Annual statistics

Annual performance statistics

Traceing the path of development and achievement over the years

The Cooperative Insurance Fund for Mechanized Fishing Vessels and Their Operators is committed to implementing a rigorous monitoring system for financial and technical performance, reflecting the results of its work and ongoing development efforts in the marine fishing sector.

The following statistics demonstrate the Fund’s commitment to expanding insurance coverage, increasing the efficiency of risk management, and achieving economic stability for those working in this vital sector.

These data are updated regularly to illustrate growth indicators in the number of insured vessels, the volume of premiums and compensations, and the financial surplus, highlighting the Fund’s impact on supporting sustainable development and ensuring the professional security of fishermen and vessel owners throughout the country.

2015

Growth in the number of insured vessels and continued financial stability
Number of insured vessels: 3,216 vessels Insurance premiums collected: EGP 2,463,490 Number of vessels involved in accidents: 104 vessels Number of vessels for which compensation was paid: 83 vessels Total compensation paid: EGP 1,842,285 Number of insured employees: 37,100 Employee insurance premiums collected: EGP 615,872 Number of accidents involving employees: 32 accidents Number of employees who received compensation: 19 employees Total compensation paid to employees: EGP 243,234 Technical reserve balance for vessels: EGP 12,611,588 Technical reserve balance for employees: EGP 3,760,809

2016

Improvements in the fund's performance and expansion of insurance coverage.
Number of insured vessels: 3,170 vessels Insurance premiums collected: 2,464,260 EGP Number of vessels involved in accidents: 99 vessels Number of vessels for which compensation was paid: 83 vessels Total compensation paid: 1,579,400 EGP Number of insured employees: 35,300 employees Employee insurance premiums collected: 616,065 EGP Number of accidents involving employees: 46 accidents Number of employees who received compensation: 44 employees Total compensation paid to employees: 753,900 EGP Technical reserve balance for vessels: 13,850,764 EGP Technical reserve balance for employees: 3,800,749 EGP

2017

Continued growth and improvement in the speed of compensation settlements
Number of insured vessels: 3,097 vessels Insurance premiums collected: EGP 2,429,950 Number of vessels involved in accidents: 70 vessels Number of vessels for which compensation was paid: 61 vessels Total compensation paid: EGP 1,731,137 Number of insured employees: 34,100 Employee insurance premiums collected: EGP 607,487 Number of accidents involving employees: 37 accidents Number of employees who received compensation: 34 employees Total compensation paid to employees: EGP 451,034 Technical reserve balance for vessels: EGP 15,496,413 Technical reserve balance for employees: EGP 4,199,936

2018

Strengthening financial capabilities and stabilizing performance
Number of insured vessels: 3,099 vessels Insurance premiums collected: EGP 2,486,620 Number of vessels involved in accidents: 80 vessels Number of vessels for which compensation was paid: 68 vessels Total compensation paid: EGP 1,317,200 Number of insured employees: 34,200 Employee insurance premiums collected: EGP 621,655 Number of accidents involving employees: 36 accidents Number of employees who received compensation: 22 employees Total compensation paid to employees: EGP 187,033 Technical reserve balance for vessels: EGP 17,749,497 Technical reserve balance for employees: EGP 4,906,505

2019

Improved performance indicators and continued geographic expansion
Number of insured vessels: 3,049 vessels Insurance premiums collected: EGP 2,433,770 Number of vessels involved in accidents: 88 vessels Number of vessels for which compensation was paid: 73 vessels Total compensation paid: EGP 1,759,612 Number of insured employees: 33,800 Employee insurance premiums collected: EGP 608,442 Number of accidents involving employees: 37 accidents Number of employees who received compensation: 25 employees Total compensation paid to employees: EGP 580,200 Technical reserve balance for vessels: EGP 19,503,225 Technical reserve balance for employees: EGP 5,196,641

2020

Relative stability despite economic challenges
Number of insured vessels: 2,388 vessels Insurance premiums collected: EGP 1,968,440 Number of vessels involved in accidents: 69 vessels Number of vessels for which compensation was paid: 63 vessels Total compensation paid: EGP 1,255,115 Number of insured employees: 29,500 Employee insurance premiums collected: EGP 492,110 Number of accidents involving employees: 22 accidents Number of employees who received compensation: 21 employees Total compensation paid to employees: EGP 204,700 Technical reserve balance for vessels: EGP 22,020,464 Technical reserve balance for employees: EGP 5,820,950

2021

Developing digital services and increasing data accuracy
Number of insured vessels: 2,947 vessels Insurance premiums collected: EGP 2,287,560 Number of vessels involved in accidents: 93 vessels Number of vessels for which compensation was paid: 75 vessels Total compensation paid: EGP 2,198,747 Number of insured employees: 31,300 Employee insurance premiums collected: EGP 571,890 Number of accidents involving employees: 31 accidents Number of employees who received compensation: 26 employees Total compensation paid to employees: EGP 373,800 Technical reserve balance for vessels: EGP 23,633,910 Technical reserve balance for employees: EGP 6,484,218

2022

Strengthening financial oversight and increasing collection efficiency
Number of insured vessels: 2,626 vessels Insurance premiums collected: EGP 2,040,280 Number of vessels involved in accidents: 62 vessels Number of vessels for which compensation was paid: 45 vessels Total compensation paid: EGP 1,188,651 Number of insured employees: 20,220 employees Employee insurance premiums collected: EGP 510,070 Number of accidents involving employees: 35 accidents Number of employees who received compensation: 19 employees Total compensation paid to employees: EGP 373,125 Technical reserve balance for vessels: EGP 25,891,666 Technical reserve balance for employees: EGP 6,991,075

2023

Continued growth and improved response speed
Number of insured vessels: 2,812 vessels Insurance premiums collected: EGP 2,109,580 Number of vessels involved in accidents: 72 vessels Number of vessels for which compensation was paid: 50 vessels Total compensation paid: EGP 1,133,815 Number of insured employees: 31,105 employees Employee insurance premiums collected: EGP 527,395 Number of accidents involving employees: 34 accidents Number of employees who received compensation: 14 employees Total compensation paid to employees: EGP 303,800 Vessels' technical reserve balance: EGP 28,727,346 Employees' technical reserve balance: EGP 7,728,857

2024

Year of expanded coverage and comprehensive digital development
Number of insured vessels: 2,839 vessels Insurance premiums collected: EGP 2,129,550 Number of vessels involved in accidents: 70 vessels Number of vessels for which compensation was paid: 67 vessels Total compensation paid: EGP 825,298 Number of insured employees: 31,365 Employee insurance premiums collected: EGP 532,387 Number of accidents involving employees: 26 accidents Number of employees who received compensation: 22 employees Total compensation paid to employees: EGP 335,800 Vessels' technical reserve balance: EGP 33,208,251 Employee technical reserve balance: EGP 8,830,819