Reinsurance Commissions
Investment Income
Other Income
Total
Expenditure :
Commercial Reserves
Other Expenditure
Surplus (Deficit)
Total
-7692
0
361190
595794
602649
148452
474773
3292615
4195755
3943950
4437494
4939631
Page 31 of 48
Table ( 15 )
Shareholders Rights
Companies
L.E.000
Paid up Capital
Capital Reserves
2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011
Misr
900000
1900000
1900000
1900000
1650000
220800
4054142
1597646
1337351
1161164
Al Chark
500000
113790
National
350000
350000
350000
750000
1000000
34286
43359
20675
29835
124729
Egypt Re.
500000
94131
Suez Canal
60000
75000
85000
85000
85000
17586
19709
21657
24780
28494
Mohandes
50000
75000
75000
75000
75000
63077
93298
72136
77586
76290
Delta
60000
60000
75000
90000
90000
66580
69633
63366
47717
48044
Chartis Egypt
46000
46000
46000
60000
60000
8202
9281
9523
9821
10155
Arab Misr Ins. Group (AMIG)
60000
60000
65000
75000
90000
760
808
1173
1757
2930
40000
47000
60000
60000
60000
5217
6795
8679
10971
13318
Export Credit Guarantee (ECGE)
50000
50000
250000
250000
250000
8991
10038
10245
12563
18194

13948
80000
27248
80000
29767
80000
0
80000
30184
80000
2683
-
9249
-
(70054)
-
7382
0
37500
37500
37500
37500
60028
6165
6417
6417
29171
7057
Royal
40000
40000
40000
40000
40000
186
186
743
1815
4366
Allianz
30000
30000
30000
60000
60000
4846
5319
5319
5773
5068
Allianz Life
75000
75000
75000
75000
100000
85
655
(2688)
30000
30000
30000
60000
60000
191
288
428
554
930
NSGB LIFE
30000
30000
30000
60000
60000
1489
1733
3228
ACE Life
60000
69000
93700
126700
Bupa Egypt
30000
30000
30000
60000
60000
268
268
604
1316
2892
EGYPTIAN FOR TAKAFUL INSURANCE (NON-LIFE)
50000
50000
57525
58350
307
EGYPTIAN FOR TAKAFUL INSURANCE (LIFE)
50000
50000
57525
63200
168
30000
30000
40000
74
259
50000
50000
50000
2260
3376
50000
50000
50000
1896
2319
Iskan
75000
75000
50000
50000
30000
40000
30000
30000
Nile Family Takaful
30000
30000
3042448
3211748
3611967
4404250
4396762
647759
4330279
1748642
1596960
1516593
ACE
Total
Page 32 of 48
(668)
(1389)
Shareholders Rights
In Millions of L.E.
8000
7000
6000
4330
1597
1517
4404
4397
5000
1749
4000
648
3000
2000
3212
3042
3612
1000
0
2006/2007
2007/2008
Paidup Capital
2008/2009
2009/2010
Capital Reserves
Page 33 of 48
2010/2011
Table ( 16 )
Policyholders Rights
L.E.000
Companies
Life
Property
2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 2006/2007 2007/2008 2008/2009
2009/2010 2010/2011
Misr
3971307
7294672
8212338
9361533
3057466
6300477
6264218
7411755
7749518
Al Chark
2253102
936539
National
709323
1439438
1538946
1609700 12028465
797334
919787
811064
45660
1365183
Suez Canal
117019
135586
167001
223274
279175
121458
130205
146126
176130
201078
Mohandes
329737
369271
406756
438383
465596
88616
111411
142188
141158
140204
Delta
273598
272901
329288
384054
373601
82817
99785
113642
126812
143210
Chartis Egypt
71189
91733
98793
114663
129164
Arab Misr Ins. Group (AMIG)
70253
93239
127881
137862
158645
416489
762538
956653
1199624
1500395
28101
27822
27740
28849
29388
0
1097516
0
1612182
0
1419296
0
1485912
0
1466141
36829
0
75689
0
169775
0
0
0
94715
0
4226
9093
13081
11517
12763
Royal
15720
24981
44948
84053
130838
Allianz
72907
93053
111963
139563
173714
416882
699451
988343
1382089
1943866
15169
21131
32351
48925
83045
47586
93772
144311
203863
289177
5647
16041
32013
54573
Bupa Egypt
43273
36559
58656
61830
161976
EGYPTIAN FOR TAKAFUL INSURANCE (NON-LIFE)
82
15347
66582
91340
EGYPTIAN FOR TAKAFUL INSURANCE (LIFE)
1369
7076
16158
45644
99846
115786
227
4172
9657
82
636
Iskan
24762
43408
7838
33444
455
4911
4656
21040
Nile Family Takaful
113
2779
9683866 12695852 14196314 16350731 18370900
6807080
8035047
8223644
8690973
9522933
Egypt Re.

Export Credit Guarantee (ECGE)
ACE
Allianz Life
NSGB LIFE
ACE Life
Total
Page 34 of 48
Policyholders Rights
In millions of L.E.
30000
25000
9523
8691
20000
8224
8035
15000
6807
10000
12696
5000
14196
16351
18371
9684
0
2006/2007
2007/2008
Life
2008/2009
Non_life
Page 35 of 48
2009/2010
2010/2011
Private Funds
Table ( 17 )
Number of 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
632
Number of funds which are registered during the year
15
18
10
635
643
645
643
642
Number of funds which are canceled during the year
10
11
Number of funds at the end of the year
625
638
638
632
635
Total
Page 37 of 48
Table ( 18 )
Private Insurance Funds

Consolidated Balance Sheet
L.E.000
2006/2007
2007/2008
2008/2009
2009/2010
2010/2011
Assets :
Investments
18161006
20973985
24168868
26525211
29625473
116347
323177
151982
80029
152801
1666135
1758342
1711026
2091909
1948764
512207
872942
672508
1091430
1222066
20455695
23928446
26704384
29788579
32949104
Reserves of Insurance Funds
18832212
21744470
24214803
27013214
30349237
Creditors & Sundry Creditors
1623483
2183976
2489581
2775365
2599867
20455695
23928446
26704384
29788579
32949104
Fixed Assets
Debtors & Sundry Debtors
Cash in Banks
Total
Liabilities :
Total
Page 38 of 48
Reserves Of Private Insurance Funds

In Millions of L.E.
35000
30349
27013
30000
24215
21744
25000
18832
20000
15000
10000
5000
0
2006/2007
2007/2008
2008/2009
Page 39 of 48
2009/2010
2010/2011
Table ( 19 )

Consolidated Income & Expenditure Account
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
789322
973311
704446
756313
727461
4411389
4782866
5644013
5906412
7367639
2665164
2657421
3185112
3302288
3573417
191262
173239
150637
531064
458199
1554963
1952206
2308264
2073060
3336023
4411389
4782866
5644013
5906412
7367639
Other Income
Total
Expenditure
Claims
General Expenses
Surplus
Total
Page 40 of 48

In Millions of L.E.
3847
4000
3573
3500
3282
3185
3302
2866
3000
2665
2657
2496
2500
2186
2000
1500
1000
500
0
2006/2007
2007/2008
2008/2009
Contributions
Page 41 of 48
2009/2010
Claims
2010/2011
Table ( 20 )
Private Funds Investments

L.E.000
Channels
Fixed Deposits
2006/2007
2007/2008
2008/2009
2009/2010
2010/2011
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
18161006
20973985
24168868
26525211
29625473
Total
Page 42 of 48
Channels of Private Funds Investments

2011
74.0%
18.4%
0.8%
1.5% 1.1%
4.2%
Fixed Deposits
Government Bonds
Securities & Shares
Loans to Members
Real Estate
Other Investments
Page 43 of 48
Table ( 21 )
Private Funds Claims

L.E.000
Type of Claim
Retirement
2006/2007
2007/2008
2008/2009
2009/2010
2010/2011
1822836
1727356
2005164
2045858
2467063
416955
535426
554136
475682
512768
58469
94133
150769
57963
100590
Periodical pension
148308
85346
13305
97481
161993
Early retirement
105673
98519
194293
102110
87166
Surrender value
64736
65969
198861
391095
179950
Social assistances
48187
50672
68584
132099
63887
2665164
2657421
3185112
3302288
3573417
Death
Termination of service as a result of disability
Total
Page 44 of 48
Market Directory
Egyptian Insurance Directory

Ser.
Company Name
Chairman
Headquarters Address
The Egyptian Financial

Supervisory Authority
Dr. Ashraf Mahmoud El Sharkawy
Building 5A 84B, kilo 28, Egypt/Alex Desert Road
Misr Insurance Co.
Mr. Adel Fatouh Habeeb Hamad
Misr Life Insurance Co.
Tele.
Web site
+ 202 35370040
www.efsa.gov.eg
44 A Dokki St., Giza.
(202) 33355350
www.misrins.com
Mr. Sadek Hassan Sadek
15 Kasr El-Nil St., Cairo, Egypt
(202) 25769808
www.misrlife.com
Suez Canal Ins. Co.
Mr. Mohamed Adel Fathy
31 Mohamed Kamel MorsySt.,

El Mohandeseen, Giza, Egypt.
(202) 37601051
(202) 37601056
www.sci-egypt.com
Mohandes Ins. Co.
Mr. Elsayed Mohamed Ahmed Baraka
3 Mesaha sq., Dokki,

Giza, Egypt.
(202) 33352163
(202) 33352547
www.mohandes-ins.com
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
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
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
Pharaonic American Life

Insurance Company (Alico)
Mr. Micheal Abass Khalaf
Nile City Towers, North Tower, 28th Floor, 2005C Corniche El Nil,
Ramlet Beaulac,
(202) 24619020
www.alicomeasa.com
10
Export Credit Guarantee

Company of Egypt (ECGE)
Mrs. Ola Abdel-Aziz Gadallah
5 Nasr road - Nasr city , Cairo
(202) 22636740
(202) 22636745
11
Co-operative Insurance Society for Small

Enterprises
Mr. Abd El Mounem Bekheet
115 Abbaseya St., Cairo
(202) 24883986
(202) 24883987
www.cis-se.com
12
Commercial International
Life 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
Page 46 of 48

Ser.
Company Name
Chairman
Tele.
Web site
16
Allianz Life Assurance Co.

Egypt (Allianz Egypt )
Mr. Audo Krogar
92 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
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
Mr. Hany Othman Eldna
8 Gezerat El-arab st. Moahndessin , Giza
(202) 33361490
www.aropeegypt.com
26
Mr. Hany Othman Eldna
8 Gezerat El-arab st. Moahndessin , Giza
(202) 33361490
www.aropeegypt.com
27
Mr.Ashraf Adnan Beceso
Tower 4 , Osman Towers , Maadi , Cairo
28
Mr.Mohamed Ashraf Gohar
51 Bayrot - Helopolis - Cairo
29
Nile Family Takaful
Mr.Mohamed El-Desheesh
51 Bayrot - Helopolis - Cairo
30
Mr. Omar Hassan El Amin
25247078
8 Abd el-salam Zekry st. oroba st. ,Korba , Cairo
Page 47 of 48
(202) 24130600
(202) 24130600
(202) 24149022
www.niletakaful.com
www.niletakaful.com

Ser.
Company Name
Chairman
Tele.
Web site
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

Annual Statistical Report of Egyptian Insurance Market 2010 - 2011

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Annual Statistical Report of Egyptian Insurance Market 2010 - 2011

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Annual Report

1 Egyptian Insurance Market Structure

Egyptian insurance market structure

Private Sector Companies conducting

Misr Insurance Company

Misr Life Insurance Co.

Suez Canal Insurance Company

Chartis Egypt Insurance Company

Private Sector Companies conducting

Export Credit Guarantee Company of

Co-operative Insurance Society, Egypt

Export Credit Guarantee Company

Pharaonic American Life Insurance

635 Private Insurance Funds.

- Government Insurance Funds.

_Unearned Premiums Reserve

_ Outstanding Claims Reserve

_ Loss Ratio Fluctuation Reserve

_ Property & Liability :

Government Insurance Fund

Government Insurance Fund :

Government Insurance Fund

64268411 84299646 109523934

policies (in thousands)

9744821 11106490 13598856 11131402

99855974 140567658 27740740 44594760 49741142 45969718 62443244

Life Assurance Sums Assured

Life Assurance Premiums

Direct & Net Premiums

Direct & Net Premiums

Percentage Distribution of Premiums by Classes

Direct & Net Claims

Net Claims Paid

Direct & Net Claims

Percentage Distribution of Claims Paid by Classes

Property & Liability Results

Reinsurance Claims Paid

Reinsurance Claims Paid

Reinsurance Loss Ratios

Insurance Companies Investments

Securities & Shares

Securities & Shares

Channels of Insurance Companies Investments

Securities & Shares

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

9295975 20352979 19176523 20780916 11992248

Misr Life Ins.

Arab Misr Ins. Group

Pharaonic American Life (ALICO)

Export Credit Guarantee

Egyptian Saudi Insurance Home

Egyptian for Takaful Ins. Co. ( Non-Life )

Egyptian for Takaful Ins. Co. ( Life )

Wethak for Takaful Ins. Co. ( Non-Life )

Arope Ins. Co. ( Non-Life )

Arope Ins. Co. ( Life )

Al Mashrek Alaraby Insurance Takaful

Solidarity Family Takaful

Nile General Takaful

Nile Family Takaful

Co-operative insurance socity, Egypt

21257610 28991035 28910613 31711117 35347782