ECIC IR 2023

Integrated Report 2023

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2

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1

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List of Tables and Figures

Tables Table 1: Board members, committees, and meeting attendance from 1 April 2022 to 31 March 2023

Figures Figure 1: Value of ECIC supported projects

5

Figure 2: Value added to SA Economy

5

46

Figure 3: Employment Impact in South Africa

5

Table 2: Executive remuneration

57

Figure 4: Revenue Impact in South Africa

5

Table 3: Investing in our people

70

Figure 5: Impact of sums insured by country

24

Table 4: Draws for the period 1 April 2022 to 31 March 2023 Table 5: Employment impact by sector [Number]

Figure 6: Economic Sector Analysis

25

82

Figure 7: Integrated Assurance Model

74

83

Figure 8: Profitability

91

Table 6: Top 3 Economic sectors

108

Figure 9: Operating expenditure

92

Table 7: Mechanisms and strategies to maintain or increase available capital

Figure 10: Composition of total assets

100

110

Figure 11: Composition of total liabilities

101

Figure 12: Provision for claims

102

Figure 13: Cashflows generated 103 Figure 14: Insurance portfolio (existing book) 106 Figure 15: Insurance portfolio (including pipeline) 107 Figure 16: Sum Insured per Country 107 Figure 17: Sum Insured per Sector 108 Figure 18: Sovereign Exposure 109 Figure 19: Sovereign Debt by Country 109 Figure 20: Illustration of risk capacity and appetite 111 Figure 21: Political Exposure 111 Figure 22: Economic Capital Allocation 112 Figure 23: Projected Solvency Cover Ratio (SCR) 112 Figure 24: Projected Solvency Cover Ratio (EC) 113

YOUR EXPORT RISK PARTNER

115