ECIC AR 2024 9TH

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

E Integrated Report 2024 List of Tables and Figures X P O R T C R E D I T I N S U R A N C E C O R P O R A T I O N O F S O U T H A F R I C A S O C L T D

Tables Table 1: Materiality Determination Process

Figures Figure 1: Value of ECIC supported projects

11

6

Table 2: Tax misalignment

16

Figure 2: Value added to SA economy

6

Table 3: Reconciliation of the IMU liability account Table 4: Premiums, claims and underwriting profit summary

Figure 3: Employment Impact in South Africa

7

18

Figure 4: Revenue Impact in South Africa

7

Figure 5: Sum insured by country

35

28

Figure 6: Economic sector analysis

36

Table 5: Asset growth

28

Figure 7: Organisational Structure

37

Table 6: Ethics culture survey

33

Figure 8: GDP Growth 2022-2029

44

Table 7: Countries in which ECIC operates

34

Figure 9: External Debt to GDP

45

Table 8: Debt developments in selected countries

Figure 10: Campaign statistics for the financial year 2023/24

46

80

Table 9: Value creating business model

53

Figure 11: Distribution of wealth 2024

97

Table 10: Board members, committees, and meeting attendance from 1 April 2023 to 31 March 2024 Table 11: Renumeration for Executive Director and Executives 2024 Table 12: Renumeration for Executive Director and Executives 2023

Figure 12: Distribution of wealth 2023

97

62

Figure 13: Distribution of wealth 2022

97

Figure 14: Distribution of wealth 2021

97

73

Figure 15: Distribution of wealth 2020

97

Figure 16: Insurance portfolio (existing book) Figure 17: Insurance portfolio (including pipeline)

73

112

Table 13: Payments to directors 2024

74

Table 14: Payments to directors 2023

74

113

Table 15: Investing in our People

82

Figure 18: Sum insured per country

113

Table 16: Integrated Assurance Model

86

Figure 19: Sum insured per sector

114

Table 17: Risk appetite

88

Figure 20: Sovereign exposure

115

Table 18: Employment impact by sector [Number]

Figure 21: Sovereign debt by country

116

94

Figure 22: Illustration of risk capacity and appetite

Table 19: Value added statement

96

118

Table 20: Procurements which were done through other means Table 21: Variation and expansion of contracts which were above 15% of the original contract

Figure 23: Political exposure

118

103

Figure 24: Economic capital allocation

119

Figure 25: Projected Solvency Cover Ratio (SCR) Figure 26: Projected Solvency Cover Ratio (EC)

119

104

Table 22: Top 3 Economic sectors

115

120

Table 23: Mechanisms and strategies

to maintain or increase available capital

117

YOUR EXPORT RISK PARTNER

122