The concluding statement of Article IV consultation of IMF on the Syrian Arab Republic    The Syrian-Ukrainian Joint Committee meets in Damascus and signs a number of agreements and memorandums    Minister of Finance presents an explanation on new exit fee, and a reminder of its valid starting from 1July,2008.    Signing three agreements with Romania in the conclusion of Romanian delegation's visit to Syria.    Ministry of Finance holds a definitional workshop on the new financial and accounting systems    Public Customs Administration generalizes to its departments adopting the agreed basics with a fuel company in order to provide passing tracks to Syria with the global price of gas oil    Finance Minister: for the first time, the accounts of the Public State Budget were audited for the next year directly    Highlights on the International Financial and Investment Institutions Forum    Minister of Finance: We Hope to Establish an Insurance Market that Provides 200 Million Dollars in 2008    1st Micro Finance National Conference kicks off    Damascus Insurance Assembly concludes its activities    Cooperation between Syrian and Malaysian Chamber of Commerce    Syrian-Qatari Holding Company Agreement Signed    Minister of Finance and Bosnian Deputy Finance Minister Discuss Cooperation    Minister of finance, Chairman of Insurance Supervision Commission, issuing a decision that includes a regulation for institutional arbitration in the insurance companies.    In cooperation with the project of modernization and development of Ministry of Finance… an identification symposium on rules of origin    The International Forum of Financial and Investment institutions in Syria    Arab Investment Climate 2006 report. Syria’s growth rate 3.6%, inflation at 2.7%    A Symposium on Anti-Money Laundering shows Syrian efforts in this domain    Syria and Bahrain Sign Cooperation Agreement for Insurance Training   
 

 

 

Syrian Public Insurance Company >> Insurance >> Banking System

The Syrian Public Insurance Company is a nationalized company established in 1953

Declared capital: 1000,000,000 S.P
Paid capital: 1000,000,000 S.P
P. Box: 2279
Telegraphically: ÓíÑÇÓæÑ
Telex: 411003
Fax: 2220494
Tel: 2211276 – 2218431 – 2218430

E-mail: syrinsur@mail.sy

Board of Directors

Mr. Suleiman Al-Hassan

President

Mr. Bashar Al-Imadi

Member

Mr. Abdul Majeed Khallouf

Member

Mr. Mamdouh Taweeleh

Member

Miss. Lamia Al-Shami

Member

Mr. Saleem Al-Abed

Member

Administration

Mr. Suleiman Al-Hassan

General Director

Eng. Bashar Al-Imadi

Deputy Gen Director/ Director of car insurance

Mr. Abdul Majeed Khallouf

Director of fire and different dangers and engineering insurance

Miss. Lamia Al-Shami

Director of Planning and Statistics

Dr. Bassam Rasheed

Director of Accounting

Miss. Wafaa Falloh

Director of Life Insurance

Mr. Adnan hammoud

Director of Transport Insurance

Mr. Salem Al-Turk

Director of flight, return and ships bodies insurance

Mrs. Haifaa Joud

Director of the cases and legal affairs

Mr. Fathi Murad

Director of internal supervision

Mrs. Jihan Haj Sa’id

Secretary of Board of Directors

Insurance premiums, paid accidents and profits of all branches during the last five years. (in S.P)

Insurance branches in the governorates

Branch

Tel

Branch

Tel

Damascus /1/

2218430

Dir Zour

221490

Damascus /2/

2218431

Al-Hassaka

321387

Aleppo

3625511

Al-Raka

210724

Homs

489966

Idleb

238181

Hamah

227551

Dara'a

231252

Latakia

465283

Al-Swaida'a

233993

Tartous

314192

Palmyra office

910155

Banyas office

710256

Safita office

Moharda office

Al-Kunaitra office

Jableh office

Al-Kamishli office

Al-Salamia office

Musiaf office

Nabik office

Tal-Abiad office

Tal-Kalakh office

Ifreen office

-

-

-

The accidents in 2001 (by S.P)

Flight

004 501

Transport

647 252 61

Cars

890 627 785 1

Ships Bodies

952 106

Stealing

361 189 1

Family protection

739 156

Personal incurance

402 463

Life insurance

373 742 2

Civil responsibility

065 841 3

Engineering insurance

597 265 2

Fire

509 108 31

The Total

539 255 889 1

The compensations in 2001 (by S.P)

Flight

242 360 302

Transport

395 616 861

Cars

023 069 618 2

Ships bodies

258 719 16

Stealing

427 601 62

Family protection

484 312 88

Personal insurance

955 917 4

Life insurance

879 709 1

Civil responsibility

764 668 20

Engineering insurance

712 411 30

Fire

243 974 645

The Total

382 361 653 4

Investments
The investments during 2001 were as follows:

Real estate after reducing appropriation

251,341,324

Blocked accounts in banks

591,24

Securities (Bonds, Stocks)

612,399,554

Current accounts in banks

906,252,317,5

Depositions into public credit fund

464,821,656,3

The total profits in 2001

410,522,707,1

Year

Compensations

Paid accidents

Profits

1992

2.128.176.878

582.395.605

981.078.219

1993

2.428.621.105

1.009.914.801

1.097.923.853

1994

2.770.268.919

1.260.128.274

877.948.154

1995

3.082.458.524

2.453.782.021

1.095.397.344

1996

3.268.913.691

1.626.768.017

1.150.197.105

 

branch

1995 %

1996 %

Difference %

transport
cars
fires
accidents
engineering
life
flight
ships’ bodies
family protection

1.001.476
1.233.344
542.811
61.009
82.914
23.610
121.203
13.530
1.226  

32.50
40.03
17.62
1.98
2.69
0.77
3.93
0.44
0.04  

968.374
1.408.243
609.561
68.741
74.862
24.440
99.220
6.094
1.328  

29.70
43.19
18.69
2.10
2.30
0.75
3.04
0.19
0.04  

-33.102
174.899
66.750
7.732
-8.052
830
-7.436
102

-3.31
14.18
12.30
12.67
-9.71 3.52
-18.13
-54.95
8.32

Total

3.081.123  

100

3.260.863

100

179740

5.83  

Acceptable actions

1335  

-

8051

-

6716

503.07

Gross total

3.082.458  

-

3.268.914  

-

186456

6.05  


Technical reservesThe technical reserves during (1995-1996) were as follows:

 Reserves

 1995

 1996

 Computational reserve for life branch

 99.214.839

 96.427.336

 Reserve for current dangers

 1.053.125.849

 1.136.207.777

 Reserve for compensations under settlement

 2.069.665.823

 2.084.863.500

 The share of return insurance of these reserves

 

 

 Reserve for current dangers

 222.362.868

 235.007.642

 Reserve for compensations under settlement

 582.176.112

 363.532.178

             


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