The volume of written premiums received by insurance companies in Egypt rose to EGP 10.135 billion in FY 2010/2011, compared with EGP 9.277 billion in FY 2009/2010, with a 9.3% increase, according to Egyptian Financial Supervisory Authority' report. EFSA reported that public insurance companies acquires 49.7% and private insurance companies acquire 50.3% of the total premiums market. The personal and property Direct premiums volume grew by 10.9% in FY 2010/2011. Property insurance grew by 9.3% as it reached EGP 9.655 billion, compared with EGP 8.78 billion. The volume of direct premiums of personal insurance in FY 2010/2011 reached EGP 3.999 billion, compared with EGP 3.607 billion in FY 2011/2012. The volume of direct premiums of property insurance in FY 2010/2011 reached EGP 5.655 billion, compared with EGP 5.173 billion in FY 2009/2010. The premiums of property reinsurance retreated by 0.8% in value to EGP 474 million in FY 2010/2011, compared with EGP 477.8 million. The premiums of reinsurance issued from personal insurance sector rose by EGP 174 million in FY 2010/2011, compared with EGP 148 million with an increase of 17.5%. Property reinsurance premiums volume grew by 7.9% in FY 2010/2011, as it reached EGP 2.747 billion, compared with EGP 2.546 billion. Personal insurance net premiums reached EGP 3.381 billion in FY 2010/2011, compared with EGP 3.104 billion, with an 8.9% increase. EFSA reported that paid compensations reached EGP 5.866 billion, compared with EGP 5.498 billion, with a 6.7% increase where public sector insurance companies paid 57.7% of which and private insurance companies paid 42.3%. Personal and property insurance direct compensations grew by 16.9% in FY 2010/2011 compared with that in FY 2009/2010 and property insurance retreated by 0.7%. Personal insurance direct compensations reached EGP 2.503 billion, compared with EGP 2.140 billion. Property direct compensations retreated to EGP 3.083 billion, compared with 3.104 billion. The volume of paid personal reinsurance compensations retreated by 19% in value to EGP 5.679 million in FY 2010/2011, compared with EGP 7.015 million in FY 2009/2010. The volume of paid property reinsurance compensations retreated by 11% in value to EGP 273.5 million in FY 2010/2011, compared with EGP 246.3 million in FY 2009/2010. The volume of personal reinsurance compensations reached EGP 93.6 million in FY 2010/2011, compared with EGP 67 million in FY 2009/2010, with an increase of 39.7%. The volume of property reinsurance compensations rose by 0.7% in FY 2010/2011 as it reached EGP 969 million, compared with EGP 962 million. The net of personal insurance compensations rose to EGP 2.415 billion, compared with EGP 2.080 billion, with an increase of 16.1%. The net of property insurance compensations retreated to EGP 2.387 billion, compared with EGP 2.388 billion. The volume of investments in insurance and reinsurance companies reached EGP 35.348 billion, compared with EGP 31.711 billion with an increase of 11.5%. The net income of investments in insurance and reinsurance companies reached EGP 2.742 billion, compared with EGP 2.919 billion with a retreat of 6.1%. Policyholders' equities grew by 11.4% as they reached EGP 27.894 billion, compared with EGP 25.042 billion. Shareholders' equities grew by 4.8% as they reached EGP 6.831 million, compared with EGP 6.520 billion. Deficit in life insurance registered 72.7% as it reached EGP 38.3 million in FY 2010/2011, compared with EGP 140 million in FY 2009/2010. Property insurance companies achieved a surplus of 218.4% as it reached 474 million, compared with EGP 149 million.
