Th 2555 by Viriyah Insurance

GOOD G OVE R NA N C E

E T D * T ; = E R +l T = ¯ ² ² ²

IV LS D 9S J ; _ = ; < EV KS 9 = E R $S ; IV ; T J BS D 9Wg CSg ; ' * a = E * b L + EV * b + ` G R _ = ; : E E C

@S ; : $V + b M < EV $ T E 9Wg L E T * ' I T C O < OZ ; ` G R @X * @ O b +

+ T $ _ ' EY O % T D 9Wg ' E < I * + E 9Sg I = E R _ 9 J 6 I D $ E R < I ; * T ; 9Wg 9S ; L CS D L R 6 I $ E I 6 _ Ef I ` G R CW = E R LV 9 :V B T @ a 6 D 9W C * T ; 9Wg CW + E E D T < E E 5 _ = ; 9Wg _ -Yg O 8Y O c I I T * b + c 6

LTE<S Â&#x2030;

IV LS D 9S J ; `GR @S ; :$V + LTE+T$$EEC$TE>[ +S 6 $TE $ T I`M * 'ITCLl T _Ef + a'E*LE T *$TE<EV M TE '5R$EEC$TE '5R$EEC$TE<EV M TE `GR'5R>[ < EV M TE BT@EIC:Z E $V + =ER$S ; IV ; TJBS D = Â®Â±Â±Â± `GR`;Ia; C = Â®Â±Â±Â² $TE6l T _;V ; *T; `GR'ITCLl T _Ef + b;= Â®Â±Â±Â± BT@EIC>G$TE6l T _;V ; *T; -Yg O _LW D *9Wg c 6 ES < $TEDOCES < $V + $EEC_@Yg O LS * 'C ETD*T;'5R$EEC$TE7EI+LO< ETD*T;%O*>[ L O<<S Â&#x2030; -W ES < O;Z Â&#x2030; T7 *<`L6*2T;R$TE_*V ; % O C[ G 9Sg I c= =ER_B9$TEES < =ER$S ; BS D LT%T `GRJ[ ; D < EV $ TELV ; cMC

<EEKS 9 BV < TG IV EV D R=ER$S ; BS D 6l T _;V ; :Z E $V + BTDb7 : EECCTBV < TG `GRMGS $ `M * $TE@S 4 ;TOD T *DSg * DY ;

9l T :Z E $V + _@Yg O LS * 'C9Wg 6W $ I T

cC b - _ @Yg O MIS * MT=ERaD-; L I;7; a6DcC L;b+>G$ER9<7 OLS * 'C :Z E $V + 9Wg 6W 7 O *CW $l T cE `7 7 O *CW % O<_%7 7 O *CW 'Z 5 :EEC 7 O *c6 = ERaD-; `GRcC _ OTES 6 _OT_=EW D <$S ;

_Gf $ IV EV D R@S ; :Z >[ $ O 7Sh * <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¤CMT-;Â¥

06 The Viriyah Insurance

IV EV D R = E R $S ; BS D

LTE+T$ $EEC$TE>[ +S 6 $TE = Â®Â±Â±Â± _JEK2$V + c9DCW $ TE_7V < a7OD T *a66_6 ; 9Sh * b;6 T ;$TE<EV a B' `GR$TEG*9Z ; 6 I D= + +S D L;S < L;Z ; Ll T 'S Â&#x2030; +T$$ER<I;$TE_E * G*9Z ; A ; A[ _DW D IDT'ITC_LW D MTDMGS * CMS ; 7BS D ;lh T 9 I C `GRCT7E$TE$ER7Z ; _JEK2$V + 7 T *e %O*BT'ES 2 a6D_,@TRCT7E$TE'Y ; BTKW E 8D;7 'S ; `E$ .Xg * L * >G<I$ a6D7E*7 O OZ 7 LTM$EECE8D;7 `GR$TE=ER$S ; IV ; TJBS D 9l T bM > G$TE 6l T _;V ; *T;%O*<EV KS 9 Q b;= Â®Â±Â±Â± LTCTE8_7V < a7c6 L[ * $I T _= T MCTD 9Wg $l T M;6cI 6 I DOS 7 ET$TE%DTD7S I 9Wg E O DGR Â®Â´ÂªÂ²Â¯ $TE6l T _;V ; *T;%O*<EV KS 9 Q 7GO6= Â®Â±Â±Â± CW @S 4 ;T$TEb;6 T ;7 T *e OD T *7 O _;Yg O * _- ; $TEL * _LEV C bM CW $ TE=1V <S 7V * T;7TCMGS $ <EEKS 9 BV < TG 9Sg I 9Sh * O*' $ E $TE@S 4 ;TER<<<EV M TE+S 6 $TE'ITC_LWg D *bM CW = ERLV 9 :V B T@ CT$DVg * %Xh ; $TE=ES < =EZ * ER<<*T;LV ; cMC`GRES < =ER$S ; 6 I D$TE;l T ;IS 7 $EEC 6 T ;_9'a;aGDW L TEL;_9JCTb- L ;S < L;Z ; $TE9l T *T;OD T *7 O _;Yg O * $TE_@Vg C +l T ;I;J[ ; D < EV $ TELV ; cMC_@Yg O 'ITCLR6I$ EI6_Ef I %O* >[ _ OT=ER$S ; $TE@S 4 ;T_'EYg O *CY O L;S < L;Z ; $TE9l T *T;%O*'[ ' T $TE_@Vg C >GV 7 BS 5 3 ` GR- O *9T*+S 6 +l T M; T DbMC e bM L O6'G O *$S < $ER`L 'ITC7 O *$TE9Wg _ =GWg D ;c=%O*>[ _ OT=ER$S ; $TE_LEV C LE T *'Z 5 BT@-W IV 7 `GR'ITC_+EV Â&#x2030; $ T IM; T b;LTDOT-W @ bM $S < @;S $ *T; EIC8X * $TEE I CCY O $S < M; I D*T;9Sh * BT'ES 2 `GRO*' $ ELT:TE5R=ERaD-; b;$TE6[ ` GL * _LEV C LS * 'Cc9DbM CW L IS L 6V B T@`GR'ITCCSg ; '*b;$TE6l T _;V ; -W IV 7 > T ;$V + $EEC _@Yg O LS * 'C7 T *e .Xg * $TE6l T _;V ; *T;9Sh * MC6OD[ B TDb7 $ TE$l T $S < 6[ ` GOD T * b$G -V 6 a6D'5R$EEC$TE_,@TR6 T ;%O*<EV KS 9 Q _@Yg O bM < EV KS 9 Q LTCTE8 _7V < a7 `GR9l T M; T 9Wg < EV M TE+S 6 $TE'ITC_LWg D *BS D bM $S < >[ _ OT=ER$S ; `GR LS * 'Cc6 O D T *LC6Z G `GRDSg * DY ; ;O$+T$;Wh b ;= Â®Â±Â±Â± 8Y O _= ; = ` M * 'ITCBT'B[ CV b +%O*<EV KS 9 Q 9Wg c 6 $ T I %Xh ; L[ $ TE_= ; <EV KS 9 CMT-;+l T $S 6 BTDb7 -Yg O <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¤CMT-;Â¥ `GRDS * c6 ES < _$W D E7V + T$'5R$EEC$TE$l T $S < `GRL * _LEV C $TE=ER$O<:Z E $V + =ER$S ; BS D MEY O '=BÂª 'S 6 _GY O $bM _ = ; <EV KS 9 =ER$S ; IV ; TJBS D 9Wg CW $ TE<EV M TE*T;6W _ 6 ; 9Sh * MC6;Wh G I ;_= ; >G+T$'ITCCZ * CSg ; E5E*' L * _LEV C :EECTBV < TGbM _ $V 6 %Xh ; 9Sg I 9Sh * O*' $ E 6 I D$TE>GS $ 6S ; ;aD<TD`GR`;I9T*$TE=1V <S 7V * T;7TCMGS $ $TE$l T $S < 6[ ` G$V + $TE9Wg 6W G *L[ Annual Report 2012 / 2555

07 The Viriyah Insurance

IV EV D R = E R $S ; BS D

>[ = 1V <S 7V * T;9Wg _ $Wg D I% O *9Z $ ER6S < @E O C9Sh * CW $ TE7V 6 7TC`GR=ER_CV ; >G OD T *7 O _;Yg O * _@Yg O _LEV C LE T *:EECTBV < TGbM _ = ; L I ;M;Xg * %O*IS 4 ;:EEC O*' $ EOD T *DSg * DY ; 6 T ;9V J 9T*$TE6l T _;V ; *T;b;= Â®Â±Â±Â² <EV KS 9 Q +RDS * '*CZ * CSg ; @S 4 ;TO*' $ E EO<6 T ;OD T *7 O _;Yg O * 9<9I;;aD<TD$TEES < =ER$S ; BS D `GR$TE<EV M TE 'ITC_LWg D *bM L O6'G O *$S < LBTI$TE5 9Wg _ =GWg D ;c= `GR=ES < $TE9l T *T; bM _ = ; _-V * EZ $ CT$%Xh ; CW $ TE7V 6 7TC`GR=ER_CV ; >G$TE6l T _;V ; *T;OD T * b$G -V 6 _@Yg O bM @ E O CEO*ES < = + +S D _LWg D *EO<6 T ;LO6ES < $S < ;aD<TD $TE$l T $S < 6[ ` G$V + $TE9Wg 6W ;O$+T$;Wh < EV KS 9 Q +RES $ KT2T;G[ $ ' T _6V C 6 I D$TE_@Vg C LS 6 L I ;*T;7 O OTDZ b M L[ * %Xh ; `GR%DTD2T;G[ $ ' T ÃªÃ«ÃªÂ©Ã©Ã«Ã°Ã«Ã® 6 I D>GV 7 BS 5 3 9Wg M GT$MGTD _@Vg C - O *9T*$TE%TDbM L TCTE8_% T 8X * G[ $ ' T c6 C T$%Xh ; EIC8X * $TE_-Yg O CaD*:Z E $V + c=DS * =ER_9J_@Yg O ;< T ; _@Yg O _7EW D C@E O CEO*ES < $TE_% T L[ = ER-T'C_JEK2$V + OT_.W D ;b;= Â®Â±Â±Â´ b;;TC'5R$EEC$TE<EV KS 9 Q %O8Y O aO$TL;Wh ` L6*'ITC%O<'Z 5 CTDS * 9 T ;>[ 8Y O MZ ; >[ _ OT=ER$S ; >[ CW OZ = $TER'Z 5 `GR@S ; :CV 7 E9T*:Z E $V + 9Z $ 9 T ; 9Wg CW L I ;Ll T 'S Â&#x2030; DVg * b;$TEL;S < L;Z ; bM :Z E $V + %O*<EV KS 9 Q =ERL<'ITCLl T _Ef + 6 I D6W 7 GO6CT `GR%O%O<'Z 5 >[ < EV M TE`GR@;S $ *T;<EV KS 9 Q 9Z $ e 9 T ; 9Wg c 6 E I C`E* E I Cb+ 6l T _;V ; *T;7TC;aD<TD`GR$GDZ 9 : $ O bM _ $V 6 >GLl T _Ef + 7TC_= T MCTD9Wg c 6 7Sh * cI <EV KS 9 Q +RDS * '*CZ * CSg ; 6l T _;V ; :Z E $V + 7TCMGS $ $TE$l T $S < 6[ ` G$V + $TE9Wg 6W <EV M TE*T;6 I D'ITCa=E * bL 'l T ;X * 8X * =ERaD-; % O*>[ CW L I ;c6 L I ;_LW D 9Z $ ? T D LO6'G O *7TCMGS $ $TE6l T _;V ; *T; %O*<EV KS 9 Q 9Wg I T 'ITC_= ; :EEC 'Y O ;aD<TD _@Yg O 9l T M; T 9Wg < EV M TE 'ITC_LWg D *bM $S < =ER-T-; 7GO6+;LE T *'ITCCSg ; '*`GR=ERaD-; LZ % 9Wg DSg * DY ; `$ LS * 'Cc9D7GO6c=

Â¥;T*LZ I @E 9O*:V I Â¦ $EEC$TE>[ +S 6 $TE

Annual Report 2012 / 2555

08 The Viriyah Insurance

IV EV D R = E R $S ; BS D

$ T I`M * 'ITCLl T _Ef +

2490

Â¯ $ZCBT@S;:

2517

ÂÂ° C$ET'C

2522

ÂÂ² C$ET'C

<EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 +69R_<W D ;+S 6 7Sh * <EV KS 9 'ESh * `E$ BTDb7 -Yg O <EV KS 9 OT_.W D @T5V - D$TE +l T $S 6 6 I D9Z ; +69R_<W D ; Â± G T ;<T9 bM < EV $ TEES < =ER$S ; IV ; TJBS D b;_<Yh O *7 ; _,@TR$TE=ER$S ; OS ' 'W BS D `GR $TE=ER$S ; BS D 9T*9R_G`GR%;L * _=GWg D ;-Yg O _= ; <EV KS 9 OT_.W D @T5V - D$TE =ER$S ; BS D +l T $S 6 %DTD:Z E $V + c=L[ $ TEES < =ER$S ; BS D E8D;7 `GR$TEES < =ER$S ; BS D _<f 6 _7Gf 6 _@Yg O EO*ES < $TE%DTD7S I 9T*_JEK2$V + %O*=ER_9J `GR- I DLE T * MGS $ =ER$S ; 'ITCCSg ; '*`$ = ER-T-;`GRLS * 'Cc9D a6D<EV KS 9 c6 _ =GWg D ;-Yg O _= ; <EV KS 9 IV EV D R@T;V - =ER$S ; BS D +l T $S 6

2525

_@Yg O bM L O6'G O *$S < GS $ K5R$TE6l T _;V ; :Z E $V + =ER$S ; IV ; TJBS D OD T *_7f C E[ = `<< <EV KS 9 Q c6 _ =GWg D ;-Yg O OW $ 'ESh * _= ; <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 6S * 9Wg b - O D[ b ;= + +Z <S ; a6Dc6 ES < $TEDOCES < `GRcI I T*b++T$';c9D `GR LS * 'Cc9DCTa6D7GO6

2530

;S < _= ; = ` M * 'ITCBT'B[ CV b + <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 LTCTE8 'EO*L I ;`< * 7GT6=ER$S ; BS D E8D;7 OS ; 6S < Â _= ; 'ESh * `E$ `GRDS * '* ES $ KTOS ; 6S < Â CTOD T *7 O _;Yg O * $ER9Sg * = + +Z <S ;

Â®Â® $ZCBT@S;:

Annual Report 2012 / 2555

09 The Viriyah Insurance

IV EV D R = E R $S ; BS D

2535

<EV KS 9 Q =ERL<'ITCLl T _Ef + L[ * LZ 6 OW $ 'ESh * b;7GT6=ER$S ; IV ; TJBS D 6 I D$TE 'EO*L I ;`< * 7GT6=ER$S ; IV ; TJBS D EIC9Z $ =ER_B9_= ; OS ; 6S < Â `GR DS * '*ES $ KT'ITC_= ; 9Wg M ;Xg * CTOD T *7 O _;Yg O *+I<+;= + +Z <S ;

2553

_= ; = 9Wg < EV KS 9 Q LTCTE8LE T *_<Wh D =ER$S ; BS D ES < 7E*$ T I%Xh ; L[ M GS $ Â®Â¬Â¨Â¬Â¬Â¬ G T ;<T9

2555

7Sh * `7 IS ; 9Wg Â CV 8Z ; TD; Â®Â±Â±Â± <EV KS 9 Qc6 @S 4 ;T$ T IM; T c=OW $ %Sh ; L[ $ TE +69R_<W D ;_= ; <EV KS 9 CMT-; BTDb7 -Yg O <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¤CMT-;Â¥ _@Yg O LE T *'ITC_-Yg O CSg ; bM $S < =ER-T-;

Â CV8Z;TD;

= ++Z < S ;

<EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¤CMT-;Â¥ 'Y O <EV KS 9 =ER$S ; IV ; TJBS D OS ; 6S < M;Xg * %O*=ER_9Jc9D9Wg c 6 ES < 'ITCcI I T*b++T$G[ $ ' T CTOD T * 7 O _;Yg O * DTI;T; 6 I DC[ G ' T _<Wh D =ER$S ; BS D ES < b;= Â®Â±Â±Â± 9Wg L[ * 8X * Â®Â³Â¨ÂµÂ´Â G T ;<T9 `GRCW L I ;`< * 7GT6OS ; 6S < M;Xg * 9Wg E O DGR ÂÂ±ÂªÂ±Âµ

Annual Report 2012 / 2555

10 The Viriyah Insurance

IV EV D R = E R $S ; BS D

a'E*LE T * $TE<EV M TE

'5R$EEC$TE<EV M TE+S 6 $TE'ITC_LWg D * '5R$EEC$TE@V + TE5T$TEG*9Z ;

'5R$EEC$TE<EV K S 9

'5R$EEC$TE<EV M TE

'5R$EEC$TE@V + TE5TES < =ER$S ; BS D '5R$EEC$TE+S 6 $TE' g TLV ; cMC96`9;

$EEC$TE>[ h +S 6 $TE

'5R9Wg = EX $ KT<EV KS 9

J[ ; D k ? $ O<EC`GR@S 4 ;T;S $ =ER$S ; BS D

$GZg C=0V < S 7 V $ TE Â®

$GZg C=0V < S 7V $ TE Â¯

Annual Report 2012 / 2555

$GZg C@S 4 ;T:Z E $V + Â®

11 The Viriyah Insurance

IV EV D R = E R $S ; BS D

'5R$EEC$TE7EI+LO<

? T D7EI+LO<BTDb;

? T D$l T $S < $TE=1V < S 7V * T;

Ll T ;S $ $EEC$TE>[h +S 6 $TE ? T D<Z ' 'G $GZg C@S 4 ;T:Z E $V + ¯

$GZg C'I<'Z C

Annual Report 2012 / 2555

$GZg CL;S < L;Z ;

12 The Viriyah Insurance

IV EV D R = E R $S ; BS D

'5R$EEC$TE '5R$EEC$TE<EV M TE `GR'5R>[ < EV M TE '5R$EEC$TE =ER:T;'5R$EEC$TE ;T*OE@EE5 @*Jk @V @S 4 ; $EEC$TE ;T*LZ I @E 9O*:V I ;T*;*GS $ K5 LZ ; 9EIE ;TD7Z $ IV EV D R@S ; :Z ;TD@V + TE5 IV EV D R@S ; :Z ;TDOCE 9O*:V I ;TD$F7IV 9 D JEW @ LZ : T ;TD=ERLT; ;V G CT;S 7 7 ;TDLC-TD LI:T;Z B T@ $EEC$TEOV L ER ;TD+l T GO* _MEW D Â&#x2030;IV +V 7 E ;TD+*JS $ 6Vk M; O -[ _ I;TD$l T :E +S ; 9E`L* '5R$EEC$TE7EI+LO< =ER:T;'5R$EEC$TE ;TD+*JS $ 6Vk M; O -[ _ I$EEC$TE ;TDLC-TD LI:T;Z B T@ ;TD+l T GO* _MEW D Â&#x2030;IV +V 7 E

'5R$EEC$TE<EV M TE+S 6 $TE'ITC_LWg D * =ER:T;'5R$EEC$TE ;T*LZ BS 9 ET 9O*%TI $EEC$TE ;TD$l T :E +S ; 9E`L* ;TDLC@+; _+W D C@T;9O* ;TD=ERIV 7 E LZ % LS ; 7V LZ I EE5 ;TDIV Â&#x2030; [ OS * JZ ;V 7 D ;T*LTILZ : T9V @ D IE$Z G ;T*;Z - ;T8 = 5 3IS * $[ E ;T*LTI$T;6T IS 4 ;TDVg * LCLZ % ;TD$FK5 MV Â&#x2030; -W E R;S ; 9; ;TDOT+5E*' LZ + EV 7 I*JT;;9 '5R$EEC$TE@V+ TE5T$TEG*9Z; =ER:T;'5R$EEC$TE ;TD:*-S D +V E OG*$E5 $EEC$TE ;T*LTILZ : T9V @ D IE$Z G ;T*;Z - ;T8 = 5 3IS * $[ E '5R$EEC$TE@V+ TE5TES < =ER$S ; BS D =ER:T;'5R$EEC$TE ;TD=ERIV 7 E LZ % LS ; 7V LZ I EE5 $EEC$TE ;TDIV Â&#x2030; [ OS * JZ ;V 7 D ;T*BE:;T I*aE+; ;T*IV c G =EW - TBE5 ;TD$FK5 MV Â&#x2030; -W E R;S ; 9; ;TDLZ _ 9@ ET-OZ = ;S ; 9 ;T*LTI- O $TÂ&#x2030;+; CT$a,C Annual Report 2012 / 2555

13 The Viriyah Insurance

'5R$EEC$TE+S 6 $TE'Tg LV ; cMC96`9; =ER:T;'5R$EEC$TE ;TDLC@+; _+W D C@T;9O* $EEC$TE ;TD@E_9@ IS G GV a B6C ;T*LZ BS 9 ET 9O*%TI ;TDLZ E -S D IS * DTD,V C

'5R$EEC$TE<EV M TE =ER:T;'5R$EEC$TE<EV M TE ;TD+_E +Z3 TES 7 ;$ZG $EEC$TE<EV M TE ;T*LZ I @E 9O*:V I ;TD7Z $ IV EV D R@S ; :Z ;TD=ERLT; ;V G CT;S 7 7 ;TD$F7IV 9 D JEW @ LZ : T ;TD:*-S D +V E OG*$E5 _G%T;Z $ TE'5R$EEC$TE<EV M TE ;TD=ERIV 7 E LZ % LS ; 7V LZ I EE5 '5R9Wg = EX $ KT<EV KS 9 Q @G7l T EI+a9_> T c9D 9O*:V I ;TD=ERLT; ;V G CT;S 7 7 ;TD$F7IV 9 D JEW @ LZ : T ;TD<Z Â&#x2030; _GV J $Z J G_@Vg C @[ G ;TD-IES 7 ; OS K 0T;Z $Z G

IV EV D R = E R $S ; BS D

'5R>[<h EV M TE

;T*LZ I @E 9O*:V I Â¤$EEC$TE>[ +S 6 $TEÂ¥ Ll T ;S $ $EEC$TE>[h+S 6 $TE ;TDOCE 9O*:V I Â¤$EEC$TE>[ - I D$EEC$TE>[ +S 6 $TE `GR>[ +S 6 $TELl T ;S $ $EEC$TE>[ +S 6 $TEÂ¥ ? T D$l T $S < $TE=1V <S 7V * T; ;T*LZ BS 9 ET 9O*%TI Â¤EO*$EEC$TE>[ +S 6 $TE `GR>[ +S 6 $TE? T D$l T $S < $TE=1V <S 7V * T;Â¥ ? T D7EI+LO<BTDb; ;T*LTICS G GV $ T 77V D L8T@E Â¤>[ +S 6 $TE? T D7EI+LO<BTDb;Â¥ ? T D<Z ' 'G ;TDOT+5E*' LZ + EV 7 I*JT;;9 Â¤>[ +S 6 $TE? T D<Z ' 'GÂ¥ J[ ; D ? $ O<EC `GR@S 4 ;T;S $ =ER$S ; BS D 6EÂª;;9; ;S;9; <S I < < T;; Â¤>[ Ol T ;ID$TEJ[ ; D ? $ O<EC `GR@S 4 ;T;S $ =ER$S ; BS D Â¥

Annual Report 2012 / 2555

14 The Viriyah Insurance

IV EV D R = E R $S ; BS D

$GZCg =1V <S 7V $ TE ® ;TDOT;;9 aOBTL@V C G:EEC EO*$EEC$TE>[ +S 6 $TE¨ ES $ KT$TE>[ +S 6 $TE? T D@S 4 ;T:Z E $V + Êëê©Éëðëî `GRES $ KT$TE>[ +S 6 $TE? T DL;S < L;Z ; :Z E $V + Êëê©Éëðëî ;TDIV [ OS * JZ ;V 7 D >[ - I D$EEC$TE>[ +S 6 $TE `GRES $ KT$TE>[ +S 6 $TE? T DES < =ER$S ; BS D Êëê©Éëðëî 6 T ;E8D;7 ;T*BE:;T I*aE+; >[ - I D$EEC$TE>[ +S 6 $TE `GRES$ KT$TE>[ +S6 $TE? T DES < =ER$S ; BSD Êëê©Éëðëî 6 T ;=ER$S ; BSD 9T*9R_G ;T*IV c G =EW - TBE5 >[ - I D$EEC$TE>[ +S 6 $TE ;T*LTIIE;S ; 9 7V ; 7RaCER >[ +S 6 $TE? T DES < =ER$S ; BS D Êëê©Éëðëî 6 T ;9ES @ D LV ; `GR'ITCES < >V 6 ;TD_$EW D *c$E _OYh O aBJV 5 : >[ +S 6 $TE? T DLV ; cMC96`9; Êëê©Éëðëî 6 T ;9ES @ D LV ; `GR'ITCES < >V 6 >[ +S 6 $TE? T DES < =ER$S ; BS D Êëê©Éëðëî 6 T ;<Z ' 'G ;T*+V 7 7EW IS - ERLZ BS 9 E $GZCg =1V <S 7V $ TE ¯ ;TDLDC aEMV 7 _L8W D E ;TDLC@+; _+W D C@T;9O* ;TD@E_9@ IS G GV a B6C ;TD6G_6- LS + +IW E R$ZG ;T*LZ$S T JZB LCZ9 E ;TD=ERLV 9 :Vk LZ; R-[` L* ;TD_,GVC _$WD E7V 9O*7ET

EO*$EEC$TE>[+Sh 6 $TE `GR>[+Sh 6 $TE? T D=1V <S 7V $ TEBT' ¯ ¤BT'7RIS ; OO$¥ EO*$EEC$TE>[+h S 6 $TE `GR>[+h S 6 $TE? T D=1V <S 7V $ TEBT' ° ¤BT'$GT*`GRBT'7RIS ; 7$¥ >[-h gID$EEC$TE>[h+S6$TE `GR>[+Sh 6$TE? T D=1V<S7V$TEBT' ² ¤BT'$EZ * _9@Q¥ 6h T ;J[ ; Dk = 1V <S 7V $ TELV ; cMC96`9; >[-h Ig D$EEC$TE>[+h S 6 $TE `GR>[+h S 6 $TE? T D=1V <S 7V $ TEBT' ® ¤BT'7RIS ; OO$_,W D *_M;Y O ¥ `GRBT' ² ¤BT'$EZ * _9@Q¥ 6h T ;LT%T >[-h ID$EEC$TE>[ +Sh 6 $TE g >[+Sh 6 $TE? T D=1V <S 7V $ TEBT' ¤BT'_M;Y O ¥ >[+h S 6 $TE? T D=1V <S 7V $ TEBT' ± ¤BT'b7 ¥

Annual Report 2012 / 2555

15 The Viriyah Insurance

IV EV D R = E R $S ; BS D

$GZCg @S 4 ;T:Z E $V + Â® ;TD=ERIV 7 E LZ % LS ; 7V LZ I EE5 ;T*LTI- O $TÂ&#x2030;+; CT$a,C ;TDLZ _ 9@ ET-OZ = ;S ; 9 ;TD$FK5 MV Â&#x2030; -W E R;S ; 9; ;T*LTI$T;6T IS 4 ;TDVg * LCLZ % 6EÂª5@*J ;@_$7Z

EO*$EEC$TE>[ +S 6 $TE >[ +S 6 $TE? T D'5V 7 JTL7E = ER$S ; BS D >[ +S 6 $TE? T DES < =ER$S ; BS D E8D;7 >[ +S 6 $TE? T D$TE7GT6 >[ +S 6 $TE? T DLYg O LTEO*' $ E >[ +S 6 $TE? T DIV +S D `GRIT*`>;

$GZCg @S 4 ;T:Z E $V + Â¯ ;TDLC@+; _+W D C@T;9O* ;TDLZ E -S D IS * DTD,V C ;TD9;*JS $ 6Vk 8Vg ; JEW ; IG ;TDOBV - T7 OZ 6 CIE-T7V

EO*$EEC$TE>[ +S 6 $TE `GRES $ KT$TE>[ +S 6 $TE? T DLV ; cMC96`9; >[ +S 6 $TE? T DCT7E2T;ET'T`GR$TE+S 6 . O C >[ +S 6 $TE? T D7V 6 7TCE8MTD _EW D $E O *' T LV ; cMC96`9; `GRO;Z Â&#x2030; Ta77Z G T$TE >[ +S 6 $TE? T D$1MCTD

$GZCg 'I<'Z C ;TD:*-S D +VE OG*$E5 ;T*LTILZ :T9V @ D IE$ZG ;T*;Z- ;T8 = 5 3IS * $[E ;TD:EEC;[Â&#x2030; +V E R;BTES 7 ;

EO*$EEC$TE>[+Sh 6 $TE >[- h I D$EEC$TE>[+Sh 6 $TE `GRES $ KT$TE>[+Sh 6 $TE? T D<S Â&#x2030; -W >[h- I D$EEC$TE>[h+S 6 $TE `GRES $ KT$TE>[h+S 6 $TE? T D$TE_*V ; `GR$TEG*9Z; >[h+S 6 $TE? T D7V 6 7TCM;Wh LV ;

$GZCg L;S < L;Z ; ;T*LZ BS 9 ET 9O*%TI ;T*LZ C ;-T7V LV ; _O$_OWg D C

EO*$EEC$TE>[ +S 6 $TE `GRES $ KT$TE>[ +S 6 $TE? T DLTEL;_9J >[ +S 6 $TE? T DLl T ;S $ *T;

Annual Report 2012 / 2555

+EV D :EECb;$TE6l T _;V ; :Z E $V + <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¤CMT-;Â¥ CZ * CSg ; 6l T _;V ; :Z E $V + 7TCMGS $ +EV D :EEC9Wg 6W =1V <S 7V 7 TC$0MCTD `GR% O <S * 'S < %O*BT'ES 2 OD T *_'E * 'ES 6 <EV M TE*T;OD T *a=E * bL `GR_= ; :EEC$S < >[ CW L I ;c6 L I ;_LW D 9Z $ ? T D 6S * MGS $ b;$TE<EV M TE*T;%O*<EV KS 9 9Wg I T 'ITC_= ; :EEC 'Y O ;aD<TD

$TE9Wg _ ETE[ I TÂªÂªÂª

_= T MCTD%O*7;'Y O ORcE;Sh ; _= ; _EYg O *Ll T 'S Â&#x2030; `7 9Wg Ll T 'S Â&#x2030; $I T;Sh ; DS * OD[ 9Wg 7S I _ET_O* 7 O *CZ * M; T $ T Ic=L[ _= T MCTD9Wg 7Sh * cI

_Gf $ IV EV D R@S ; :Z

>[ $ O 7Sh * <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¤CMT-;Â¥

18 The Viriyah Insurance

IV EV D R = E R $S ; BS D

BT@EIC:Z E $V + =ER$S ; IV ; TJBS D = ¯²²² `GR`;Ia; C = ¯²²³ BT@EIC:Z E $V + =ER$S ; IV ; TJBS D = ¯²²² :Z E $V + =ER$S ; IV ; TJBS D b;= ®±±± 9Wg > T ;CTCW $ TE%DTD7S I OD T *a66_6 ; b;EO<MGTD9JIEEK 6 I D= + +S D L;S < L;Z ; MGS $ +T$CT7E$TE'Y ; BTKW E 8D;7 'S ; `E$%O*ES 2 <TG $TE_@Vg C %Xh ; %O*ETDc6 B T'=ER-T-;+T$$TE%Xh ; ' T + T * `E**T;%Sh ; 7lg T `GR_*V ; _6Y O ;% T ET-$TE ETDc6 9Wg _ @Vg C %Xh ; %O*_$K7E$E+T$ a'E*$TEES < +l T ;l T % T I =ER$O<$S < 'ITC7 O *$TE.Yh O =ER$S ; BS D 9Wg _ @Vg C %Xh ; %O* G[ $ ' T $GZ C aE**T;MEY O >[ = ER$O<$TE_OL_Of C OW `GR$GZ C =ER-T-;9Sg I c= _;Yg O *+T$c6 ES < <9_EW D ;+T$_M7Z $ TE5 OZ 9 $BS D b;- I *=GTD= ®±±° = + +S D 6S * $G T I9l T bM 7S I _G%OS 7 ET$TE_7V < a7%O*OZ 7 LTM$EEC=ER$S ; IV ; TJBS D b;= ®±±± _@Vg C L[ * %Xh ; 8X * E O DGR ®µ %DTD7S I OD T*a66_6 ;b;EO< MGTD9JIEEK a6D=ER_B9$TE=ER$S ; BS D 9Wg CW $ TE_7V < a7L[ * LZ 6 c6 ` $ $ TE =ER$S ; BS D 'ITC_LWg D *BS D 9ES @ D LV ; ¤ÅêàñïðîåÝè ½èè Îåïç¥ 9Wg E O DGR ³ª°¯

`;Ia;h C :Z E $V + =ER$S ; IV ; TJBS D = ¯²²³ 6 T ;9V J 9T*`GROS 7 ET$TE_7V < a7%O*:Z E $V + =ER$S ; IV ; TJBS D = ®±±² DS * '*CW `;Ia; C _7V < a7L[ * %Xh ; `7 b ;OS 7 ET9Wg - RGO7S I G* _;Yg O *+T$2T;_=EW D <_9W D < 9Wg L[ * b;= ®±±± `7 DS * '*CW = + +S D <I$+T$ OZ = L*' B TDb;=ER_9J_= ; MGS $ _- ; _6W D I$S < = 9Wg > T ;CT a6D_,@TROD T *DVg * 'IS ; MG*+T$CT7E$TE'Y ; BTKW E8D;7 'S ; `E$ .Xg * DS * '*CW $ TE9DODL * CO<E8D;7 O D T *7 O _;Yg O *+;8X * $GT*= ®±±² +T$% O C[ G %O*$ECLEE@LTCV 7 ETD*T;+l T ;I;>[ _ % T a'E*$TE 'Y ; BTKW E 8D;7 'S ; `E$+;8X * IS ; 9Wg ¯ :ª'ª ®±±± CW +l T ;I;9Sh * MC6 ª®³ G T ;'S ; `GR+RCW $ TEL * CO<E8b;=EV C T59Wg L[ * CT$b;- I *ERMI T *7 ; = 8X * $GT*= ®±±² 9l T bM :Z E $V + =ER$S ; IV ; TJBS D +RCW $ TE%DTD7S I OD T *7 O _;Yg O * 9Sh * C[ G ' T _<Wh D `GROS 7 ET$TE%DTD7S I %O*:Z E $V + .Xg * +T$L8V 7V 9Wg > T ;CT@<I T $I TE O DGR ±¬ %O*:ZE$V+=ER$S; IV ; TJBS D G I ;%DTD7S I CT+T$*T;=ER$S ; BSD E8D;7

Annual Report 2012 / 2555

19 The Viriyah Insurance

IV EV D R = E R $S ; BS D

;O$+T$;WhDS*CWCT7E$TE$ER7Z ; $TEb- + T DOYg ; e +T$BT'ES 2 OT9V $TE=ES< G6 BTKW _ *V ; c6 ;V 7V <Z ' 'G 9l T bM ' T6$TE5 I T OS 7 ET$TE_7V < a7%O*:Z E $V + =ER$S ; IV ; TJBS D = ®±±² ; T +R%DTD7S I =ERCT5E O DGR ± `GRCW _ <Wh D =ER$S ; BS D =ERCT5 ®ª® `L;G T ;<T9 %5R_6W D I$S ; DS * CW = + +S D _LWg D *BTDb;=ER_9JOW $ MGTD6 T ;9Wg :Z E $V + +l T _= ; 7 O *_7EW D C@E O CES < CY O _- ; $TE<EV M TE+S 6 $TE7 ; 9Z ; ' T `E* ' T ORcMG 9Wg _ @Vg C L[ * %Xh ; $TE<EV M TE+S 6 $TE'ITC_LWg D *BS D +T$$TEES < =ER$S ; BS D E8D;7 'S ; `E$ $TE_% T L[ _ $53 $ TE$l T $S < 6[ ` GBTDb7 $ EO< Î¾¿ OD T *_7f C E[ = `<< $TELE T *<Z ' GT$E9Wg CW ' ITC_-Wg D I-T _@Yg O EO*ES < $TE_= 6 _LEW B T'$TE_*V ; $TE=ER$S ; BS D 7TC$EO< ½Á¿ EIC8X * = MT'ITC%S 6 `D * 9T*$TE_CY O * 9Wg DS * '*OD[ b ;BTIR_=ETR<T* = + +S D _LWg D *6S * $G T I+X * _= ; 'ITC9 T 9TD9Wg :Z E $V + 7 O *<EV MTE+S6$TEOD T*CW=ERLV9 :V B T@ _@Yg OLE T *aO$TL `GR$TE_7V < a7bM $S < :Z E $V + OD T*7 O _;Yg O *

Annual Report 2012 / 2555

20 The Viriyah Insurance

IV EV D R = E R $S ; BS D

$TE6l T _;V ; *T; `GR'ITCLl T _Ef + b;= ¯²²² ®« 'EO*L I ;`< * 7GT6=ER$S ; IV ; TJBS D OS ; 6S < M;Xg * 7V 6 7 O $S ; _= ; = 9Wg ¯® a6Db;= ®±±± <EVKS9 Q CWC[G' T _<Wh D =ER$S; BS D ES< 7E*9Sh* LVh ; ®³¨µ´ G T ;<T9 _@VgC%Xh;+T$= $ O;M; TE ODGR ®´ª²¯ `GR'V6_= ;L I;`< *7GT6E ODGR ±ª±µ

¯« @S 4 ;T>GV 7 BS 5 3 = ER$S ; BS D bMC 9Wg _ MCTRLC$S < L8T;$TE5 `GR'ITC_LWg D *BS D %O*G[ $ ' T ¯«® =ER$S ; BS D E8D;7 ` <<@V _ JK ¯¨ ÂõñïÞ `GR °¨ ÂõñïÞ 'Z C 'EO* BS D ;lh T 9 I C +T$_M7Z $ TE5 OZ 9 $BS D b;= ®±±° .Xg * c6 L E T *'ITC_LW D MTD $S < E8D;7 _ = ; OD T *CT$ `GR=ER$S ; BS D 9Wg + R'Z C 'EO*BS D ;lh T 9 I CE8D;7 ;Sh ; +RCW_@WD*_,@TR=ER$S;BSDE8D;7 -Sh; <EVKS9Q 7ERM;S$8X*'ITC_6YO6E O;%O* =ER-T-;+T$_M7Z $ TE5 OZ 9 $BS D 6S * $G T I +X * @S 4 ;T>GV 7 BS 5 3 $ TE=ER$S ; BS D E8D;7 ` <<@V _ JK ®§ ÁôðîÝ `GR ¯§ ÁôðîÝ _@Vg C $TE'Z C 'EO*BS D ;lh T 9 I C %Xh ; CTa6D_,@TR _@Yg O bM >[ b - E 8CW 9 T*_GY O $b;$TE'Z C 'EO*E8D;7 + T$BS D ;lh T 9 I C_@Vg C %Xh ; b;ET'T9Wg = ERMDS 6 $I T =ER$S ; BS D E8D;7 -Sh ; ¯«¯ $EC:EEC = ER$S ; BS D 'ITCES < >V 6 `<<ER<Z BS D OS ; _;Yg O *CT+T$$TE 7V 6 7Sh * MEY O . O C`.C-Z 6 OZ = $E5 7V 6 7Sh * 8S * `$ L +T$BTIRET'T;lh T CS ; 9Wg = ES < 7S I L[ * %Xh ; OD T *7 O _;Yg O * 9l T bM >[ b - E 8D;7 +l T ;I;CT$MS ; CTb- @ GS * *T; 9T*_GY O $OYg ; _@Yg O 96`9;$TEb- ;lh T CS ; _@Yg O - I DG6BTER' T b- + T D6 T ; ' T ;lh T CS ; `GR$TE7V 6 7Sh * `$ L b;E8D;7 +S 6 _= ; @GS * *T;9T*_GY O $9Wg c 6 ES < 'ITC;VDC+T$>[ b- E8D;7 _@VgCCT$%Xh;OD T*7 O_;YgO* OD T *cE$f 7 TC_M7Z $ TE5 $TEER_<V 6 « cAcMC OS ; _;Yg O *CT+T$$TE7V 6 7Sh * OZ = $E5 $ TEb- ` $ L _= ; @GS * *T;Ll T MES < E8D;7 9l T bM >[ b - E 8CW ' ITCMIT6$GS I BS D OS ; 7ETD+T$$TE 7V 6 7Sh * 8S * `$ L <EV KS 9 Q +X * c6 @S 4 ;T$EC:EEC = ER$S ; BS D 'ITCES < >V 6 `<<

Annual Report 2012 / 2555

21 The Viriyah Insurance

IV EV D R = E R $S ; BS D

ER<Z BS D OS ; _;Yg O *CT+T$$TE7V 6 7Sh * MEY O . O C`.C -Z 6 OZ = $E5 7V 6 7Sh * 8S * `$ L _@Yg O LE T *'ITCCSg ; b+bM ` $ _ + T %O*E8D;7 9Wg 7V 6 7Sh * 8S * `$ L I T +Rc6 ES < 'ITC'Z C 'EO*+T$<EV KS 9 Q MT$_$V 6 'ITC_LW D MTD%Xh ;

Â°Â« _@Vg C +l T ;I;LT%T `GRJ[ ; D < EV $ TELV ; cMC 6 I D_+7;TECD 9Wg 7 O *$TEbM G[ $ ' T IV EV D R=ER$S ; BS D 9Z $ 9 T ;c6 ES < $TE<EV $ TE 9Wg L R6I$ EI6_Ef I CW 'Z 5 BT@ <EV KS 9 Q +X * CW ; aD<TDOD T *-S 6 _+;b;$TE_@Vg C +l T ;I;LT%T`GRJ[ ; D < EV $ TELV ; cMCbM ' EO<'GZ C 9Z $ @Yh ; 9Wg Ll T 'S Â&#x2030; 9Sg I =ER_9J _@Yg O bM G[ $ ' T LTCTE8_% T8X * <EV $ TEc6 * TD LR6I$ EI6_Ef I = + +Z <S ; IV EV D R=ER$S ; BS D _= ; <EV KS 9 =ER$S ; IV ; TJBS D 9Wg CW +l T ;I;LT%T`GRJ[ ; D < EV $ TE CT$_= ; OS ; 6S < M;Xg * %O*=ER_9J +l T ;I;9Sh * LVh ; ÂÂ¯Â `M * $ER+TD'EO<'GZ C @Yh ; 9Wg Â²Â± +S * MIS 6 9Sg I =ER_9J a6Db;= Â®Â±Â±Â± 9Wg > T ;CT <EV KS 9 Q _= 6 LT%T `GRJ[ ; D < EV $ TELV ; cMCQ _@Vg C +l T ;I; Â³ `M * 6S * ;Wh _%7$EZ * _9@Q `GR=EV C 53G Âª LT%TD O D_6ORCOGG < T*$R= _G%9Wg Â¯Â±Â®Â® OT'TEJ[ ; D $ TE' T _6ORCOGG < T*$R= -Sh ; Â® 8;;GT6@E T I `%I*'GO*+Sg ; _%7<T*$R= $EZ * _9@Q ÂÂ¬Â®Â°Â¬ Âª

LT%TD O D:S Â&#x2030; Â&#x2030;R@TE ' _G%9Wg Â³Â¯Â±Â«Â OT'TE:S Â&#x2030; Â&#x2030;R-f O == * @TE ' -Sh ; Â® 8;;JEW ; 'EV ; 9E `%I*LI;MGI* _%7LI;MGI* $EZ * _9@Q ÂÂ¬Â®Â±Â¬

Annual Report 2012 / 2555

22 The Viriyah Insurance

IV EV D R = E R $S ; BS D

_%77g T*+S * MIS 6 Âª LT%TD O D _6ORCOGG a'ET- _G%9Wg ÂÂ®Â°Â®Â«Â® OT'TEJ[ ; D $ TE' T _6ORCOGG a 'ET -Sh ; Â 8;;CV 7 EBT@ 7l T <Gb;_CY O * Ol T _BO_CY O * +S * MIS 6 ;'EET-LW C T Â¯Â¬Â¬Â¬Â¬ Âª LT%T_,@TR_@Yg O <EV $ TELV ; cMC96`9; -Z C `@ _G%9Wg Â Â²Â³Â¨ÂÂ²Â³Â«Â MC[ Â 8;;CRGV IS G D 7l T <GM;O*c> Ol T _BO-Z C `@ +S * MIS 6 %O;`$ ; Â°Â¬ÂÂ¯Â¬ Âª J[ ; D < EV $ TELV ; cMC96`9; `C EV C _G%9Wg Â®Â±ÂµÂ«Â³Â©Â´ MC[ Â 8;;`C EV C Â©LS ; 9ETD 7l T <GEV C b7 Ol T _BO`C EV C +S * MIS 6 _-W D *bMC Â±Â¬ÂÂ´Â¬ Âª J[ ; D < EV $ TELV ; cMC96`9; LER`$ I _G%9Wg Â³Â®Â«ÂÂ©Â® 8;;LZ I EE5JE 7l T <GLER`$ I Ol T _BO_CY O * +S * MIS 6 LER`$ I Â®Â³Â¬Â¬Â¬ Âª LT%T_,@TR_@Yg O <EV $ TELV ; cMC96`9; 9Z * L* _G%9Wg Â®Â¬Â¨ Â®Â¬Â«Â®Â©Â¯ 8;;< T ;b;MIS * 7l T <G=T$`@E$ Ol T _BO9Z * L* +S * MIS 6 ;'EJEW : EECET- Â´Â¬ÂÂÂ¬

Â±Â« c6 ES< ET*IS G<EVKS 9=ER$S ; IV; TJBSD 9Wg CW $TE<EV M TE*T;6W_6 ; +T$Ll T ;S $ *T;'5R$EEC$TE$l T $S < `GRL * _LEV C $TE=ER$O<:Z E $V + =ER$S ; BS D Â¥'=BÂ«Â¦ = Â®Â±Â±Â± ;S < _= ; = ` M * 'ITCBT'B[ CV b +%O*<EV KS 9 Q 9Wg c 6 ES < CO<ET*IS G OS ; 9E*_$W D E7V + T$ '=BÂª

Annual Report 2012 / 2555

23 The Viriyah Insurance

IV EV D R = E R $S ; BS D

²« _@VgC %W 6 'ITCLTCTE8%O*ER<<*T; Âª¾äâëàö <EV KS 9 Q c6 = ES < =EZ * _@Vg C _7V C %W 6 'ITCLTCTE8%O*ER<<*T; Á©½ãáêßõ MEY O ER<<*T;ES < =ER$S ; 9Wg < EV KS 9 Q @S 4 ;T%Xh ; a6D_,@TR_@Yg O - I DL;S < L;Z ; $TE9l T *T;%O*7S I `9;bM CW =ERLV 9 :V B T@ G T LZ 6 b;= 9Wg > T ;CT<EV KS 9 Q c6 =ES < =EZ * ER<<*T; Á©½ãáêßõ a6D_@Vg C 'Z 5 LC<S 7V $ TE9l T *T;b;6 T ;7 T *e bM CW ' ITCLR6I$ `GR'G O *7S I CT$%Xh ;

Annual Report 2012 / 2555

24 IV EV D R = E R $S ; BS D

The Viriyah Insurance

BT@EIC >G$TE6l T _;V ; *T; Â®Â« LIg ;`<*g 7GT6 `GR_<WhD =ER$S ; BS D ES < 7E*EIC9Z$ =ER_B9

Lg I ;`<g * 7GT6_<Wh D =ER$S ; BS D ES < a6D7E*EIC9Z $ =ER_B9 = Â®Â±Â±Â± Â¤$g O ;=ES < =EZ * Â¥ IV E V D R=ER$S ; BS D 'EO* L g I ;`<g *$TE7GT6OS ; 6S < Â <EV K S 9 OS ; 6S < Â® <EV K S 9 OS ; 6S < Â¯ <EV K S 9 OS ; 6S < Â° <EV K S 9 OS ; 6S < Â± <EV K S 9 OYg ; e Â¤Â²Â¬ <EV K S 9 Â¥

_<Wh D =ER$S ; BS D ES < a6D7E* EIC9Z $ =ER_B9$TE=ER$S ; BS D <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¤CMT-;Â¥ = Â®Â±Â±ÂÂ©Â®Â±Â±Â± Â¤$g O ;=ES < =EZ * Â¥ Â®Â±Â±Â

ÂÂ²Â¨ÂÂ±Âµ

Â®Â±Â±Â®

ÂÂ³Â¨Â°Â³Â´

Â®Â±Â±Â¯

Â®Â¬Â¨Â®Â¬Â±

Â®Â±Â±Â± Â®Â±Â±Â°

Â®Â³Â¨ÂµÂ´Â

Â®ÂÂ¨Â³Â±Â¯

M; I D Â¶ G T ;<T9 9Wg C TÂ¶ L I ;IV +S D `GRL8V 7V J[ ; D L TEL;_9J Ll T ;S $ *T;'5R$EEC$TE$l T $S < `GRL * _LEV C $TE=ER$O<:Z E $V + =ER$S ; BS D Annual Report 2012 / 2555

25 IV EV D R = E R $S ; BS D

The Viriyah Insurance

Â¯Â« LIg ;`<*g 7GT6 `GR_<WhD =ER$S ; BS D E8D;7k

Lg I;`<g *7GT6_<Wh D =ER$S ; BS D E8D;7k = Â®Â±Â±Â± Â¤$g O ;=ES < =EZ * Â¥

IV E V D R=ER$S ; BS D 'EO* L g I ;`<g *$TE7GT6OS ; 6S < Â <EV K S 9 OS ; 6S < Â® <EV K S 9 OS ; 6S < Â¯ <EV K S 9 OS ; 6S < Â° <EV K S 9 OS ; 6S < Â± <EV K S 9 OYg ; e Â¤Â²Â¬ <EV K S 9 Â¥

_<Wh D =ER$S ; BS D ES < 7E*E8D;7k <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¤CMT-;Â¥ = Â®Â±Â±ÂÂ©Â®Â±Â±Â± Â¤$g O ;=ES < =EZ * Â¥ Â®Â±Â±Â

ÂÂ±Â¨ÂÂµÂ´

Â®Â±Â±Â®

ÂÂ²Â¨Â®Â´Â

Â®Â±Â±Â¯

ÂÂ´Â¨Â±ÂµÂ³

Â®Â±Â±Â°

Â®Â±Â±Â±

Â®Â±Â¨Â±Â°Â²

ÂÂµÂ¨ÂµÂ²Â

M; I D Â¶ G T ;<T9 9Wg C TÂ¶ L I ;IV +S D `GRL8V 7V J[ ; D L TEL;_9J Ll T ;S $ *T;'5R$EEC$TE$l T $S < `GRL * _LEV C $TE=ER$O<:Z E $V + =ER$S ; BS D Annual Report 2012 / 2555

26 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â°Â« LS 6 Lg I ;_<Wh D =ER$S ; BS D ES < 7E*%O*<EV KS 9 Q b;EO< Â± = Â¤M; I D Â¶ G T ;<T9Â¥

= Â¯Â²Â²Â¯ =ER_B9 $TEES<=ER$S;BSD

E8D;7 OS''WBSD BSD9T*9R_G`GR%;L * _<f6_7Gf6 EIC

= Â¯Â²Â²Â°

= Â¯Â²Â²Â±

= Â¯Â²Â²Â²

_<WhD=ER$S;BSD LS6L I;$TE _<WhD=ER$S;BSD LS6L I;$TE _<WhD=ER$S;BSD LS6L I;$TE _<WhD=ER$S;BSD LS6L I;$TE ES<7E* ES<=ER$S; ES<7E* ES<=ER$S; ES<7E* ES<=ER$S; ES<7E* ES<=ER$S; ÂÂ²Â¨Â®Â´ÂÂªÂ¯Â± ÂµÂ¯ÂªÂÂ±Â¡ Â®Â¯ÂÂªÂ±Â² ÂÂªÂ¯Â®Â¡ Â´Â°ÂªÂ±Â± Â¬ÂªÂ°Â´Â¡ Â´Â´ÂÂªÂ®Â± Â±ÂªÂ¬Â°Â¡ ÂÂ³Â¨Â°Â³Â´ÂªÂ³Â ÂÂ¬Â¬ÂªÂ¬Â¬Â¡

Â¬ÂªÂ²ÂÂ¡ Â¬ÂªÂ´Â²Â¡ Â³ÂªÂ®Â¯Â¡ ÂµÂÂªÂ¯Â¬Â¡

LS 6 Lg I;_<WhD =ER$S ; BS D ES < 7E*%O*<EV KS 9 = Â®Â±Â±Â±

E8D;7 _<f6 _7Gf6 OS ' 'W BS D BS D 9T*9R_G`GR%;L *

Annual Report 2012 / 2555

ÂµÂÂªÂ¯Â¬Â¡ Â³ÂªÂ®Â¯Â¡ Â¬ÂªÂ´Â²Â¡ Â¬ÂªÂ²ÂÂ¡

27 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â±Â« 2T;R9T*$TE_*V ; `GRBT@EIC>G$TE6l T _;V ; *T; 5 Â°Â® :S ; IT'C Â¯Â²Â²Â² <EV KS 9 IV EV DR=ER$S;BS D +lT$S 6 Â¤CMT-;Â¥ CW 'ITCCSg ; '* `%f * `$E * 6 T ;2T;R9T*$TE_*V ; 6 I D9Z ; +69R_<W D ;C[ G' T Â®Â¨Â¬Â¬Â¬ G T ;<T9 LV ; 9ES @ D E IC Â°Â®Â¨Â³Â²Â¯ G T;<T9 _*V;$O*9Z; Â®Â¬Â¨Â´Â³Â³ G T ;<T9 _*V ; $O*9Z ; 9Wg 7 O*6l T E*7TC$0MCTD Â´Â¨Â°Â¬Â¬ G T ;<T9 `GROS 7ETL I; _*V ; $O*9Z ; 7 O _*V ; $O*9Z ; 9Wg 7 O *6l T E*7TC$0MCTD Â®Â°ÂµÂ¡ $l T cELl T MES < =

Â®Â±Â±Â± Â®Â¨Â°ÂÂ¯

Â®Â±Â±Â® ÂÂ¨Â¯Â±Â

Â®Â±Â±Â¯ ÂÂ¨Â°Â±Â±

$l T cELRLC Â¤DS * cC c 6h +S 6 LEEÂ¥

Â®Â±Â±Â° ÂÂ¨Â°Â®Â´

Â®Â±Â±Â

ÂÂ¬Â°

Â©ÂÂ´Â¯

M; I D Â¶ G T ;<T9

2T;R$TE_*V; 5 Â°Â® :S;IT'C Â¯Â²Â²Â²

Â®Â±Â±Â® ÂÂ¨ÂÂ²Â´

Â®Â±Â±Â¯ Â®Â¨Â³Â°Âµ

Â®Â±Â±Â°

Â®Â±Â±Â± Â²Â¨Â®Â°Â±

Â¯Â¨ÂµÂ±Â®

M; I D Â¶ G T ;<T9 Â¤M; I D Â¶ G T ;<T9Â¥

LV;9ES@D EIC M;WhLV;EIC L I;%O*>[ 8YOMZ ; _*V;$O*9Z;

Â°Â®Â¨Â³Â²Â¯ Â®Â°Â¨ÂÂ´Â² ÂÂ´Â¨Â±Â³Â² Â®Â¬Â¨Â´Â³Â³

BT@EIC>G=ER$O<$TE = Â¯Â²Â²Â² _<WhD=ER$S;BSDES<7E* _<WhD=ER$S;BSDES<LZ9:V ETDc6 _<WhD=ER$S;BSDLZ9:V ' Tb- + TDb;$TEES<=ER$S;BSD ' Tb- + TDb;$TE6lT_;V;*T; $lTcE Â¤%T69Z;Â¥ +T$$TEES<=ER$S;BSD ETDc6 +T$$TEG*9Z;LZ9:V $lTcE Â¤%T69Z;Â¥ +T$_*V;G*9Z; $lTcE Â¤%T69Z;Â¥ +T$$TE6lT_;V;*T; $lTcE Â¤%T69Z;Â¥ $ O;BTKW_*V;c6 BTKW_*V;c6 $lTcE Â¤%T69Z;Â¥ LZ9:V

Â¤M; I D Â¶ G T ;<T9Â¥

28 The Viriyah Insurance

IV EV D R = E R $S ; BS D

'EO*L I ;`< * 7GT6OS ; 6S < Â® 7 O _;Yg O *$I T Â¯Â® =

;S < `7 = @ÂªJÂª Â®Â±Â¯Â± _= ; 7 ; CT <EV KS 9 Q 'EO*L I ;`< * 7GT6=ER$S ; IV ; TJBS D OS ; 6S < M;Xg * CTa6D7GO6+I<+;= + +Z <S ; ;S < _= ; ERDR_IGT$I T Â®Â = a6D b;= Â®Â±Â±Â± <EVKS9Q DS*LTCTE8'EO*L I;`< *7GT6OS;6S<M;Xg*9WgE ODGR ÂÂ±ÂªÂ±Âµ `L6*bM _ Mf ; 8X * $TE7O<ES < `GRL;S < L;Z ; OD T *6W + T$G[ $ ' T 9Sg I =ER_9J

2T;R9T*$TE_*V ; 9Wg CSg ; '*

<EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¤CMT-;Â¥ CSg ; '*6 I D+l T ;I;9Z ; +69R_<W D ; Â® Â¨ Â¬Â¬Â¬ G T ;<T9 Â¤-l T ER_7f C C[ G ' T Â¥ LV ; 9ES @ D E IC Â°Â® Â¨ Â³Â²Â¯ G T ;<T9 `GR _*V ; $O*9Z ; 5 Â¯Â :Âª'Âª Â®Â±Â±Â± C[ G ' T Â®Â¬ Â¨ Â´Â³Â³ G T ;<T9

6l T _;V ; :Z E $V + <;@Yh ; 2T;%O*+EV D :EEC `GR'Z 5 :EEC9Wg 6W

;S < _= ; ERDR_IGTDTI;T;$I T Â²Â² = 9Wg < EV KS 9 Q LSg * LC=ERL<$TE5 6 T;$TE=ER$S;BSD+;CW-YgO_LWD*_= ;9WgDOCES< c6 ES<'ITC_-YgO8YO `GRcI IT*b+ +T$G[ $ ' T '[ ' T `GR7S I `9;9Sg I =ER_9J 9Sh * b;6 T ;'Z 5 BT@$TE<EV $ TE 'ITC'Z C'EO*9Wg'Z C' T $TE6lT_;V;*T;9Wg a =E * bL DX 6 MGS $ 'ITC_= ; :EEC 'Y O ;aD<TD CTOD T *7 O _;Yg O * CZ * CSg ; 9l T M; T 9Wg - I D$ER+TD'ITC_LWg D * bM $S < ';b;LS * 'C 6 I D'ITC.Yg O LS 7 D 7E*c=7E*CT 'l T ;X * 8X * =ERaD-; % O* 9Z $ ? T D _@Yg O +Z 6 MCTDbM LS * 'Cc9D_+EV Â&#x2030; $ T IM; T OD T *CSg ; '* <;ET$2T; $TE=ER$S ; BS D 9Wg ` %f * `$E *

+l T ;I;LT%T `GRJ[ ; D < EV $ TECT$_= ; OS ; 6S < M;Xg *

<EV KS 9 Q LE T *'ITCCSg ; b+bM $S < G[ $ ' T IV EV D R=ER$S ; BS D 6 I D+l T ;I;J[ ; D Q `GRLT%TQ 9Wg C T$_= ; OS ; 6S < M;Xg * %O*=ER_9J $I T ÂÂ¯Â `M * 'EO<'GZ C @Yh;9WgLlT'SÂ&#x2030;$I T Â²Â± +S*MIS6 9SgI=ER_9J `GR+RDS*'*_6V;M; T%DTDJ[;D <EV$TE _@Vg C %Xh ; OD T *7 O _;Yg O *9Z $ = _@Yg O bM G[ $ ' T c6 ES < $TE<EV $ TE9Wg L R6I$ EI6_Ef I `GR9Sg I 8X * Annual Report 2012 / 2555

29 The Viriyah Insurance

IV EV D R = E R $S ; BS D

'Z 5 BT@*T;. O CE89Wg I T*b+c6 +T$J[ ; D . O CCT7E2T; IV EV D R=ER$S ; BS D $I T `M *9Sg I =ER_9J

J[ ; D . O CCT7E2T;IV EV D R=ER$S ; BS D 9Z $ `M * > T ;$TE'S 6 _GY O $ $GSg ; $EO* `GR7EI+LO<'Z 5 BT@OD T *_% C *I6 _= ; =ER+l T 9Z $ = 9Sh * 6 T ;'Z 5 BT@ *T;. O C 'ITC@E O C%O*_'EYg O*CY O OZ = $E5 ORcMG `GR_9'a;aGDW -Sh ; L[* 7 T*e 9Wg b - b ;*T;. O CE8D;7 EIC8X* CT7E2T;$TEbM < EV $ TE 9l T bM J[; D . OC 9Z $ `M * 9Wg c 6 ES < $TE%Xh ; = T DbM _ = ; J[ ; D . O CCT7E2T;IV EV D R=ER$S ; BS D c6 ES < 'ITC_-Yg O 8Y O `GRcI I T*b++T$G[ $ ' T CTOD T *7 O _;Yg O * LE T *'ITCCSg ; b+ bM $S < G[ $ ' T c6 I TE89Z $ 'S ; 9Wg > T;$TE. OC a6DJ[ ; D . OCCT7E2T; IV EV D R=ER$S ; BS D +Rc6 ES < `7 > G*T;. O C'Z 5 BT@_DWg D C _9W D <_9 T $TE. O C +T$J[;D . O CM T* MEYO J[;D . OC%O*>[ ` 9;+l T M; T DE8D;7 @E OCOZ ; b+$I T 6 I D$TEES < =ER$S ; 'Z 5 BT@*T;. O C

$TE<EV $ TE9Wg L R6I$EI6_Ef I 6 I D<EV $ TE Â¯Â± -Sg I aC* +T$J[ ; D G[ $ ' T LS C @S ; : IV EV D R=ER$S ; BS D

J[ ; D G[ $ ' T LS C @S ; : IV EV D R=ER$S ; BS D bM < EV $ TEES < `+ * OZ <S 7V _ M7Z `GRLO<8TC <EV $ TE=ER$S ; BS D 9Z $ IS ; 7GO6 Â®Â° -Sg I aC* > T ;LTD6 I ; MCTD_G% ÂÂ±Â±Â³ LR6I$ EI6_Ef I cC 7 O *EOLTD 6 I D+l T ;I;'[ L TD $I T Â²Â¬ '[ L TD bM < EV $ TE 'E<I*+E 7Sh*`7 $TEES<`+ *OZ<S7V_M7Z <EV$TE7O<'lT8TC6 T;$TE9lT=ER$S;BSD `GR*T;LV ; cMC7 T *e <EV $ TE7EI+LO<% O C[ G `GR7V 6 7TC*T;. O C EIC8X * <EV $ TEES < 'l T 7V - Cb;$TEbM < EV $ TE

Annual Report 2012 / 2555

30 The Viriyah Insurance

IV EV D R = E R $S ; BS D

c6 ES < $TEDOCES < OD T *$I T *%IT* 6 I DET*IS G +T$L8T<S ; 7 T *e CT$CTD9Sh * b;`GR7 T *=ER_9J

ET*IS G ÑåÞæéÞëá ð Êìðñ ¾áêæïâá ¿ïÞëá

MEY O <EV KS 9 =ER$S ; BS D DO6;V D COS ; 6S < M;Xg * %O*=ER_9J 7V 6 7 O $S ; µ = ¤ ®¬¬° © ®¬® ¥ a6D;V 7 DLTE ¾îÝêà½ãá

ET*IS G ÆëðòïÞëàâ ÀìêíÞëö ìã ñåâ ÖâÞï

MEY O ET*IS G <EV KS 9 =ER$S ; BS D DO6_DWg D C`M * = %O*=ER_9Jc9D a6D;V 7 DLTE Óëîèà ÂåêÝêßá =ER_9JOS * $FK _= ; = 9Wg ¯ ¤= ®¬¬µ¨ = ®¬ `GR = ®¬® ¥

ET*IS G ÆëñâïëÞñæìëÞé ÐñÞï ¾ôÞïá ãìï ÎòÞéæñö

7V 6 7 O $S ; ® = ¤ ®¬ `GR ®¬® ¥ 9Sh * b;ER6S < Ãëèà `GR ÌèÝðåêñé +T$L8T<S ; ¾ñïåêáïï ÅêåðåÝðåòá Àåîáßðåëêï ¤¾ªÅªÀ¥ `M * =ER_9JL_=; CO<`$ O *' $ E9Wg CW $ TE@S 4 ;T'Z 5 BT@O*' $ E'E<9Z $ 6 T ;OD T *7 O _;Yg O *

Annual Report 2012 / 2555

31 The Viriyah Insurance

IV EV D R = E R $S ; BS D

ET*IS G Ñåâ ¿âðñ ÆëðòïÞëàâ ÀìêíÞëö

7 O _;Yg O *_= ; = 9Wg µ ¤= ®¬¬° © ®¬® ¥ +T$*T; ¾Ýêãçëç ÅêðáîêÝðåëêÝè Éëðëî Ïäëó +S 6 a6D <EV KS 9 $ES * 6 = EW . OV ; _7OE _ ;-Sg ; `;G +l T $S 6 CO<bM $S < <EV KS 9 =ER$S ; BS D E8D;7 9Wg c 6 ES < $TE'S 6 _GY O $+T$'5R$EEC$TE+T$ MGT$MGTDL8T<S ; OT9V L CT'CIV J I$EECDT;D;7 ` M * =ER_9Jc9D LCT'C >[ LYg O % T IE8D;7 `GRE8+S $ EDT;D;7 c 9D¨ ET-DT;D;7 ` M * =ER_9Jc9D _= ; 7 ;

ET*IS G Íïæêâ Êæëæðñâï ð ÏìÞá ÐÞãâñö ¾ôÞïá

+T$ Q@5Q 9 T ;;TD$ES 2 C;7EW CO<bM _ = ; _$W D E7V + T$$TE9l T $V + $EEC _@Yg O LT:TE5=ERaD-; 6 T ;$TEE5E*' G 6OZ <S 7V BS D <;9 O *8;; >G+T$$TE 9Wg < EV KS 9 Q EV _ EVg C `GRE5E*' 9l T $V + $EECG6OZ <S 7V BS D <;9 O *8;;OD T *+EV * +S * `GR7 O _;Yg O *CTa6D7GO6 ;l T c=L[ $ TE+Z 6 =ER$TDbM B T'ES 2 7ERM;S $ 8X * 'ITCLl T 'S `GR>GS $ 6S ; bM $ TEG6OZ <S 7V BS D <;9 O *8;;_% T L[ $ TE_= ; ITER `M * -T7V 9Wg 9Z $ ? T D7 O *E I CCY O $S ; E5E*' ` GR6l T _;V ; $TEOD T *+EV * +S * _@Yg O G6OZ <S 7V BS D <;9 O *8;;bM ; O DG*

Annual Report 2012 / 2555

'ITCES < >V 6 -O<7 O LS * 'C IV EV D R=ER$S ; BS D bL b +7 O 9Z $ e $V + $EEC9Wg 9l T _@Yg O LS * 'CL I ;EIC a6D_,@TR6 T ;$TE@S 4 ;T'Z 5 BT@-W IV 7 'ITC_= ; OD[ % O*';b;LS * 'C _@Yg O L * _LEV C 'ITCCSg ; '*`GR'ITC=GO6BS D b;-W IV 7 `GR9ES @ D LV ; bM $S < =ER-T-;

LVg * 9Wg b - = ER_CV ; 'Z 5 ' T %O*-W IV 7 ;Sh ;

CV b - O TDZ %S D MT$c6 ` $ 'Z 5[ = $TE .Xg * 8X * 'ETI9Wg 9 T ;G I *GS < c=`G I >[ OYg ; 8X * E[ I T _= ; $TEL[ Â&#x2030; _LW D %;T6cM;

_Gf $ IV EV D R@S ; :Z >[ $ O 7Sh * <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¤CMT-;Â¥

34 The Viriyah Insurance

IV EV D R = E R $S ; BS D

$V + $EEC _@Yg O LS * 'C $V + $EEC ÀÐÏ %O*O*' $ E LZ% 9WgbM ««« IV EV DR=ER$S;BSD _@YgOLS* 'Cc9D <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 ¤CMT-;¥ 'Y O O*' $ E:Z E $V + =ER$S ; BS D 9Wg _ = D C c=6 I DLl T ;X $ LT:TE5R ¤ÌñÞèåß Éåêà¥ ;O$_M;Y O +T$'ITCCZ * CSg ; b;$TE 9l T M; T 9Wg L E T *'ITCCSg ; '*=GO6BS D b;-W IV 7 `GR9ES @ D LV ; `$ = ER-T-; `GR LS * 'Cc9D`G I <EV KS 9 Q DS * DX 6 CSg ; b;OZ 6 C$TE5 ` M * $TE`< * = ; `GR LE T*LEE' =ERaD-; `$ LS*'Cc9D6 ID$V+$EEC`GRa'E*$TELT:TE5=ERaD-; _@Yg O LS * 'Cc9DOD T *+EV * +S * `GR7 O _;Yg O * 6S * _+7;TEC5 >[ $ O 7Sh * 9Wg I T u Ë ³ ¹ ¤ µ ¾ ¸Æ ® «² ¢ ¶Æ ¶ ¨m ³ Â¢m Á m ¾ ¸Æ ® ¬¨² ¬³ ¤±À£ q « m ¨ À £Â¢m « Á ¦ ¤± m ® «² ¢ ¹ ¤ µ ¶Æ ¶ n ® ¢¶ Ë ³ Â¤ ¿ m n ® ¢¶ ® ¾ n ® ¢¶ ¹ ¤¤¢ n ® Â n ¤±À£ q ¿¦±Â¢m ¾ ®³¤² ¾®³¾ ¤¶ £ ² v

_Gf $ IV EV D R@S ; :Z

>[ $ O 7Sh * <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 ¤CMT-;¥

;O$+T$$TE;l T _L;O<EV $ TE6 T ;$TEES < =ER$S ; IV ; TJBS D 9Wg ' E<I*+E`G I <EV KS 9 Q DS * 7ERM;S $ 8X * 'ITC_= ; L I ;M;Xg * %O*LS * 'Cc9D9Wg 7 O *E I C6[ ` G _OTb+bL `GR7O<`9; a6DbM 'ITCLl T'S $S<_EYgO*%O*$TE`L6*'ITCES<>V6-O< 7 O LS * 'COD T *7 O _;Yg O * a6D_,@TR9Wg _ $Wg D I$S < $TE@S 4 ;T'Z 5 BT@-W IV 7 `GR 'ITC_= ; OD[ %O*';b;LS * 'C _@Yg O LE T *'ITCCSg ; '*=GO6BS D b;-W IV 7 `GR 9ES@D LV; <EVKS9Q +X*c6 +S6$V+$EEC7 T*e _@YgOLS*'COD T*7 O_;YgO*`GR_@VgC%Xh; 9Z$= a6DbM $TEL;S<L;Z; `GR+S6$V+$EEC_@YgOLS*'Cb;9Z$E[=`<< _@YgOCZ *MIS* bM ' ;c9DCW E R6S < 'Z 5 BT@-W IV 7 9Wg 6W DVg * %Xh ; @E O Ce $S < 'ITC_+EV $ T IM; T `GR 'ITCDSg * DY ; %O*LS * 'C`M * 'ITC_OYh O _A O b;E[ = `<<%O*';c9DLY < c=

Annual Report 2012 / 2555

35 The Viriyah Insurance

IV EV D R = E R $S ; BS D

LlTMES<$V+$EEC`GRa'E*$TE7 T*e 9Wg<EVKS9Q 6lT_;V;CTOD T*7 O_;YgO*;Sh; 'EO<'GZC b;9Z$e 6 T; OT9V 6 T;'ITC=GO6BSD 6 T;$TEJX$KT 6 T;$TEO;ZES$K LVg*`I6G OC 6 T;$TE`@9D `GRLT:TE5LZ% `GR6 T;OYg;e a6DCWETDGR_OWD6 6S*;Wh

6 T ;G6OZ <S 7V BS D

$TEE5E*' _EYgO*G6OZ<S7VBSD<;9 O*8;; ;S<_= ;2T;ET$%O**T;6 T;$V+$EEC_@YgO LS*'C9Wg<EVKS9Q bM 'ITCLl T'SÂ&#x2030;`GR6lT_;V;$TECTOD T*7 O_;YgO* 6 ID7ERM;S$8X* 'ITCEZ;`E*`GR'ITCL[Â&#x2030;_LWDOS;_;YgO*CT+T$OZ<S7VBSD<;9 O*8;; ;S<`7 = Â®Â±Â°Â _= ;7 ;CT <EVKS9Q c6 E ICCYO$S<BT'ES2 BT'_O$-;7GO6+;O*' $EOVLER c6 `$ $EC$TE%;L *9T*<$ $O*<S*'S<$TE7lTEI++ET+E C[G;V:V_CTcC %S< _= ;7 ; +S6$V+$EEC `GRa'E*$TEE5E*' _-V*EZ$7 T*e _@YgO=GZ$+V7LlT;X$ `GR$ER7Z ;_7YO;bM 9Z$'; b;LS * 'C7ERM;S $ 8X * 'ITC=GO6BS D b;$TEb- E 8b- 8 ;; ;S < _= ; 'ITCBT'B[ CV b + %O*<EVKS9Q OD T*DVg*_CYgOES2<TG_Mf;'ITCLlT'SÂ&#x2030; `GR>GS$6S;bM _EYgO*'ITC=GO6BSD <;9 O*8;;_= ;ITER`M *-T7V a6Da'E*$TELlT'SÂ&#x2030;e 9Wg<EVKS9Q _= ;>[ EV_EVgC`GR 6l T _;V ; $TEOD T *7 O _;Yg O *9Z $ = OT9V a'E*$TEO<EC_LEV C 'ITCE[ b M ` $ >[ % OES < b<O;ZÂ&#x2030;T7%S<E8D;7 Â¤'ITCE[ c6 AEWb<%S<%Wgc6 @E OCÂ¥Â¨ a'E*$TE= ;;lhTb+- ID_MGYO E8+O6_LWDb;9T*Â¨ a'E*$TE7EI+E8$ O;b- =GO6BSD`; ;O;Â¨ a'E*$TEG[$7lTEI+ MSI`%f*Â¨ a'E*$TEES$ISIbM >[$ ES$G[$bM LICMCI$$S;;fO'Â¨ E5E*' _'GYgO;9Wg_@YgO = O*$S;`GRG6OZ<S7V_M7Z- I*_9J$TG= bMC `GRL*$ET;7

6 T ;$TEJX $ KT

OW $ M;Xg * 'ITC7Sh * b+%O*<EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¤CMT-;Â¥ 9Wg 7 O *$TE _= ; L I ;M;Xg * %O*LS * 'Cc9D9Wg c 6 CW L I ;E I CL * _LEV C `GRL;S < L;Z ; bM _ DTI-; c6 ES < aO$TL9T*$TEJX $ KT OW $ 9Sh * DS * _= ; $TELE T *%IS Â&#x2030; `GR$l T GS * b+7GO6+; _= ; $TE_@Vg C JS $ DBT@`GR%W 6 'ITCLTCTE8b;6 T ;7 T *e %O*_DTI-; OS ; +R L * >GbM _ DTI-;CW ' ITC$G T 'V 6 $G T 9l T $G T `L6*OO$ `GRcC +l T $S 6 'ITCE[

Annual Report 2012 / 2555

36 The Viriyah Insurance

IV EV D R = E R $S ; BS D

OD[ b;_,@TRM O*_EWD; 6 IDMGT$MGTDa'E*$TE9Wg<EVKS9Q LE T*LEE' %Xh; cC I T +R_= ; a'E*$TE $ªc$ bL 7[ ¨ CO<9Z ; $TEJX $ KT7TCa'E*$TE$TELO<`% * %S ; '5V7JTL7E =ER+lT = ¨ CO<9Z;$TEJX$KTbM $S<<Z7E% TET-$TE7lTEI+9Wg_LWD-WIV7 +T$$TE=1V<S7VM; T9Wg¨ a'E*$TELT;? ;= ;;lhTb++T$@WgL[ ; O*¨ a'E*$TELT;? ; = ; ;lh T b+ ÅÐ L[ _ 6f $ `GR-Z C -;< T ;E O *$G T

6 T ;$TEO;Z ES $ K LVg * `I6G O C

b;2T;RO*' $ E_O$-;.Xg * _= ; L I ;M;Xg * %O*LS * 'Cc9D ;O$+T$+RbM ' ITC Ll T 'S $S < $TE@S 4 ;T'Z 5 BT@-W IV 7 `GR'ITC_= ; OD[ % O*';b;LS * 'C _@Yg O LE T * 'ITCCSg ; '* =GO6BS D b;-W IV 7 `GR9ES @ D LV ; `G I OW $ LVg * M;Xg * 9Wg < EV KS 9 Q _; ; Dlh T `GR6l T _;V ; $TEOD T *+EV * +S * _LCOCT 'Y O $TE=G[ $ +V 7 Ll T ;X $ bM 9Z $ ';b;LS * 'C CW L I ;E I Cb;$TE6[ ` G O;Z ES $ K LVg * Ì6G O C _EVg C 7 ; +T$@;S $ *T;b;O*' $ E > T;a'E*$TEIVEVDR+V7OTLT 6 ID'ITCE ICÈ*E ICb+%O*@;S$*T;9Z$BT'L I; BTDb;O*' $E `L6*_+7+lT;*' 9Wg + R_% T E I Cb;$V + $EEC_@Yg OES$ KTLVg * Ì6G OC %O*<EVKS9Q OD T*7 O_;YgO* OT9V 7TCEOD@ O ´¬ @EEKT=I*=ER-TE ICb+BS$6Vk ES$K LVg*Ì6G OC A ;9R_Gc9D 'Y;ER<<;V_IJ 6 ID$TE=G[$=R$TES*¨ +S6@VC@ M;S*LYO ±¬ IV:W OD[ $S<aG$E O;¨ a'E*$TELE T*?TD =G[$= T ES$KT7 ;;lhT`C = *¨ =G[ $ = T -TD_G;_,GV C @ER_$W D E7V @ER<T9LC_6f + @ER_+ T OD[ MS I _= ; 7 ;

6 T ;$TE`@9D ` GRLT:TE5LZ %

6 ID7ERM;S$8X*'Z5BT@-WIV79Wg6W%O*';c9D9Z$'; <EVKS9 IVEVDR=ER$S;BSD +lT$S6 ¤CMT-;¥ +X*bM $TEL;S<L;Z;$TE6lT_;V;*T;`GR$V+$EEC7 T*e %O*M; ID*T; 9T*$TE`@9D ` GRLT:TE5LZ % OD T *7 O _;Yg O * 9Sh * ;Wh 6 I D7 O *$TE_Mf ; ';c9D 9Z $ ';CW LZ % BT@E T *$TD`GRLZ % BT@+V 7 b+9Wg ` %f * `E*LC<[ E 5 cC I T +R_= ; L;S < L;Z ; $TE6l T _;V ; *T;`GR$V + $EEC7 T *e %O*C[ G ;V :V a E'7S < ¨ a'E*$TE J[ ; D L * _LEV C LT:TE5LZ % C[ G 2T;=ER+l T MC[ < T ;¨ L;S < L;Z ; $TE+S 6 .Yh O _'EYg O *$EO*;lh T b;-Z C -; Annual Report 2012 / 2555

37 The Viriyah Insurance

IV EV D R = E R $S ; BS D

6 T ;OYg ; e

;O$+T$a'E*$TE9Wg $ G T ICT% T *7 ; <EV KS 9 Q DS * CW L I ;E I Cb;$V + $EEC_@Yg O LS * 'C7 T *e OW $ CT$CTD EIC8X * $TE<EV + T'_*V ; _@Yg O $TELT:TE5R=ERaD-; .Xg * $TE$l T M;6$GDZ 9 : % O*$V + $EEC_@Yg O LS * 'C%O*<EV KS 9 Q ;Sh ; CZ * _; ; 9W g 'ITC7 O *$TE%O*LS * 'C`GR_= T MCTD9T*:Z E $V + =ER$O<$S ; _@Yg O bM _ $V 6 =ERaD-; ` GR'Z 5 ' T OD T *`9 + EV * 9Sh * 7 O LS * 'C`GRO*' $ E +R_Mf ; c6 I T $V + $EEC_@Yg O LS * 'C%O*<EV KS 9 Q cC c 6 _ = ; _@W D *`' $V + $EEC 9Wg +S 6 %Xh ; _@Yg O `L6*bM E[ I T _ETES < >V 6 -O<7 O G[ $ ' T _9 T ;Sh ; `7 DS * CO*c=8X * 'ITCES < >V 6 -O<7 O LS * 'CL I ;EIC ,R;Sh ; $TEG*9Z ; _@Yg O LS * 'C8X * `C + RIS 6 ' T MEY O IS 6 >G7O<`9;9Wg _ = ; 7S I _G%cC c 6 `7 L TCTE8<O$$G T I O:V < TD8X * 'ITCLl T 'S Â&#x2030; 'ITC+l T _= ; bM $S < 9Z $ ';c6 _ % T b+I T LVg * 9Wg 9l T ;Sh ; CW 'Z 5 ' T `GR _= ; =ERaD-; 7 O LS * 'COD T *cE 6S * ;Sh ; 'ITCLl T _Ef + b;:Z E $V + `GR$TEDOCES < b;IS ; ;Wh G I ;CT+T$IV LS D 9S J ; ` GR;aD<TD%O*>[ < EV M TE9Sh * LVh ; 9Wg c C _ @W D *`7 CZ * @S 4 ;T:Z E $V + _@W D *OD T *_6W D I`7 DS * bM ' ITCLl T 'S Â&#x2030; `GR6[ ` GES < >V 6 -O< LS * 'C'I<'[ OW $ 9T*M;Xg * 6 I D

Annual Report 2012 / 2555

38 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Annual Report 2012 / 2555

The Viriyah Insurance

IV EV D R = E R $S ; BS D

*<$TE_*V ;

Annual Report 2012 / 2555

40 The Viriyah Insurance

IV EV D R = E R $S ; BS D

ETD*T; '5R$EEC$TE7EI+LO< _EW D ; 9 T ;>[ 8Y O MZ ; <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¥CMT-;Â¦ '5R$EEC$TE7EI+LO< =ER$O<6 I D$EEC$TE%O*<EV KS 9 Q Â¯ 9 T ; 'Y O ;TD+*JS $ 6Vk M; O -[ _ I- $EEC$TEOV L ER6l T E*7l T `M; * =ER:T;$EEC$TE 7EI+LO< ;TD+l T GO* _MEW D Â&#x2030;IV +V 7 E $EEC$TEOV L ER6l T E*7l T `M; * $EEC$TE 7EI+LO< `GR;TDLC-TD LI:T;Z B T@ $EEC$TE<EV KS 9 Q 6l T E*7l T `M; * $EEC$TE7EI+LO< '5R$EEC$TE7EI+LO<c6 = 1V <S 7V M ; T 9Wg 7 TC%O<_%79Wg ' 5R$EEC$TE<EV KS 9 Q c6 C O<MCTDbM $l T $S < 6[ ` G7TC$0<S 7 E%O*'5R$EEC$TE7EI+LO<a6D b;= Â®Â±Â±Â± '5R$EEC$TE7EI+LO< CW $ TE=ER-Z C E I C$S < >[ < EV M TE? T D 7EI+LO<BTDb; `GR>[ L O<<S Â&#x2030; -W b ;_EYg O *9Wg _ $Wg D I% O *EIC ÂÂ¯ 'ESh *

'5R$EEC$TE7EI+LO<%OETD*T;$TE=1V<S7VM; T9Wgb;EO<= Â¯Â²Â²Â² 6S * ;Wh ÂÂª LO<9T;*<$TE_*V ; ETDc7ECTL`GRETD*T;$TE_*V ; =ER+l T = @V + TE5T LO<9T;*<$TE_*V ; %O*<EV KS 9 Q E I C$S < >[ < EV M TE ? T D7EI+LO<BTDb; `GR >[ L O<<S Â&#x2030; -W _@Yg O bM CSg ; b+I T *<$TE_*V ; %O*<EV KS 9 Q c6 +S 6 9l T %Xh ; OD T *8[ $ 7 O * 7TC'IEb;LTERLl T 'S Â&#x2030; 7TCMGS $ $TE<S Â&#x2030; -W 9Wg ES < EO*9Sg I c= `GRCW $ TE_= 6 _>D % O C[ G OD T *_@W D *@O 'E<8 I ; `GR_-Yg O 8Y O c6 Â®Âª LO<9T;ER<<$TE'I<'Z C BTDb; ETD*T;$TE7EI+LO<BTDb; `;I9T* $TE<EV M TE'ITC_LWg D *`GR'ITC'Y < M; T %O*$TE<EV M TE'ITC_LWg D *ER6S < O*' $ E _@Yg O =ER_CV ; 'ITC_@W D *@O_MCTRLC `GR=ERLV 9 :V B T@%O*ER<< $TE'I<'Z C BTDb; $TE<EV M TE'ITC_LWg D * `GR_@Yg O bM CSg ; b+I T CW $ TE=1V <S 7V 7TC$0MCTD Â¯Âª @V + TE5TETD$TE9Wg _ $Wg D IaD*$S ; MEY O ETD$TE9Wg O T+CW ' ITC%S 6 `D * 9T* >G=ERaD-; '5R$EEC$TE7EI+LO<CW'ITC_Mf;I T ETD$TE6S*$G TI9Z$ETD$TE _= ; ETD$TE9Wg L C_M7Z L C>G `GR_= ; =ERaD-; L[ * LZ 6 7 O $TE6l T _;V ; :Z E $V + %O*<EVKS9Q EIC9Sh *CW $TE_= 6 _>D% OC[ GOD T *8[ $ 7 O*`GR'E<8 I ; Annual Report 2012 / 2555

41 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â°Âª @V + TE5T=ER_CV ; >G$TE=1V <S 7V * T;%O*'5R$EEC$TE7EI+LO<a6DEIC `GRETD<Z ' 'G`GR9<9I;$0<S 7 E'5R$EEC$TE7EI+LO< _@Yg O bM CSg ; b+I T $TE=1V <S 7V M ; T 9Wg % O*'5R$EEC$TE7EI+LO<'E<8 I ;7TC9Wg E R<Z c I b ; $0<S 7 E'5R$EEC$TE7EI+LO< `GRCW > G$TE=1V <S 7V * T;9Wg L O6'G O *$S < `;I9T*=1V <S 7V 9Wg 6W Â±Âª @V + TE5T'S 6 _GY O $ _L;O`7 * 7Sh * `GR' T 7O<`9;>[ L O<<S Â&#x2030; -W '5R$EEC$TE7EI+LO<c6 = ER_CV ; >G$TE=1V <S 7V * T;%O*>[ L O<<S Â&#x2030; -W b ;= 9Wg > T ;CT .Xg * >G_= ; 9Wg @ Ob+ `GRc6 @V + TE5T'ITC_= ; OV L ER%O*>[ L O<<S Â&#x2030; -W $S < LO<9T;'Z 5 LC<S 7V % O*>[ L O<<S Â&#x2030; -W ` G I _Mf ; I T 8[ $ 7 O *7TCMGS $ _$53 Ll T ;S $ *T;'5R$EEC$TE$l T $S < `GRL * _LEV C $TE=ER$O<:Z E $V + =ER$S ; BS D '5R$EEC$TE7EI+LO<BTDb;c6 _ L;O7 O '5R$EEC$TE<EV KS 9 Q `7 * 7Sh * >[ L O<<S Â&#x2030; -W + T$<EV KS 9 _'@W _ Of C +W B[ CV c -D LO<<S Â&#x2030; -W +l T $S 6 _= ; >[ L O<<S Â&#x2030; -W %O*<EV KS 9 Q Ll T MES < = Â®Â±Â±Â² @E O C9Sh * ' T 7O<`9;%O*>[ L O<<S Â&#x2030; -W _@Yg O _L;O 7 O 9Wg = ER-Z C LTCS Â&#x2030; >[ 8Y O MZ ; O;Z CS 7V 7 O c= '5R$EEC$TE7EI+LO< @V+TE5T`G I_Mf;I T ETD*T;9T*$TE_*V;%O*<EVKS9Q CW$TE`L6*% O_9f++EV*b;L I;9Wg_= ;LTERLlT'SÂ&#x2030;'E<8 I;8[$7 O*7TCCT7E2T; $TE<SÂ&#x2030;-W CWER<<$TE'I<'ZCBTDb;9WgCW=ERLV9:VBT@_@WD*@O cC CW% O<$@E O* OD T*_= ;LTERLlT'SÂ&#x2030; CW$TE<EVMTE+S6$TE'ITC_LWgD*OD T*_MCTRLC CW $ TE=1V <S 7V 7TC$0MCTD`GRCW$TE=1V<S7V*T;9WgLO6'G O*$S<ER<<$TE$lT$S<6[`G$V+$TE9Wg6W

Â¥;TD+*JS $6Vk M; O-[_I-Â¦ =ER:T;$EEC$TE7EI+LO<

Annual Report 2012 / 2555

42 The Viriyah Insurance

IV EV D R = E R $S ; BS D

ETD*T; %O*>[h L O<<S Â&#x2030; -W E S < O;Z Â&#x2030; T7 _L;O >[ 8Y O MZ ; <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¥CMT-;Â¦ Â¥_6V C -Yg O <EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¦ % T @_+ T c6 7 EI+LO<*<$TE_*V ; %O*<EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¤CMT-;Â¥ .Xg * =ER$O<6 I D*<`L6*2T;R$TE_*V ; 5 IS ; 9Wg Â¯Â :S ; IT'C Â®Â±Â±Â± *<$l T cE%T69Z ; _<f 6 _LEf + *<`L6*$TE_=GWg D ;`=G*L I ;%O*>[ 8Y O MZ ; `GR *<$ER`L_*V ; L6 Ll T MES < = LVh ; LZ 6 IS ; _6W D I$S ; EIC8X * MCTD_M7Z L EZ = ;aD<TD $TE<S Â&#x2030; -W 9Wg Ll T 'S Â&#x2030; `GRMCTD_M7Z _ EYg O *OYg ; e

'ITCES < >V 6 -O<%O*>[ < EV M TE7 O *<$TE_*V ;

>[ < EV M TE_= ; >[ ES < >V 6 -O<b;$TE+S 6 9l T `GR$TE;l T _L;O*<$TE_*V ; _MG T ;Wh a6D8[ $ 7 O *7TC9Wg ' IE7TCCT7E2T;$TEETD*T;9T*$TE_*V ; `GRES < >V 6 -O< _$Wg D I$S < $TE'I<'Z C BTDb;9Wg >[ < EV M TE@V + TE5TI T +l T _= ; _@Yg O bM L TCTE8 +S 6 9l T *<$TE_*V ; 9Wg = ETJ+T$$TE`L6*% O C[ G 9Wg %S 6 7 O % O _9f + +EV * OS ; _= ; LTERLl T 'S Â&#x2030; cC I T +R_$V 6 +T$$TE9Z + EV 7 MEY O % O >V 6 @GT6

'ITCES < >V 6 -O<%O*>[ L O<<S Â&#x2030; -W

% T @_+ T _= ; >[ ES < >V 6 -O<b;$TE`L6*'ITC_Mf ; 7 O *<$TE_*V ; 6S * $G T I +T$>G$TE7EI+LO<%O*% T @_+ T % T @_+ T c6 = 1V <S 7V * T;7EI+LO<7TC CT7E2T;$TELO<<S Â&#x2030; -W .Xg * $l T M;6bM % T @_+ T =1V <S 7V 7 TC% O $l T M;66 T ; +EEDT<EE5 EIC8X * IT*`>;`GR=1V <S 7V * T;7EI+LO<_@Yg O bM c 6 ' ITC _-Yg O CSg ; OD T *LC_M7Z L C>GI T *<$TE_*V ; =ETJ+T$$TE`L6*% O C[ G 9Wg %S 6 7 O % O _9f + +EV * OS ; _= ; LTERLl T 'S Â&#x2030; MEY O cC $TE7EI+LO<EIC8X * $TEb- IV :W $ TE7EI+LO<_@Yg O bM c 6 C T.Xg * MGS $ 2T;$TE LO<<S Â&#x2030; -W _ $Wg D I$S < +l T ;I;_*V ; `GR$TE_= 6 _>D% O C[ G b;*<$TE_*V ; IV :W $ TE 7EI+LO<9Wg _ GY O $b- %Xh ; OD[ $S < 6Z G D@V ;V + %O*>[ L O<<S Â&#x2030; -W .Xg * EIC8X * $TE Annual Report 2012 / 2555

43 The Viriyah Insurance

IV EV D R = E R $S ; BS D

=ER_CV ; 'ITC_LWg D *+T$$TE`L6*% OC[ G9Wg %S6 7 O% O_9f+ +EV* OS ; _= ; LTERLl T 'SÂ&#x2030; %O**<$TE_*V ; cC I T +R_$V 6 +T$$TE9Z + EV 7 MEY O % O >V 6 @GT6 b;$TE=ER_CV ; 'ITC_LWg D *6S * $G T I >[ L O<<S Â&#x2030; -W @V + TE5T$TE'I<'Z C BTDb;9Wg _ $Wg D I% O *$S < $TE+S 6 9l T `GR$TE;l T _L;O*<$TE_*V ; a6D8[ $ 7 O *7TC9Wg ' IE%O*$V + $TE _@Yg O OO$`<<IV :W $ TE7EI+LO<9Wg _ MCTRLC$S < L8T;$TE5 `7 c C b - _ @Yg O IS 7 8Z = ERL*' b ;$TE`L6*'ITC_Mf ; 7 O =ERLV 9 :V > G%O*$TE'I<'Z C BTDb; %O*$V + $TE $TE7EI+LO<EIC8X * $TE=ER_CV ; 'ITC_MCTRLC%O*;aD<TD $TE<S Â&#x2030; -W 9Wg >[ < EV M TEb- ` GR'ITCLC_M7Z L C>G%O*=ERCT5$TE9T*<S Â&#x2030; -W 9Wg +S 6 9l T %Xh ; a6D>[ < EV M TE EIC9Sh * $TE=ER_CV ; $TE;l T _L;O*<$TE_*V ; a6DEIC % T @_+ T _-Yg O I T MGS $ 2T;$TELO<<S Â&#x2030; -W 9Wg % T @_+ T c6 ES < _@W D *@O`GR_MCTRLC _@Yg O b- _ = ; _$53 b ;$TE`L6*'ITC_Mf ; %O*% T @_+ T

'ITC_Mf ;

% T @_+ T _Mf ; I T *<$TE_*V ; % T *7 ; ;Wh ` L6*2T;R$TE_*V ; %O*<EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 Â¤CMT-;Â¥ 5 IS ; 9Wg Â¯Â :S ; IT'C Â®Â±Â±Â± >G$TE 6l T _;V ; *T; `GR$ER`L_*V ; L6Ll T MES < = LVh ; LZ 6 IS ; _6W D I$S ; a6D8[ $ 7 O * 7TC9Wg ' IEb;LTERLl T 'S Â&#x2030; 7TCCT7E2T;$TEETD*T;9T*$TE_*V ;

Â¥@EE59V @ D $ZGLS ; 7V:lTE*' Â¦ >[ L O<<S Â&#x2030; -W ES < O;Z Â&#x2030; T7 _G%9R_<W D ; Â°Â®Â¬Â´

<EV KS 9 _'@W _ Of C +W B[ CV c -D LO<<S Â&#x2030; -W +l T $S 6 $EZ * _9@CMT;'E Â®Â´ CW ; T'C Â®Â±Â±Â²

Annual Report 2012 / 2555

44 The Viriyah Insurance

IV EV D R = E R $S ; BS D

<EVKS 9 IVE VD R=ER$S ;BSD +lT $S 6 Â¥CMT-;Â¦ Â¥_6VC-YgO <EVK S9 IVE V D R=ER$S ;BSD +lT $S 6 Â¦

*<`L6*2T;R$TE_*V ; 5 IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â² `GR Â¯Â²Â²Â±

LV;9ES@D _*V ; L6`GRETD$TE_9W D <_9 T _*V ; L6 ETDc6 + T$$TEG*9Z ; ' T *ES < _<Wh D =ER$S ; BS D ' T *ES < G[ $ M;Wh ` GRLV ; 9ES @ D + T$$TE=ER$S ; BS D 7 O LV ; 9ES @ D G *9Z ; _*V ; G*9Z ; b;MGS $ 9ES @ D _*V ; G*9Z ; _@Yg O ' T _*V ; G*9Z ; _>Yg O %TD _*V ; G*9Z ; 9Wg + R8Y O +;'E<$l T M;6 _*V ; G*9Z ; 9Sg I c= _*V ; bM $[ DY C 9Wg 6V ; OT'TE`GROZ = $E5 LV ; 9ES @ D c C CW 7S I 7; LV ; 9ES @ D OYg ; EICLV ; 9ES @ D

Â¤<T9Â¥

MCTD_M7Z

Â¯Â²Â²Â²

Â¯Â²Â²Â±

Â±

Â²Â¨ Â®Â´ Â³ Â´Â¨ Â®Âµ

Âµ ÂÂ¬Â¨ Â®Â´ ÂÂ ÂÂ®Â¨ ÂÂ¯

MCTD_M7Z = ER$O<*<$TE_*V ; _= ; L I ;M;Xg * %O**<$TE_*V ; ;Wh Â¤`L6*b;.W 6W E OCÂ¥ Annual Report 2012 / 2555

45 The Viriyah Insurance

IV EV D R = E R $S ; BS D

<EVKS 9 IVE VDR=ER$S;BS D +lT $S 6 Â¥CMT-;Â¦ Â¥_6VC-YgO <EV KS 9 IV E VD R=ER$S ;BS D +lT $S6 Â¦

*<`L6*2T;R$TE_*V ; 5 IS;9Wg Â°Â® :S ;IT'C Â¯Â²Â²Â² `GR Â¯Â²Â²Â±

M;WhLV;`GRL I;%O*>[ 8YOMZ ; M;WhLV; BTKW_*V;c6 ' T*+ TD _+ TM;Wh<EVKS9=ER$S;BSD7 O M;WhLV;+T$LSÂ&#x2030;Â&#x2030;T=ER$S;BSD LlTEO*' TLV;cMC96`9;`GR' TLV;cMC96`9;' T*+ TD LlTEO*_<WhD=ER$S;BSD BTER>[$@S;>G=ERaD-; @;S$*T; M;WhLV;OYg; EICM;WhLV; L I;%O*>[ 8YOMZ ; 9Z;_EYO;MZ ; 9Z;+69R_<WD; 9Z;9WgOO$`GR-lTER`G I $lTcELRLC +S6LEE`G I 9Z;LlTEO*7TC$0MCTD 9Z;LlTEO*OYg; DS*cC c6 +S6LEE O*' =ER$O<OYg;%O*L I;%O*>[ 8YOMZ ; >G7 T*+T$$TE_=GWgD;`=G*b;C[G' TDZ7V:EEC %O*_*V;G*9Z;_>YgO%TD EICL I;%O*>[ 8YOMZ ; EICM;WhLV;`GRL I;%O*>[ 8YOMZ ;

Â¤<T9Â¥

MCTD_M7Z

Â¯Â²Â²Â²

Â¯Â²Â²Â±

ÂÂ°

Â¯Â¯Â³Â¨ÂµÂ±Â±Â¨ÂÂ¯Âµ ÂÂ¬Â®Â¨Â²Â¯Â¬Â¨Â±Â²Â´

Â© ÂÂ¬ÂµÂ¨ÂÂ°Â°Â¨Â¬Â¬Â´

Â®Â¬ Â®Â¬

Â®Â¬

ÂÂ± ÂÂ² ÂÂ³ ÂÂ´

ÂÂµ

MCTD_M7Z = ER$O<*<$TE_*V ; _= ; L I ;M;Xg * %O**<$TE_*V ; ;Wh Â¤`L6*b;.W 6W E OCÂ¥ Annual Report 2012 / 2555

46 The Viriyah Insurance

IV EV D R = E R $S ; BS D

<EVKS 9 IVE VD R=ER$S ;BSD +lT $S 6 Â¥CMT-;Â¦ Â¥_6VC-YgO <EVK S9 IVE V D R=ER$S ;BSD +lT $S 6 Â¦

*<$l T cE%T69Z ; _<f 6 _LEf + Ll TMES<= LVh;LZ6IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â² `GR Â¯Â²Â²Â±

MCTD_M7Z Â®Â® ETDc6 Â®Â´ ETDc6 _<WhD=ER$S;BSDLZ9:V ETDc6 ' T+ T*`GR' T<lT_M;f+ EICETDc6 Â®Â® ' Tb- + TD $TEES<=ER$S;BSD ' TLV;cMC96`9; ' TLV;cMC96`9;`GR' Tb- + TDb;$TE+S6$TE ÂÂ³Â¨ Â®Â° LV;cMC96`9; ' T+ T*`GR' T<lT_M;f+ ÂÂ³Â¨ Â®Â° ' Tb- + TDb;$TEES<=ER$S;BSDOYg; ÂÂ³Â¨ Â®Â¯Â¨ Â®Â°Â¨ Â®Â´ ' Tb- + TDb;$TE6lT_;V;*T; EIC' Tb- + TD $lTcE Â¤%T69Z;Â¥ +T$$TEES<=ER$S;BSD ETDc6 +T$$TEG*9Z;LZ9:V $lTcE Â¤%T69Z;Â¥ +T$_*V;G*9Z; $lTcE+T$$TE=ES<C[G' TDZ7V:EEC ETDc6 OYg; ' Tb- + TDOYg; $lTcE+T$$TE6lT_;V;*T;

MCTD_M7Z = ER$O<*<$TE_*V ; _= ; L I ;M;Xg * %O**<$TE_*V ; ;Wh Â¤`L6*b;.W 6W E OCÂ¥ Annual Report 2012 / 2555

Â¯Â²Â²Â²

Â¤<T9Â¥ Â¯Â²Â²Â±

Â¯Â¨ÂÂÂ³Â¨Â´ÂµÂ´Â¨Â±ÂÂ®

ÂÂ¨Â²Â³Â¯Â¨Â°Â²Â¯Â¨Â¬Â±Â®

47 The Viriyah Insurance

IV EV D R = E R $S ; BS D

<EVKS 9 IVE VDR=ER$S;BS D +lT $S 6 Â¥CMT-;Â¦ Â¥_6VC-YgO <EV KS 9 IV E VD R=ER$S ;BS D +lT $S6 Â¦

*<$l T cE%T69Z ; _<f 6 _LEf + Ll TMES<= LVh;LZ6IS ;9Wg Â°Â® :S ;IT'C Â¯Â²Â²Â² `GR Â¯Â²Â²Â±

Â¯Â²Â²Â²

Â¤<T9Â¥ Â¯Â²Â²Â±

Â®Â±

Â¯Â¨ÂµÂÂ²Â¨ÂÂ¯Â¯Â¨Â¯Â¬Â°

Â®Â¨Â³Â´Â³Â¨Â³Â´Â´Â¨Â¯Â±Â²

$lTcE%T69Z;_<f6_LEf+OYg;LlTMES<=

Â¯Â¨ÂµÂÂ²Â¨ÂÂ¯Â¯Â¨Â¯Â¬Â°

Â®Â¨Â³Â´Â³Â¨Â³Â´Â´Â¨Â¯Â±Â²

$lTcE%T69Z;_<f6_LEf+EICLlTMES<=

Â²Â¨Â¯Â®ÂµÂ¨Â³Â¬Â±Â¨Â²Â®Â³

Â°Â¨Â®ÂÂ±Â¨Â´Â®Â¯Â¨ÂÂÂ²

ÂÂ®Â²ÂªÂ³Â¬

Â´Â°ÂªÂ¬Â¬

MCTD_M7Z _*V;LC9<LlT;S$*T;'5R$EEC$TE$lT$S< `GRL *_LEVC$TE=ER$O<:ZE$V+=ER$S;BSD _*V;LC9<$O*9Z;=ER$S;IV;TJBSD _*V;LC9<$O*9Z;96`9;>[ =ERL<BSD $lTcE$ O;BTKW_*V;c6 BTKW_*V;c6 $lTcELlTMES<= $lTcE%T69Z;_<f6_LEf+OYg; $TE_=GWgD;`=G*b;C[G' TDZ7V:EECLZ9:V %O*_*V;G*9Z;_>YgO%TD

$lTcE7 OMZ ;%Sh;@Yh;2T;

Â®Â²

MCTD_M7Z = ER$O<*<$TE_*V ; _= ; L I ;M;Xg * %O**<$TE_*V ; ;Wh Â¤`L6*b;.W 6W E OCÂ¥ Annual Report 2012 / 2555

Annual Report 2012 / 2555

Â©

Â© Â© Â© Â®Â¨Â³Â®Â°Â¨Â¬Â¬Â¬

Â©

Â© Â© Â© ÂÂ¨Â³Â¬Â¬Â¨Â¬Â¬Â¬Â¨Â¬Â¬Â¬

MCTD_M7Z = ER$O<*<$TE_*V ; _= ; L I ;M;Xg * %O**<$TE_*V ; ;Wh Â¤`L6*b;.W 6W E OCÂ¥

DO6'*_MGYO 5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â°

Â®Â¨Â³Â®Â°Â¨Â¬Â¬Â¬

ÂÂ¨Â³Â¬Â¬Â¨Â¬Â¬Â¬Â¨Â¬Â¬Â¬

9Z;LlTEO*7TC $0MCTD

Â©

ÂÂ¨Â¬Â³Â¬Â¨Â¬Â¬Â¬ Â¯Â¨ÂµÂ±Â®Â¨Â²Â¬Â®Â¨ÂµÂ¬Â°

Â© ÂÂ¨Â°Â®Â´Â¨Â¬Â¯Â°Â¨Â³Â²Â¬

Â©

Â© ÂÂ¨Â°Â®Â´Â¨Â¬Â¯Â°Â¨Â³Â²Â¬

ÂÂ¨Â¬Â³Â¬Â¨Â¬Â¬Â¬ Â®Â¨Â±Â®Â°Â¨Â±Â²Â´Â¨ÂÂ°Â°

9Z;LlTEO*OYg;

Â©

Â© ÂÂ¨Â°Â®Â´Â¨Â¬Â¯Â°Â¨Â³Â²Â¬

EICL I;%O* >[ 8YOMZ ;

Â¤<T9Â¥

The Viriyah Insurance

EIC$lTcE%T69Z;_<f6_LEf+LlTMES<=

LlTMES<= LVh;LZ6IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â° DO6'*_MGYO 5 IS;9Wg Â C$ET'C Â®Â±Â±Â° $lTcE%T69Z;_<f6_LEf+LlTMES<= $lTcE $lTcE%T69Z;_<f6_LEf+OYg; _*V;G*9Z;_>YgO%TD $TE_=GWgD;`=G*b;C[G' TDZ7V:EECLZ9:V 9WgES<E[ b;L I;%O*>[ 8YOMZ ; $TE_=GWgD;`=G*b;C[G' TDZ7V:EECLZ9:V 9WgaO;c=$lTcEMEYO%T69Z;

9Z;_EYO;MZ ; 9WgOO$`GR -lTER`G I

$lTcELRLC

O*' =ER$O<OYg; %O*L I;%O*>[ 8YOMZ ; >G7 T*+T$$TE _=GWgD;`=G*b; DS*cC c6 C[G' TDZ7V:EEC%O* +S6LEE _*V;G*9Z;_>YgO%TD

*<`L6*$TE_=GWg D ;`=G*L I ;%O*>[h8Y O MZh;

<EVK S9 IVE VD R=ER$S ;BSD +l T $S6 Â¥CMT-;Â¦ Â¥_6VC -Y g O <EV KS 9 IV E V D R=ER$S ;BSD +l T $S 6 Â¦

48 IV EV D R = E R $S ; BS D

Annual Report 2012 / 2555

MCTD_M7Z = ER$O<*<$TE_*V ; _= ; L I ;M;Xg * %O**<$TE_*V ; ;Wh ¤`L6*b;.W 6W E OC¥

EIC$lTcE%T69Z;_<f6_LEf+LlTMES<= aO;c=LlTEO*7TC$0MCTD DO6'*_MGYO 5 IS;9Wg ¯ :S;IT'C ®±±±

µ ¯¬¬¨¬¬¬¨¬¬¬ °©© ©

®¨³®°¨¬¬¬

¨³¬¬¨¬¬¬¨¬¬¬

9Z;LlTEO*7TC $0MCTD

¤°¯¨±´¬¥

¯¨µ²¨±²°¨´´° ¯¨µ²¨±²°¨´´°

²¨®µ¬¨³±²¨µ°² ¨µ°³¨±¯¨´±¬

¨¬³¬¨¬¬¬ ¯¨µ±®¨²¬®¨µ¬°

9Z;LlTEO*OYg;

EICL I;%O* >[ 8YOMZ ;

¤<T9¥

The Viriyah Insurance

$lTcE%T69Z;_<f6_LEf+LlTMES<= $lTcE $lTcE%T69Z;_<f6_LEf+OYg; _*V;G*9Z;_>YgO%TD $TE_=GWgD;`=G*b;C[G' TDZ7V:EECLZ9:V 9WgES<E[ b;L I;%O*>[ 8YOMZ ; $TE_=GWgD;`=G*b;C[G' TDZ7V:EECLZ9:V 9WgaO;c=$lTcEMEYO%T69Z;

DO6'*_MGYO 5 IS;9Wg ¯ :S;IT'C ®±±± DO6'*_MGYO 5 IS;9Wg C$ET'C ®±±± ETD$TE$S<>[ 8YOMZ ;9Wg<S;9X$a6D7E* _% TL I;%O*>[ 8YOMZ ; ¾ µ ¹ ¶Æ Â n¤² ³ ºn ¸®¬¹n -lTER_*V;' TMZ ;_@VgCbM _7fCC[G' T ¤¨¢¾ µ ¹ ¶Æ Â n¤² ³ ºn ¸®¬¹n

9Z;_EYO;MZ ; 9WgOO$`GR -lTER`G I

$lTcELRLC

O*' =ER$O<OYg; %O*L I;%O*>[ 8YOMZ ; >G7 T*+T$$TE _=GWgD;`=G*b; DS*cC c6 C[G' TDZ7V:EEC%O* +S6LEE _*V;G*9Z;_>YgO%TD

*<`L6*$TE_=GWg D ;`=G*L I ;%O*>[h8Y O MZh; ¥7g O ¦

<EVK S9 IVE VD R=ER$S ;BSD +l T $S6 ¥CMT-;¦ ¥_6VC -Y g O <EV KS 9 IV E V D R=ER$S ;BSD +l T $S 6 ¦

49 IV EV D R = E R $S ; BS D

50 The Viriyah Insurance

IV EV D R = E R $S ; BS D

<EVKS 9 IVE VD R=ER$S ;BSD +lT $S 6 Â¥CMT-;Â¦ Â¥_6VC-YgO <EVK S9 IVE V D R=ER$S ;BSD +lT $S 6 Â¦

*<$ER`L_*V;L6

LlTMES<= LVh;LZ6IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â² `GR Â¯Â²Â²Â±

Â¤<T9Â¥

MCTD_M7Z $ER`L_*V;L6+T$$V+$EEC6lT_;V;*T; _<WhD=ER$S;BSDES<+T$$TEES<=ER$S;BSDa6D7E* _*V;L6ES< Â¤+ TDÂ¥ _$WgDI$S<$TE=ER$S;BSD7 O ' TLV;cMC96`9;+T$$TEES<=ER$S;BSDa6D7E* ' Tb- + TDb;$TE+S6$TELV;cMC96`9;+T$$TEES<=ER$S;BSDa6D7E* ' T+ T*`GR' T<lT_M;f++T$$TEES<=ER$S;BSDa6D7E* ' Tb- + TDb;$TEES<=ER$S;BSDOYg; 6O$_<WhDES< _*V;= ;>GES< ETDc6 +T$$TEG*9Z;OYg; ETDc6 OYg; ' Tb- + TDb;$TE6lT_;V;*T; BTKW_*V;c6 _*V;L6LZ9:V c6 CT+T$$V+$EEC6lT_;V;*T; $ER`L_*V;L6+T$$V+$EECG*9Z; $ER`L_*V;L6c6 CT+T$ _*V;G*9Z;b;MGS$9ES@D _*V;bM $[ DYC G[$M;Wh7TCLSÂ&#x2030;Â&#x2030;T_- T.YhOE8D;7 _*V;?T$L8T<S;$TE_*V; OT'TE`GROZ=$E5 _*V;L6c6 CT+T$$V+$EECG*9Z; MCTD_M7Z = ER$O<*<$TE_*V ; _= ; L I ;M;Xg * %O**<$TE_*V ; ;Wh Â¤`L6*b;.W 6W E OCÂ¥ Annual Report 2012 / 2555

Â¯Â²Â²Â²

Â¯Â²Â²Â±

Â®Â¨Â®Â²Â®Â¨Â±Â¯Â°Â¨Â®ÂµÂ¯

ÂÂ¯Â¨ÂÂ³Â±Â¨Â¯Â´Â±Â¨Â±Â²Â¯

ÂÂ°Â¨Â¯Â³Â¬Â¨Â°Â¯Â¬Â¨ÂµÂ²Âµ

51 The Viriyah Insurance

IV EV D R = E R $S ; BS D

<EVKS 9 IVE VDR=ER$S;BS D +lT $S 6 Â¥CMT-;Â¦ Â¥_6VC-YgO <EV KS 9 IV E VD R=ER$S ;BS D +lT $S6 Â¦

*<$ER`L_*V;L6

LlTMES<= LVh;LZ6IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â² `GR Â¯Â²Â²Â±

Â¤<T9Â¥

MCTD_M7Z $ER`L_*V;L6b- c=b; _*V;G*9Z;b;MGS$9ES@D _*V;bM $[ DYC G[$M;Wh7TCLSÂ&#x2030;Â&#x2030;T_- T.YhOE8D;7 _*V;?T$L8T<S;$TE_*V; 9Wg6V; OT'TE`GROZ=$E5 _*V;L6b- c=b;$V+$EECG*9Z; _*V;L6LZ9:V b- c=b;$V+$EECG*9Z;

$ER`L_*V;L6+T$$V+$EEC+S6MT_*V; _*V;L6ES<+T$$TEES<-lTER' TMZ ;_@VgCbM _7fCC[G' T

ÂÂµ

_*V;L6LZ9:V c6 CT+T$$V+$EEC+S6MT_*V; _*V;L6`GRETD$TE_9WD<_9 T_*V;L6_@VgC%Xh; Â¤G6G*Â¥ LZ9:V _*V;L6`GRETD$TE_9WD<_9 T_*V;L6 5 IS;9Wg Â C$ET'C _*V;L6`GRETD$TE_9WD<_9 T_*V;L6 5 IS;9Wg Â¯Â :S;IT'C

MCTD_M7Z = ER$O<*<$TE_*V ; _= ; L I ;M;Xg * %O**<$TE_*V ; ;Wh Â¤`L6*b;.W 6W E OCÂ¥ Annual Report 2012 / 2555

Â±

Â¯Â²Â²Â²

Â¯Â²Â²Â±

Â©

Â¯Â¬Â¬Â¨Â¬Â¬Â¬Â¨Â¬Â¬Â¬

Â©

Â¤Â²ÂÂ¨Â®ÂÂÂ¨Â²Â´Â®Â¥ Â®Â¨Â¬Â¬Â±Â¨ÂÂ¯ÂµÂ¨Â°Â¬Â±

Â¯Â²Â¯Â¨Â°Â¬ÂÂ¨Â¯Â¯Â¬ ÂÂ¨Â²Â°ÂÂ¨Â³Â¯Â´Â¨Â¬Â³Â±

ÂÂ¨ÂµÂ°Â¯Â¨ÂµÂ®Â³Â¨Â³Â®Â¯

Â®Â¨Â¬Â¬Â±Â¨ÂÂ¯ÂµÂ¨Â°Â¬Â±

52 The Viriyah Insurance

IV EV D R = E R $S ; BS D

<EVKS 9 IVE VDR=ER$S;BS D +lT $S 6 Â¥CMT-;Â¦ Â¥_6VC-YgO <EV KS 9 IV E VD R=ER$S ;BS D +lT $S6 Â¦

MCTD_M7Z = ER$O<*<$TE_*V ;

MCTD_M7Z

LTE<SÂ&#x2030; % O C[ G 9Sg I c= _$53 $ TE+S 6 9l T *<$TE_*V ; >G$ER9<+T$_M7Z $ TE5 C MTOZ 9 $BS D %O*c9D ;aD<TD$TE<S Â&#x2030; -W 9Wg Ll T 'S Â&#x2030; _*V ; L6`GRETD$TE_9W D <_9 T _*V ; L6 _<Wh D =ER$S ; BS D ' T *ES < G[ $ M;Wh ` GRLV ; 9ES @ D + T$$TE=ER$S ; BS D 7 O _*V ; G*9Z ; b;MGS $ 9ES @ D _*V ; bM $[ DY C 9Wg 6V ; OT'TE`GROZ = $E5 LV ; 9ES @ D c C CW 7S I 7; G[ $ M;Wh OYg ; LV ; 9ES @ D OYg ; _+ T M;Wh < EV KS 9 =ER$S ; BS D 7 O Ll T EO*' T LV ; cMC96`9;`GR' T LV ; cMC96`9;' T *+ T D Ll T EO*_<Wh D =ER$S ; BS D BTER>[ $ @S ; >G=ERaD-; @ ;S $ *T; M;Wh LV ; OYg ; 9Z ; _EY O ;MZ ; Ll T EO* ETD*T;9T*$TE_*V ; +l T `;$7TCL I ;*T; $TEETD*T;% O C[ G 7TC=ER_B9$TEES < =ER$S ; BS D ' T b- + T Db;$TE6l T _;V ; *T; ' T b- + T D>G=ERaD-; @ ;S $ *T; BTKW _ *V ; c6 $l T cE7 O MZ ; %Sh ; @Yh ; 2T; _'EYg O *CY O 9T*$TE_*V ; <Z ' 'GMEY O $V + $TE9Wg _ $Wg D I% O *$S ; MGS $ 9ES @ D ` GR9ES @ D LV ; =ER$S ; IT*cI $S < ;TD9R_<W D ; _*V ; LC9<$O*9Z ; =ER$S ; IV ; TJBS D BTER>[ $ @S ; $S < <Z ' 'GMEY O $V + $TE9Wg c C _ $Wg D I% O *$S ; M;Wh LV ; 9Wg O T+_$V 6 %Xh ; CT7E2T;$TEETD*T;9T*$TE_*V ; 9Wg DS * cC c 6 b - Annual Report 2012 / 2555

53 The Viriyah Insurance

IV EV D R = E R $S ; BS D

<EVKS 9 IVE VDR=ER$S ;BSD +l T $S6 Â¥CMT-;Â¦ Â¥_6VC-YgO <EV KS 9 IV E V D R=ER$S ;BSD +l T $S 6 Â¦

MCTD_M7Z = ER$O<*<$TE_*V ; MCTD_M7Z=ER$O<*<$TE_*V;_= ;L I;M;Xg*%O**<$TE_*V;;Wh *<$TE_*V;;Whc6 ES<O;ZCS7VbM OO$*<$TE_*V;+T$$EEC$TE_CYgOIS;9Wg Â®Â´ CW;T'C Â®Â±Â±Â²

Â® % OC[G9SgIc= <EVKS9 IVEVDR=ER$S;BSD +lT$S6 Â¤CMT-;Â¥ Â¤ <EVKS9 Â¥ _= ;;V7V<Z''G9Wg+S67Sh*%Xh;b;=ER_9Jc9D `GR9WgOD[ +69R_<WD;_= ;LlT;S$*T;bMÂ&#x2030; 7Sh*OD[ _G%9Wg ÂÂ®ÂÂ«ÂÂ°Â©Â®Âµ ÂÂ®ÂÂ«Â¯Â® ÂÂ®ÂÂ«Â¯Â´ ÂÂ®ÂÂ«Â±Â¬ ÂÂ®ÂÂ«Â±Â± ÂÂ®ÂÂ«Â²Â¯Â©Â²Â³ `GR ÂÂ®ÂÂ«ÂÂ¬Â° OT'TEOTE _OL9TI_IOE -Sh; Â¯Â©Â³ Âµ ÂÂ® ÂÂ° ÂÂ´Â©Â®Â¬ `GR Â¯Âµ 8;;ES-6TBV_K$ `%I*6V;`6* _%76V;`6* $EZ*_9@CMT;'E >[ 8YOMZ ;ETDbMÂ&#x2030; b;ERMI T*= c6 `$ <Z''Gb;7ER$[GIVEVDR@S;:Z Â¤8YOMZ ;E ODGR Â¯Â¯Â¥ <EVKS9 IVEVDR@EO@_@OE 7Wh +lT$S6 Â¤8YOMZ ;E ODGR Â¯Â¬Â¥ <EVKS9 :;<ZEW@T;V-GWL.Vg* +lT$S6 Â¤8YOMZ ;E ODGR ÂÂ¬Â¥ `GR<EVKS9 _CYO*a<ET5 +lT$S6 Â¤8YOMZ ;E ODGR ÂÂ¬Â¥ .Xg*<EVKS99Sh*LTC`M *_= ; ;V7V<Z''G9Wg+S67Sh*%Xh;b;=ER_9Jc9D <EVKS96lT_;V;:ZE$V+MGS$_$WgDI$S<$TEES<=ER$S;IV;TJBSD 9Wg=ER-ZCIVLTCSÂ&#x2030;>[ 8YOMZ ;%O*<EVKS9'ESh*9Wg Â®Â«Â®Â±Â±Â± _CYgOIS;9Wg Â®Â @FKBT'C Â®Â±Â±Â± CWC7VO;ZCS7V bM <EVKS96lT_;V;$TE`=ELBT@<EVKS9 +lT$S6_= ;<EVKS9CMT-;+lT$S6 9Sh*;Wh<EVKS9c6 +69R_<WD;`=ELBT@_= ;<EVKS9CMT-;+lT$S6$S<$ER9EI*@T5V-D _CYgOIS;9Wg Â CV8Z;TD; Â®Â±Â±Â±

Â¯ _$53 $TE+S69lT*<$TE_*V; Â¥$Â¦ _$53 $TE8YO=1V<S7V *<$TE_*V ; ;Wh +S 6 9l T %Xh ; 7TCCT7E2T;$TEETD*T;9T*$TE_*V ; EIC8X * `;I=1V <S 7V 9 T*$TE<S Â&#x2030; -W 9Wg = ER$TJb- a 6DLBTIV - T-W @ <S Â&#x2030; -W Q Â¤ LBTIV-T-W@<SÂ&#x2030;-W Â¥ ;O$+T$;Sh; *<$TE_*V;DS*c6 +S69lT%Xh;7TC=ER$TJLlT;S$*T;'5R$EEC$TE$lT$S<`GRL *_LEVC$TE=ER$O<:ZE$V+ =ER$S;BSD _EYgO*MGS$_$53 IV:W$TE _*YgO;c% `GRERDR_IGTb;$TE+S69lT`GRDYg;*<$TE_*V;`GRETD*T;_$WgDI$S<>G$TE6lT_;V;*T; %O*<EVKS9=ER$S;IV;TJBSD Â¤,<S<9Wg Â®Â¥ @ÂªJÂª Â®Â±Â±Â¯ G*IS;9Wg Â®Â³ @FKBT'C Â®Â±Â±Â¯ 5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± LBTIV-T-W@<SÂ&#x2030;-W c6 OO$`GR=ES<=EZ*CT7E2T;$TEETD*T;9T*$TE_*V; .Xg*CW>G<S*'S<LlTMES<*<$TE_*V; 9Wg_EVgCb;MEYOMGS*IS;9Wg Â C$ET'C Â®Â±Â±Â² _= ;7 ;c= `GRcC c6 CW$TE;lTCTb- LlTMES<$TE+S69lT*<$TE_*V;;Wh CT7E2T;$TEETD*T;9T* $TE_*V;9WgOO$`GR=ES<=EZ*bMC 6S*$G TIc6 _= 6_>Db;MCTD_M7Z=ER$O<*<$TE_*V;% O Â¯Â¯

Annual Report 2012 / 2555

54 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â¥%Â¦ _$53 $TEIS6C[G' T *<$TE_*V ; ;Wh c 6 +S 6 9l T %Xh ; a6D8Y O MGS $ _$53 $ TE<S ; 9X $ 7TCET'T9Z ; _6V C D$_I ; ETD$TE9Wg L l T 'S Â&#x2030; 9Wg ` L6*b;*<`L6*2T;R$TE_*V ; 6S*7 Oc=;Wh Â© LV;9ES@D 9T*$TE_*V;_@YgO' T`GR_>YgO%TD IS6C[G' T9WgC[G' TDZ7V:EEC Â¥'Â¦ L$ZG_*V;9Wg;lT_L;O*<$TE_*V; *<$TE_*V;;Wh+S69lT`GR`L6*M; ID_*V;7ET_= ;_*V;<T9 % OC[G9T*$TE_*V;9Sh*MC6CW$TE= 6_JKb;MCTD_M7Z=ER$O<*<$TE_*V;_@YgObM `L6*_= ;MGS$@S;<T9 D$_I ;9WgER<ZcI _= ;OD T*OYg; Â¥*Â¦ $TE=ERCT5$TE`GRb- IV+TE5Â&#x2030;T5 b;$TE+S69lT*<$TE_*V;;Wh bM _= ;c=7TCCT7E2T;$TEETD*T;9T*$TE_*V; >[ <EVMTE7 O*b- IV+TE5Â&#x2030;T5 $TE=ERCT5`GR% OLCC7V2T; MGTD=ER$TE .Xg*CW>G$ER9<7 O$TE$lTM;6;aD<TD$TE<SÂ&#x2030;-W`GR$TEETD*T;+lT;I;_*V;9Wg_$WgDI$S< LV;9ES@D M;WhLV; ETDc6 `GR ' Tb- + TD >G9Wg_$V6%Xh;+EV*OT+`7$7 T*+T$9Wg=ERCT5cI =ERCT5$TE`GR% OLCC7V2T;9Wg b- b;$TE+S69lT*<$TE_*V;+Rc6 ES<$TE9<9I;OD T*7 O_;YgO* $TE=ES<=ERCT5$TE9T*<SÂ&#x2030;-W+R<S;9X$ b;*I6<SÂ&#x2030;-W9Wg=ERCT5$TE6S*$G TIc6 ES<$TE9<9I; `GRb;*I6O;T'79Wg c6 ES<>G$ER9< % OC[G_$WgDI$S<$TE=ERCT5'ITCcC `; ;O;`GR% OLCC7V2T;9WgL lT'SÂ&#x2030;b;$TE$lTM;6;aD<TD$TE<SÂ&#x2030;-WCW>G$ER9<LlT'SÂ&#x2030;7 O$TEES<E[ +lT;I;_*V;b;*<$TE_*V; .Xg*=ER$O<6 IDMCTD_M7Z=ER$O<*<$TE_*V;7 Oc=;Wh MCTD_M7Z=ER$O<*<$TE_*V;% O Â¯ >G$ER9<+T$_M7Z$TE5 CMTOZ9$BSD%O*c9D MCTD_M7Z=ER$O<*<$TE_*V;% O Â² _<WhD=ER$S;BSD' T*ES< MCTD_M7Z=ER$O<*<$TE_*V;% O Â³ G[$M;Wh`GRLV;9ES@D +T$$TE=ER$S;BSD7 O MCTD_M7Z=ER$O<*<$TE_*V;% O Â´ _*V;G*9Z;b;MGS$9ES@D MCTD_M7Z=ER$O<*<$TE_*V;% O Âµ _*V;bM $[ DYC MCTD_M7Z=ER$O<*<$TE_*V;% O ÂÂ¬ 9Wg6V; OT'TE`GROZ=$E5 MCTD_M7Z=ER$O<*<$TE_*V;% O ÂÂ LV;9ES@D cC CW7SI7; MCTD_M7Z=ER$O<*<$TE_*V;% O ÂÂ® G[$M;WhOYg; MCTD_M7Z=ER$O<*<$TE_*V;% O ÂÂ± LlTEO*' TLV;cMC96`9;`GR' TLV;cMC96`9;' T*+ TD MCTD_M7Z=ER$O<*<$TE_*V;% O ÂÂ² LlTEO*_<WhD=ER$S;BSD

Annual Report 2012 / 2555

55 The Viriyah Insurance

MCTD_M7Z=ER$O<*<$TE_*V;% O ³ MCTD_M7Z=ER$O<*<$TE_*V;% O ®± MCTD_M7Z=ER$O<*<$TE_*V;% O ®³ MCTD_M7Z=ER$O<*<$TE_*V;% O ¯®

IV EV D R = E R $S ; BS D

BTER>[$@S;>G=ERaD-; @;S$*T; BTKW_*V;c6 _'EYgO*CYO9T*$TE_*V; M;WhLV;9WgOT+_$V6%Xh;

° >G$ER9<+T$_M7Z$TE5 CMTOZ9$BSD%O*c9D

>[ <EVMTE=ERCT5$TE' TLV;cMC96`9;+T$;hlT9 IC9Wg> T;CT_= ;+lT;I;_*V; ®¨´¬ G T;<T9 ¤®±±°¶ ®¨´ G T;<T9¥ .Xg*=ERCT5$TE ' TLV;cMC96`9;9Wg+Rc6 ES<'Y;+T$>[ ES<=ER$S;BSD7 OCW+ lT;I; ¨³² G T;<T9 ¤®±±°¶ ¨®¯® G T;<T9¥ >[ <EVMTE=ERCT5$TEa6DEIC ' TLV;cMC96`9;9Wg c6 ES<`+ *_M7Z`GR' TLV;cMC96`9;9WgOT+_$V6%Xh;`7 DS*CV c6 ETD*T;bM <EVKS99ET< ¤Å¾ÊÎ¥ .Xg*O T*OV*+T$$TE IV_'ETRM 'ITC_LWDMTD%O*>[ _OT=ER$S;BSDb;_%79Wg c6 ES<>G$ER9<+T$; hlT9 IC +;8X*IS;9Wg ¯ :S;IT'C ®±±± <EVKS9c6 + TD' TLV;cMC 96`9;;hlT9 ICbM $S<>[ _OT=ER$S;BSD9Sh*MC6_= ;+lT;I;_*V; ¨² G T;<T9 `GRc6 ES<' TLV;cMC96`9;ES<'Y;+T$>[ ES<=ER$S;BSD 7 O9Sh*MC6_= ;+lT;I;_*V; °µ G T;<T9

± ;aD<TD$TE<S -W9WgLlT'S ;aD<TD$TE<S -W9Wg;lT_L;O6S*7 Oc=;Wh c6 8YO=1V<S7V a6DLC lT_LCOLlTMES<*<$TE_*V;9Z$EO<ERDR_IGT9WgETD*T;

¥$¦ _*V;7ET7 T*=ER_9J ¤³£ ³¤ ²è ¶ ¶Æ¾ | ¾ µ ¤³ m³ ¤±¾ © ETD$TE<S -W9Wg_= ;_*V;7ET7 T*=ER_9J`=G*' T_= ;_*V;<T9a6Db- OS7ET`G$_=GWgD; 5 IS;9Wg_$V6ETD$TE LV;9ES@D `GRM;WhLV;9Wg_= ;7SI_*V;`GR_= ;_*V;7ET7 T*=ER_9J 5 IS;9WgETD*T; `=G*' T_= ;_*V;<T9a6Db- OS7ET`G$_=GWgD; 5 IS;;Sh; $lTcEMEYO%T69Z;+T$$TE`=G*' T+R<S;9X$b;$lTcEMEYO%T69Z;

¥%¦ _*V;L6`GRETD$TE_9WD<_9 T_*V;L6 _*V;L6`GRETD$TE_9WD<_9 T_*V;L6b;*<$ER`L_*V;L6=ER$O<6 ID DO6_*V;L6 DO6_*V;?T$:;T'TE=ER_B9_>YgO_EWD$ `GR_*V;G*9Z; ERDRLSh;9WgCWLBT@'G O*L[*

Annual Report 2012 / 2555

56 The Viriyah Insurance

IV EV D R = E R $S ; BS D

¥'¦ _<WhD=ER$S;BSD' T*ES< _*V;' T*ES<_$WgDI$S<$TE=ER$S;BSD7 O`GRG[$M;WhOYg; _<WhD=ER$S;BSD' T*ES< _*V;' T*ES<_$WgDI$S<$TE=ER$S;BSD7 O`GRG[$M;WhOYg;`L6*b;ET'T7TCb<`+ *M;WhMS$' T_>YgOM;WhL*LSD+RL[ ' T_>YgOM;WhL*LSD+RL[ =ER_CV;a6D$TEIV_'ETRM =ERIS7V$TE-lTERM;Wh `GR$TE'T6$TE5 _$WgDI$S<$TE-lTERM;Wh b;O;T'7%O*G[$M;Wh G[$M;W h +R8[$7S6+lTM; TD<S -W_CYgO9ET<I T_= ;M;WhL[

¥*¦ _*V;G*9Z;b;MGS$9ES@D ¾ µ ¦ ¹ Á ¤³«³¤¬ ¶Ç¿¦± ¤³«³¤ ¹ 7ETLTEM;Wh`GR7ETLTE9Z;.Xg*_= ;MGS$9ES@D b;'ITC7 O*$TE%O*7GT6.Xg*8YOcI _@YgO' T `L6*b;C[G' TDZ7V:EEC $lTcEMEYO%T69Z;+T$ $TE7WET'TMGS$9ES@D c6 <S;9X$b;$lTcEMEYO%T69Z; 7ETLTEM;Wh.Xg*<EVKS97Sh*b+`GRLTCTE88YO+;'E<$lTM;6+S6=ER_B9_= ;_*V;G*9Z;9Wg8YO+;'E<$lTM;6 _*V;G*9Z;9Wg8YO+;'E<$lTM;6 `L6*b;ET'T9Z;7S6+lTM; TDMS$6 ID%T69Z;+T$$TE6 OD' T%O*_*V;G*9Z; >G7 T*ERMI T*ET'T9Z;9Wg.YhOCT$S<C[G' Tc8 8O;%O*7ETLTEM;Wh +R8[$7S6+ TDa6DIV:WOS7ET6O$_<WhD9Wg`9 +EV*7GO6OTDZ%O*7ETLTEM;Wh9Wg_MGYO

7ETLTEM;Wh`GR7ETLTE9Z;.Xg*_= ;MGS$9ES@D b;'ITC7 O*$TE%O*7GT6 ;O$_M;YO+T$9Wg8YOcI _@YgO' TMEYO7Sh*b+8YOcI +;'E<$lTM;6 +S6=ER_B9_= ;_*V;G*9Z;_>YgO%TD BTDMGS*$TEES<E[ C[G' Tb;'ESh*`E$_*V;G*9Z;_>YgO%TD`L6*b;C[G' TDZ7V:EEC `GR$TE_=GWgD;`=G* 9Wg cC b- >G%T69Z;+T$$TE6 OD' T`GR>G7 T*%O*L$ZG_*V;7ET7 T*=ER_9J%O*ETD$TE9Wg_= ;7SI_*V;<S;9X$a6D7E*b;L I;%O*>[ 8YOMZ ; L I;>G%T69Z;+T$$TE6 OD' T`GR>G7 T*+T$OS7ET`G$_=GWgD;_*V;7ET7 T*=ER_9JES<E[ b;$lTcEMEYO%T69Z; _CYgOCW$TE7S6+lTM; TD _*V;G*9Z; +RES<E[ >G$lTcEMEYO%T69Z;LRLC9Wg_'D<S;9X$b;L I;%O*>[ 8YOMZ ;a6D7E*_% T$lTcEMEYO%T69Z; b;$E5W9Wg_= ;_*V;G*9Z;=ER_B9 9WgCW6O$_<WhD +R7 O*<S;9X$6O$_<WhDb;$lTcEMEYO%T69Z;a6DIV:WOS7ET6O$_<WhD9Wg`9 +EV*

_*V;G*9Z;b;7ETLTE9Z;.Xg*cC b- MGS$9ES@D b;'ITC7 O*$TE%O*7GT6`L6*b;ET'T9Z;MS$%T69Z;+T$$TE6 OD' T C[G' TDZ7V:EEC%O*_*V;G*9Z;b;MGS$9ES@D _@YgO' T`GRMGS$9ES@D _>YgO%TD+Rb- ET'T_L;O.YhO 5 IS;9WgETD*T; ³¤ Ë³¬ m³£¾ µ ¦ ¹ _CYgOCW$TE+lTM; TD_*V;G*9Z; >G7 T*ERMI T*+lT;I;_*V;LZ9:V9Wg c6 ES<`GRC[G' T7TC<S -W`GREIC8X*$lTcEMEYO%T69Z;LRLC+T$$TE7WET'T MGS$9ES@D 9Wg_$WgDI% O*9Wg_'D<S;9X$b;L I;%O*>[ 8YOMZ ; +R8[$<S;9X$b;$lTcEMEYO%T69Z;

Annual Report 2012 / 2555

57 The Viriyah Insurance

IV EV D R = E R $S ; BS D

b;$E5W9Wg<EVKS9+lTM; TD<T*L I;%O*_*V;G*9Z;9Wg8YOOD[ $TE'lT;I57 ;9Z;LlTMES<_*V;G*9Z;9Wg+lTM; TDc=`GR_*V;G*9Z;9WgDS*8YOOD[ b- IV:W8SI_,GWgD8 I*; lTM;S$=ES<b- $S<C[G' T7TC<S -W%O*_*V;G*9Z;9Wg_MGYOOD[ 9Sh*MC6

¥+¦ _*V;bM $[ DYC _*V;bM $[ DYC`L6*6 IDDO6_*V;7 ; <EVKS97Sh*' T_>YgOM;WhL*LSD+RL[ a6D@V+TE5T+T$ERDR_IGT' T*-lTER`GRC[G' TMGS$=ER$S;

¥,¦ G[$M;Wh_- T.YhOE8D;7 G[$M;Wh_- T.YhOE8D;7 `L6*C[G' T7TCDO6'*' T*7TCLS T_- T.YhOLZ9:V+T$6O$_<WhD9WgDS*cC 8YO_= ;ETDc6 MS$6 ID' T_>YgOM;WhL*LSD+RL[ <EV KS 9 7Sh * ' T _>Yg O M;Wh L *LS D +RL[ _= ; +l T ;I;_9 T $S < >G_LW D MTD9Wg + R_$V 6 %Xh ; +T$$TE_EW D $_$f < _*V ; +T$G[ $ M;Wh c C c 6 a 6D$TEIV _ 'ETRM =ERIS7V$TE-lTERM;Wh`GR$TE'T6$TE5 _$WgDI$S<$TE-lTERM;Wh b;O;T'7 a6D+R=ERCT5' T_>YgOM;WhL*LSD+RL[ =ERCT5E ODGR ® %O*DO6 G[$M;Wh_- T.YhO'*_MGYOMGS*MS$6O$>G+T$$TE_- T.YhO9WgDS*cC _$V6%Xh; G[$M;Wh+R8[$7S6+lTM; TD<S -W_CYgO9ET<I T_= ;M;WhL[

¥-¦ 9Wg6V; OT'TE`GROZ=$E5 ³¤¤² ¤ºn¿¦± ³¤¨² ¢º¦ m³ «µ ¤² £q ¶Æ¾ | ¤¤¢«µ µÊ ® µ ³¤ 9Wg6V;`L6*6 IDET'T9Z; OT'TE`GROZ=$E5 `L6*6 IDET'T9Z;MS$' T_LYgOCET'TLRLC`GR%T69Z;+T$$TE6 OD' T

ET'T9Z;EIC8X*7 ;9Z;9T*7E*9Wg_$WgDI% O*$S<$TEc6 CT%O*LV;9ES@D 7 ;9Z;%O*$TE$ OLE T*LV;9ES@D 9Wg$V+$TE$ OLE T*_O* EIC8X*7 ;9Z; %O*ISL6Z È**T;9T*7E* `GR7 ;9Z;9T*7E*OYg;e 9Wg_$WgDI% O*$S<$TE+S6MTLV;9ES@D _@YgObM LV;9ES@D ;Sh;OD[ b;LBT@9Wg@E OC+Rb- *T; c6 7TC'ITC=ERL*' 7 ;9Z;b;$TEEYhO8O; $TE%;D TD $TE<[E5RL8T;9Wg7Sh*%O*LV;9ES@D `GR7 ;9Z;$TE$[ DYC LlTMES<_'EYgO*CYO 9Wg'I<'ZCa6DGV%LV9:Vk.OA9 ÌE .Xg*cC LTCTE89lT*T;c6 a6D=ETJ+T$GV%LV9:Vk.OA9 ÌE ;Sh;bM 8YOI T GV%LV9:Vk.OA9 ÌE 6S*$G TI_= ; L I;M;Xg*%O*OZ=$E5

L I;=ER$O<%O*ETD$TE9Wg6V; OT'TE `GROZ=$E5 `7 GRETD$TE9WgCWOTDZ$TEbM =ERaD-; cC _9 T$S;7 O*<S;9X$`7 GRL I;=ER$O<9WgC W ;SDLlT'S `D$7 T*MT$+T$$S; $lTcEMEYO%T69Z;+T$$TE+lTM; TD9Wg6V; OT'TE `GROZ=$E5 'YO>G7 T*ERMI T*LVg*7O<`9;LZ9:V9Wg c6 ES<+T$$TE+lTM; TD$S<C[G' T 7TC<S -W%O*9Wg6V; OT'TE `GROZ=$E5 a6DES<E[ LZ9:V_= ;ETDc6 OYg;b;$lTcEMEYO%T69Z; Annual Report 2012 / 2555

58 The Viriyah Insurance

IV EV D R = E R $S ; BS D

n ¹ ¶Æ¾ µ ·Ç Á ¡³£¬¦² 7 ;9Z;b;$TE_=GWgD;`9;L I;=ER$O<+RES<E[ _= ;L I;M;Xg*%O*C[G' T7TC<S -W%O*ETD$TE9Wg6V; OT'TE`GROZ=$E5 8 TCW'ITC_= ;c=c6 ' O;% T*`; 9Wg < EVKS9+Rc6 ES< =ERaD-; _-V* _JEK2$V+ b;O;T'7+T$ETD$TE;Sh ; `GRLTCTE8IS 6 C[ G ' T 7 ;9Z ;%O*ETD$TE;Sh ;c6 O D T* ; T_-YgO8YO -Vh;L I;9Wg8[$_=GWgD;`9;+R8[$7S6+lTM; TD7TCC[G' T7TC<S -W 7 ;9Z;9Wg_$V6%Xh;b;$TE. OC<lTEZ* 9Wg6V; OT'TE `GROZ=$E5 9Wg_$V6%Xh;_= ;=ER+lT+RES<E[ b;$lTcEMEYO%T69Z;_CYgO_$V6%Xh;

m³¾«¸Æ®¢¤³ ³ ' T_LYgOCET'T'lT;I5+T$C[G' T_LYgOCLBT@%O*ETD$TEOT'TE `GROZ=$E5 .Xg*=ER$O<6 IDET'T9Z;%O*LV;9ES@D MEYO7 ;9Z;b;$TE _=GWgD;`9;OYg;MS$6 IDC[G' T'*_MGYO%O*LV;9ES@D ' T_LYgOCET'T<S;9X$_= ;' Tb- + TDb;$lTcEMEYO%T69Z; 'lT;I5a6DIV:W_L ;7E*7TC_$53 OTDZ$TEb- *T;a6D=ERCT5%O*L I;=ER$O< %O*LV;9ES@D `7 GRETD$TE =ERCT5$TEOTDZ$TEb- *T;%O*LV;9ES@D `L6*c6 6S*;Wh OT'TE L I;=ES<=EZ*OT'TE ER<<cAA T`GR;hlT=ER=T DT;@TM;R _'EYgO*7$`7 *`GR_'EYgO*b- LlT;S$*T; ¤cC EICOZ=$E5 'OC@VI_7OE ¥

®¬ = ®¬ = ± = ± = ±¨ ³ `GR ¬ =

OT'TE9Wg c6 CT$ O;= ®±¯ 'lT;I5a6DIV:WOS7ET'*9Wg%O*ET'T7TC<S -W9WgG6G*b;OS7ETE ODGR ± 7 O= OZ=$E5 'OC@VI_7OE 'lT;I5' T_LYgOCET'Ta6DIV:W>GEIC+lT;I;= 9Sh*MC6 ¯ `GR ± = <EVKS9cC 'V6' T_LYgOCET'TLlTMES<9Wg6V;`GRLV;9ES@D 9WgOD[ ERMI T*$ OLE T* IV:W$TE'V6' T_LYgOCET'T OTDZ$TEbM =ERaD-; %O*LV;9ES@D `GRC[G' T'*_MGYO 8[$9<9I;OD T*; OD9WgLZ69Z$LVh;EO<= <S -W `GR=ES<=EZ* 7TC'ITC_MCTRLC

¥.¦ LV;9ES@D cC CW7SI7; ® q¿¨¤q ®¢ µ¨¾ ®¤q¿¦± m³ ² ³¤± .OA9 `IE 'OC@VI_7OE `GR' T@S4;TER<<9Wg<EVKS9.YhOCT`GRCWOTDZ$TEb- *T;+lT$S6 `L6*b;ET'T9Z;MS$' T7S6+lTM; TDLRLC`GR%T69Z; +T$$TE6 OD' TLRLC

Annual Report 2012 / 2555

59 The Viriyah Insurance

IV EV D R = E R $S ; BS D

¤³£ m³£¡³£¬¦² ³¤¤² ¤ºn¤³£ ³¤ ETD+ TDBTDMGS*$TEES<E[ ETD$TE+RES<E[ _= ;LV;9ES@D _CYgO$ ObM _$V6=ERaD-; _-V*_JEK2$V+b;O;T'7 a6DEIC_= ;LV;9ES@D 9WgLTCTE8ER<Zc6 9Wg_$WgDI% O*;Sh; `GR' Tb- + TDOYg;ES<E[ b;$lTcEMEYO%T69Z;_CYgO_$V6%Xh; m³ ² Ë³¬ m³£ ' T7S6+lTM; TD 'lT;I5+T$ET'T9Z;%O*LV;9ES@D MEYO+lT;I;OYg;9Wg b- `9;ET'T9Z;MS$6 IDC[G' T'*_MGYO ' T7S6+lTM; TDES<E[ b;$lTcEMEYO%T69Z;a6DIV:W_L ;7E*.Xg*a6DL I;bM +RLR9 O;E[=`<<9Wg'T6I T+Rc6 ES<=ERaD-; b;O;T'7+T$LV;9ES@D ;Sh;7TCERDR_IGT9Wg'T6I T+Rc6 ES<=ERaD-; +T$LV;9ES@D cC CW7SI7; a6D_EVgC7S6+lTM; TDLV;9ES@D cC CW7SI7;_CYgOLV;9ES@D ;Sh;@E OC9Wg+R bM =ERaD-; ERDR_IGT9Wg'T6I T+Rc6 ES<=ERaD-; LlTMES<= = ++Z<S;`GR= _=EWD<_9WD<`L6*c6 6S*;Wh .OA9 `IE 'OC@VI_7OE `GR' T@S4;TER<<

± `GR ¬ =

IV:W$TE7S6+lTM; TD ERDR_IGT9Wg'T6I T+Rc6 ES<=ERaD-; `GRC[G' T'*_MGYO +Rc6 ES<$TE9<9I;9Z$LVh;EO<= <S -W `GR=ES<=EZ* 7TC'ITC_MCTRLC

¥/¦ $TE6 OD' T DO6LV ;9ES @ D 7TC<S -W% O*<EVKS 9c6 ES < $TE9<9I; 5 9Z $IS ;9Wg E TD*T;I T CW % O < *-Wh _EYg O *$TE6 O D' T MEY O cC b;$E5W9WgCW % O< *-Wh +R9lT$TE=ERCT5C[G' TLV;9ES@D 9Wg'T6I T+Rc6 ES<'Y; %T69Z;+T$$TE6 OD' TES<E[ _CYgOC[G' T7TC<S -W%O*LV;9ES@D MEYOC[G' T7TC<S -W%O*M; IDLV;9ES@D 9Wg$ ObM _$V6 _*V;L6L[*$I TC[G' T 9Wg'T6I T+Rc6 ES<'Y; %T69Z;+T$$TE6 OD' T<S;9X$b;$lTcEMEYO%T69Z;

_CYgOCW$TEG6G*b;C[G' TDZ7V:EEC%O*LV;9ES@D 9T*$TE_*V;_>YgO%TD .Xg*c6 <S;9X$b;L I;%O*>[ 8YOMZ ; `GRCW'ITC-S6_+;I TLV;9ES@D 6S*$G TICW$TE6 OD' T DO6%T69Z;.Xg*_'D<S;9X$b;L I;%O*>[ 8YOMZ ;+R8[$<S;9X$b;$lTcEMEYO%T69Z;a6DcC 7 O*=ES<$S<DO6LV;9ES@D 9T*$TE_*V;6S*$G TI DO6%T69Z;9Wg<S;9X$b;$lTcEMEYO%T69Z;_= ;>G7 T*ERMI T*ET'T9Z;9Wg.YhO$S<C[G' TDZ7V:EECb;= ++Z<S;%O*LV;9ES@D MS$%T69Z;+T$$TE6 OD' T%O*LV;9ES@D 9T*$TE_*V;;Sh;e .Xg*_'DES<E[ `G Ib;$lTcEMEYO%T69Z;

³¤ Ë³ ¨ ¢º¦ m³ ¶Æ ³ ¨m³ ±Â n¤² ¸ C[G' T9Wg'T6I T+Rc6 ES<'Y;%O*MGS$9ES@D 9Wg8YOcI +;$I T+R'E<$lTM;6`GRG[$M;Wh9Wg<S;9X$a6DIV:WET'T9Z;7S6+lTM; TD 'lT;I5a6D$TE MTC[G' T= ++Z<S;%O*=ERCT5$TE$ER`L_*V;L69Wg+Rc6 ES<b;O;T'7 'V6G66 IDOS7ET6O$_<WhD9Wg`9 +EV* LlTMES<G[$M;WhERDRLSh;cC CW $TE'V6G6

Annual Report 2012 / 2555

60 The Viriyah Insurance

IV EV D R = E R $S ; BS D

C[G' T9Wg'T6I T+Rc6 ES<'Y;%O*LV;9ES@D 9T*$TE_*V;LlTMES<MGS$9ES@D _>YgO%TD 'lT;I5a6DO T*OV*8X*C[G' TDZ7V:EEC

C[G' T9Wg'T6I T+Rc6 ES<'Y;%O*LV;9ES@D 9Wg cC b- LV;9ES@D 9T*$TE_*V; MCTD8X* C[G' T+T$$TEb- %O*LV;9ES@D MEYOC[G' TDZ7V:EEC%O* LV;9ES@D MS$7 ;9Z;b;$TE%TD`G I`7 C[G' Tb6+RL[*$I T b;$TE=ER_CV;C[G' T+T$$TEb- %O*LV;9ES@D =ERCT5$TE$ER`L_*V;L6 9Wg+Rc6 ES<b;O;T'7+R'V6G6_= ;C[G' T= ++Z<S;a6Db- OS7ET'V6G6$ O;'lT;X*BTKW_*V;c6 _@YgObM LR9 O;C[G' T9WgOT+=ER_CV;c6 b;7GT6 = ++Z<S; .Xg*`=Ec=7TC_IGT`GR'ITC_LWgD*9WgCW7 OLV;9ES@D LlTMES<LV;9ES@D 9Wg cC $ ObM _$V6$ER`L_*V;L6ES<a6DOVLER+T$LV;9ES@D OYg; bM @V+TE5TC[G' T9Wg'T6I T+Rc6 ES<'Y;EIC$S<M; IDLV;9ES@D 9Wg$ ObM _$V6_*V;L69WgLV;9ES@D ;Sh;_$WgDI% O*6 ID

³¤ ¦² ¤³£ ³¤ n®£ m³ %T69Z;+T$$TE6 OD' T%O*LV;9ES@D 9T*$TE_*V;+R8[$$GS<ETD$TE _CYgOC[G' T9Wg'T6I T+Rc6 ES<'Y;_@VgC%Xh;b;BTDMGS* `GR$TE_@VgC%Xh;;Sh; LSC@S;: a6D7E*$S<%T69Z;+T$$TE6 OD' T9Wg_'DES<E[ b;$lTcEMEYO%T69Z; LlTMES<LV;9ES@D 9T*$TE_*V;9Wg<S;9X$a6DIV:WET'T9Z;7S6+lTM; TD `GR7ETLTEM;Wh9Wg+S6=ER_B9_= ;MGS$9ES@D _>YgO%TD $TE$GS<ETD$TE+R8[$<S;9X$b;$lTcEMEYO%T69Z; L I;LV;9ES@D 9T*$TE_*V;9Wg_= ; 7ETLTE9Z;9Wg+S6=ER_B9_= ;MGS$9ES@D _>YgO%TD $TE$GS<ETD$TE+R8[$ES<E[ a6D7E*b;$lTcE%T69Z;_<f6_LEf+OYg;

%T69Z;+T$$TE6 OD' T%O*LV;9ES@D 9Wg cC b- LV;9ES@D 9T*$TE_*V;OYg; 9Wg_'DES<E[ b;*I6$ O;+R8[$=ER_CV; 5 9Z$IS;9Wg9WgOO$ETD*T;I T CW% O< *-Wh_EYgO*$TE6 OD' TMEYOcC %T69Z;+T$$TE6 OD' T+R8[$$GS<ETD$TEMT$CW$TE_=GWgD;`=G*=ERCT5$TE9Wg b- b;$TE'lT;I5C[G' T 9Wg'T6I T+Rc6 ES<'Y; %T69Z;+T$$TE6 OD' T+R8[$$GS<ETD$TE_@WD*_9 T9WgC[G' T7TC<S -W%O*LV;9ES@D cC _$V;$I TC[G' T7TC<S -WBTDMGS* MS$' T_LYgOCET'TMEYO' T7S6+lTM; TD _LCYO;M;Xg*cC _'DCW$TE<S;9X$%T69Z;+T$$TE6 OD' TCT$ O;

¥ ¦ LlTEO*_<WhD=ER$S;BSD LlTEO*_<WhD=ER$S;BSD=ER$O<6 IDLlTEO*_<WhD=ER$S;BSD9WgDS*cC 8YO_= ;ETDc6 `GRLlTEO*'ITC_LWgD*BSD9WgDS*cC LVh;LZ6 «Ë³¤® ¾ ¶Ç£ ¤± ² ¡²£ ¶Æ£² Â¢m ¸®¾ | ¤³£Â n <EVKS9c6 LlTEO*_*V;L I;M;Xg*%O*ETDc6 _<WhD=ER$S;_= ;LlTEO*_<WhD=ER$S;BSD9WgDS*cC 8YO_= ;ETDc6 6S*;Wh =ER$S;OS''WBSD BSD9T*9R_G`GR%;L * ¤7SI_EYO¥ E8D;7 `GRBSD_<f6_7Gf6

=ER$S;BSD9T*9R_G`GR%;L * ¤_,@TR_9WgDI¥

=ER$S;BSD$TE_6V;9T*

=ER$S;OVLEBT@

61 The Viriyah Insurance

IV EV D R = E R $S ; BS D

«Ë³¤® ¨³¢¾«¶Æ£ ¡²£ ¶Æ£² Â¢m«µÇ «¹ LlTEO*'ITC_LWgD*BSD9WgDS*cC LVh;LZ6_= ;+lT;I;_*V;%O*$TE=ERCT5$TE9Wg6W9WgLZ6%O*' TLV;cMC96`9;9Wg'T6I T+R_$V6%Xh;b;ERDR_IGT _OT=ER$S;9Wg_MGYOOD[ LlTMES<$EC:EEC =ER$S;BSD9WgDS*CW>G<S*'S<OD[ 7TC$TEIV_'ETRM % OC[G' TLV;cMC96`9;b;O6W7a6D;S$'5V7JTL7E =ER$S;BSD9Wg c6 ES<O;Z T7

LlTEO*'ITC_LWgD*BSD9WgDS*cC LVh;LZ6+R8[$ES<E[ b;*<$TE_*V; b;$E5W9WgLlTEO*'ITC_LWgD*BSD9WgDS*cC LVh;LZ6CT$$I TLlTEO*_<WhD=ER$S;BSD 9WgDS*cC 8YO_= ;ETDc6

¥0¦ LlTEO*' TLV;cMC96`9;`GR' TLV;cMC96`9;' T*+ TD <EV KS9<S;9X$ <S -W Ll T EO*' T LV ; cMC96`9;_CYg O c6 ES< `+ *$TE_EW D$-6_-D+T$>[ _OT=ER$S ;OD T *_= ;9T*$TE a6D<S ;9X $ 7TCC[ G' T =ERCT5$TE' TLV;cMC96`9;9Wg=ER_CV;a6D? TDLV;cMC96`9;MEYO<EVKS9=ER_CV;'ITC_LWDMTDBTD;O$`G I`7 $E5W `GR<EVKS9 c6 7Sh*LlTEO*LlTMES<' TLV;cMC96`9;9WgOT+_$V6%Xh;`7 DS*CV c6 ETD*T;bM <EVKS99ET< ¤Åêßñîîáà Þñð êëð õáð îáìëîðáà¥ .Xg*8[$=ER_CV; a6D;S$'5V7JTL7E =ER$S;BSD9Wg c6 ES<O;Z T7 ¥1¦ _*V;' T*+ TD_$WgDI$S<$TE=ER$S;BSD7 O`GR_+ TM;WhOYg; _*V;' T*+ TD_$WgDI$S<$TE=ER$S;BSD7 O`GR_+ TM;WhOYg;`L6*b;ET'T9Z; ¥2¦ >G=ERaD-; @;S$*T; <EVKS9c6 +S6a'E*$TE>G=ERaD-; @;S$*T;MGTDa'E*$TE6S*7 Oc=;Wh ¦ ¤±À£ q¤±£±«²Ç ® ² ³ BTER>[$@S;%O*>G=ERaD-; ERDRLSh;%O*@;S$*T;IS6C[G' Ta6DCV c6 'V6G6$ER`L_*V;L6`GRES<E[ _= ;' Tb- + TD_CYgO@;S$*T;9lT*T;bM M;Wh LV ; ES < E[ 6 I DC[ G ' T 9Wg ' T6I T +R+ T D-l T ER Ll T MES < $TE+ T Da<;S L _= ; _*V ; L6ERDRLSh ; MT$<EV KS 9 CW B TER>[ $ @S ; 7TC$0MCTDMEY O BTER>[$@S;a6DO;ZCT;9Wg+R7 O*+ TDOS;_= ;>GCT+T$$TE9Wg@;S$*T;c6 9 lT*T;bM b;O6W7`GRBTER>[$@S;;WhLTCTE8=ERCT5c6 OD T* LC_M7ZLC>G ¦ ¤±À£ q ² ³ ¬¦² ®® ³ ³ <EVKS9CW a'E*$TE>G=ERaD-; @;S$*T;MGS*OO$+T$*T;bM $S<@;S$*T;9Wg_% T_*YgO;c%a6D`< *_= ;a'E*$TE7 T*e 6S*;Wh À ¤ ³¤«¢ ¾ µ a'E*$TELC9<_*V;_= ;a'E*$TE>G=ERaD-; @;S$*T;MGS*OO$+T$*T; .Xg*<EVKS9+ TDLC9<_= ;+lT;I;_*V;9Wg`; ;O;c=OW$$V+$TEM;Xg* `D$7 T*MT$ ¤$O*9Z;LlTEO*_GWhD*-W@¥ `GR<EVKS9+RcC CWBTER>[$@S;7TC$0MCTDMEYOBTER>[$@S;a6DO;ZCT;9Wg+R7 O*+ TDLC9< Annual Report 2012 / 2555

62 The Viriyah Insurance

IV EV D R = E R $S ; BS D

_@VgC_7VC BTER>[$@S;b;$TELC9<_% Ta'E*$TELC9<_*V;+R8[$ES<E[ _= ;' Tb- + TD@;S$*T;b;$lTcEMEYO%T69Z;b;EO<ERDR_IGT9Wg@;S$*T; c6 9lT*T;bM $S<<EVKS9

À ¤ ³¤ ¦ ¤±À£ q ¶Æ Ë³¬ Â¨n a'E*$TE>G=ERaD-; 9Wg$lTM;6cI _= ;a'E*$TE>G=ERaD-; @;S$*T;MGS*OO$+T$*T;;O$_M;YO+T$a'E*$TELC9<_*V; BTER>[$@S; LZ9:V%O*<EVKS9+T$a'E*$TE>G=ERaD-; 9Wg$lTM;6cI 8[$'lT;I5`D$7 T*MT$_= ;ETDa'E*$TE+T$$TE=ERCT5>G=ERaD-; b;O;T'7 9Wg_$V6+T$$TE9lT*T;%O*@;S$*T;b;= ++Z<S;`GRb;*I6$ O;e >G=ERaD-; 6S*$G TIc6 CW$TE'V6G6$ER`L_*V;L6_@YgObM _= ;C[G' T = ++Z<S; 9Sh*;Wh c6 LZ9:V+T$7 ;9Z;<EV$TEb;O6W79WgDS*cC ES<E[ OS7ET'V6G6_= ;OS7ET 5 IS;9WgETD*T;+T$@S;:<S7EES2<TG .Xg*CWERDR_IGT 'E<$lTM;6b$G _'WD*$S<ERDR_IGT'E<$lTM;6-lTER8SI_,GWgD%O*BTER>[$@S;%O*<EVKS9 9Sh*;Wh$TE'lT;I5;Sh;+S69lT_= ;=ER+lT9Z$= a6DIV:W'V6G6`7 GRM; ID9Wg=ERCT5$TEcI

¦ Ë³Â¤ ³ ¹ ³ ³¤ ¤±¢³ ³¤ ³¢¬¦² µ ©³« ¤q ¤± ² ¡²£ >G$lTcE « %T69Z; +T$$TE=ERCT5$TE7TCMGS$'5V7JTL7E =ER$S;BSDES<E[ b;$lTcEMEYO%T69Z;

¥3¦ =ERCT5$TEM;WhLV; =ERCT5$TEM;WhLV;+RES<E[ $f7 O_CYgO<EVKS9CWBTERM;WhLV;7TC$0MCTD9Wg_$V6%Xh;b;= ++Z<S;MEYO9Wg$ O7SI%Xh;OS;_= ;>GCT+T$_M7Z$TE5 b;O6W7 `GRCW'ITC_= ;c=c6 ' O;% T*`; ;O;I T=ERaD-; _-V*_JEK2$V++R7 O*8[$+ TDc=_@YgO-lTERBTERM;WhLV;6S*$G TI =ERCT5$TE M;WhLV;@V+TE5T+T$$TE'V6G6$ER`L_*V;L69Wg+R+ TDb;O;T'7a6Db- OS7ET'V6G6b;7GT6= ++Z<S;$ O;'lT;X*8X*BTKW_*V;c6 _@YgObM LR9 O; +lT;I;9WgOT+=ER_CV;c6 b;7GT6= ++Z<S;.Xg*`=Ec=7TC_IGT`GR'ITC_LWgD*9WgCW7 OM;WhLV; =ERCT5$TEM;WhLV;L I;9Wg_@VgC%Xh;_;YgO*+T$ _IGT9Wg> T;c=ES<E[ _= ;7 ;9Z;9T*$TE_*V; ¥4¦ ETDc6 ¾ ¶Ç£ ¤± ² ¡²£ _<WhD=ER$S;BSDES< ES<E[ _= ;ETDc6 7TCIS;9Wg9WgCW>G<S*'S<b- b;$EC:EEC =ER$S;BSDMGS*+T$MS$_<WhD=ER$S;BSD7 O`GRD$_GV$ _<WhD=ER$S;BSDES<7 OES<E[ _= ;ETDc6 _CYgO<EVKS9c6 ES<`+ *_= ;GTDGS$K5 OS$KE+T$<EVKS9>[ _OT=ER$S;7 O ¤³£Â n m³ n³ ¿¦± m³ Ë³¾¬ Å ETDc6 ' T+ T*`GR' T<lT_M;f++T$$TE_OT=ER$S;BSD7 OES<E[ _= ;ETDc6 b;*I69Wg c6 bM <EV$TE ® ¾ ¶Ç£¤² ¿¦±¾ µ z ¦¤² 6O$_<WhDES< <S;9X$b;$lTcEMEYO%T69Z;7TC_$53 '*' T* <EVKS9ER*S<$TEES<E[ ETDc6 6O$_<WhDES<LlTMES<_*V;bM $[ DYC9Wg' T*-lTER6O$_<WhD _$V;$lTM;6 ¯ _6YO;;S<+T$IS;9Wg'E<$lTM;6-lTER Annual Report 2012 / 2555

63 The Viriyah Insurance

IV EV D R = E R $S ; BS D

_*V;= ;>GES<<S;9X$b;$lTcEMEYO%T69Z;b;IS;9Wg<EVKS9CWLV9:V c6 ES<_*V;= ;>G ¤³£Â n ³ ® ¦¾ m³ ¸Ç® <EVKS9<S;9X$ETDc6 +T$LS T_- T.YhOa6DIV:WOS7ET6O$_<WhD9Wg`9 +EV* <EVKS9ER*S<$TEES<E[ ETDc6 6O$_<WhD+T$G[$M;Wh_- T.YhO9Wg' T*-lTER ' T*I6_$V;$I T ¯ *I6%Xh;c= MEYO$E5WCW% O< *-WhI TG[$M;Wh+RcC LTCTE8-lTERM;Wh c6 `G I <EVKS9+RMDZ6ES<E[ ETDc6 +T$G[$M;WhETD;Sh;9S;9W

¥5¦ ' Tb- + TD

m³«µ Â¬¢ ¿ ¿¦± m³Á n m³£Á ³¤ ² ³¤ m³«µ Â¬¢ ¿ ' TLV;cMC96`9;`GR' Tb- + TDb;$TE+S6$TE' TLV;cMC96`9;=ER$O<6 ID ' TLV;cMC96`9;`GR' Tb- + TDb;$TE+S6$TE' TLV;cMC 96`9;+T$$TEES<=ER$S;BSDa6D7E*`GR+T$$TEES<=ER$S;BSD7 O .Xg*`L6*7TCC[G' T%O*' TLV;cMC96`9;`GR' Tb- + TDOYg;9Wg_$WgDI% O* `GRETD$TE=ES<=EZ*LlTEO*' TLV;cMC96`9;%O**I6= ++Z<S;`GR *I6D$CT7O;7 ;= MS$6 IDC[G' T.T$`GR$TEES<'Y;OYg; ¤8 TCW¥ `GRMS$6 ID' TLV;cMCES<'Y;+T$$TE_OT=ER$S;BSD7 O9Wg_$WgDI% O*

' TLV;cMC96`9;`GR' Tb- + TDb;$TE+S6$TE' TLV;cMC96`9;+T$$TEES<=ER$S;BSDa6D7E*+RES<E[ _CYgOc6 ES<`+ *+T$>[ _OT=ER$S;BSD `GR=ERCT5$TE'ITC_LW D MTD9Wg _$V 6%Xh ; a6D? T DLV ;cMC96`9;MEYO =ERCT5$TE%O*<EV KS 9 =ER_CV ;'ITC_LW DMTDBTD;O$ C[G' T =ERCT5$TELV;cMC96`9;L[*LZ6+RcC _$V;9Z;=ER$S;%O*$EC:EEC 9Wg_$WgDI% O* ' TLV;cMC96`9;`GR' Tb- + TDb;$TE+S6$TE' TLV;cMC96`9;+T$$TEES<=ER$S;BSD7 O+RES<E[ _CYgOc6 ES<`+ *+T$<EVKS9=ER$S;7 O 7TC+lT;I;9Wg c6 ES<`+ * m³ n³ ¿¦± m³ Ë³¾¬ Å ' T+ T*`GR' T<lT_M;f+<S;9X$_= ;' Tb- + TD9S;9W b;*I6<S -W9Wg_$V6ETD$TE m³Á n m³£®¸Æ ' Tb- + TDOYg;<S;9X$_= ;' Tb- + TD9S;9W b;*I6<S -W9Wg_$V6ETD$TE

«²èè³¾ m³ Ë³¾ µ ³ ETD+ TDBTDb7 LS T_- T6lT_;V;*T;<S;9X$b;$lTcEMEYO%T69Z;a6DIV:W_L ;7E*7GO6OTDZLS T_- T =ERaD-; 9Wg c6 ES<7TCLS T_- T +RES<E[ b;$lTcEMEYO%T69Z;_= ;L I;M;Xg*%O*' T_- T9Sh*LVh;7TCLS T7GO6OTDZLS T_- T ' T_- T9WgOT+_$V6%Xh;7 O*;lTCTEIC'lT;I5 +lT;I;_*V;%Sh;7 lT9Wg7 O*+ TD7TCERDR_IGT9Wg'*_MGYO%O*LS T_- T _CYgOc6 ES<$TEDY;DS;$TE=ES<' T_- T

Annual Report 2012 / 2555

64 The Viriyah Insurance

IV EV D R = E R $S ; BS D

¤³£ m³£ ³ ³¤¾ µ 6O$_<WhD+ TD`GR' Tb- + TDb;9lT;O*_6WDI$S;<S;9X$b;$lTcEMEYO%T69Z;b;*I69Wg' Tb- + TD6S*$G TI_$V6%Xh;

¥6¦ BTKW_*V;c6 BTKW_*V;c6 +T$$lTcELlTMES<= =ER$O<6 IDBTKW_*V;c6 %O**I6= ++Z<S; .Xg*c6 `$ BTKW9Wg'T6I T+R+ TD-lTERa6D'lT;I5+T$$lTcE=ER+lT= 9Wg7 O*_LWDBTKW a6Db- OS7ETBTKW9Wg=ER$TJb- 5 IS;9WgETD*T; 7GO6+;$TE=ES<=EZ*9T*BTKW9Wg_$WgDI$S<ETD$TEb;= $ O;e

b;$TE$lTM;6C[G' T%O*BTKW_*V;c6 %O**I6= ++Z<S; <EVKS97 O*'lT;X*8X*>G$ER9<%O*L8T;$TE5 9T*BTKW9Wg cC `; ;O;`GROT+9lTbM +lT;I;BTKW9Wg7 O*+ TD_@VgC%Xh;`GRCW6O$_<WhD9Wg7 O*-lTER <EVKS9_-YgOI Tc6 7Sh*BTKW_*V;c6 ' T*+ TD_@WD*@OLlTMES<BTKW_*V;c6 9Wg+R+ TD b;O;T'7 .Xg * _$V 6 +T$$TE=ER_CV ; >G$ER9<+T$MGTD= + +S D EIC8X * $TE7W ' ITC9T*$0MCTDBTKW `GR+T$=ERL<$TE5 b ;O6W 7 $TE=ER_CV ;;Wh OD[ < ;@Yh ; 2T;$TE=ERCT5$TE`GR% OLCC7V2 T; `GROT++R_$Wg DI% O *$S< $TE7S 6 LV ;b+_$WgDI$S < _M7Z$TE5 b ;O;T'7 % OC[GbMC e OT++R9lTbM <EVKS9_=GWgD;$TE7S6LV;b+a6D%Xh;OD[ $S<'ITC_@WD*@O%O*BTKW_*V;c6 ' T*+ TD9WgCWOD[ $TE_=GWgD;`=G*b; BTKW_*V;c6 ' T*+ TD+R$ER9<7 O' Tb- + TDBTKW_*V;c6 b;*I69Wg_$V6$TE_=GWgD;`=G*

¥7¦ $lTcE7 OMZ ; <EV KS9`L6*$l TcE7 O MZ ; %Sh; @Yh; 2T;Ll T MES < MZ ; LTCS $l T cE7 O MZ ;%Sh ;@Yh ;2T;'l T ;I5a6D$TEMTE$l T cE%O*>[ 8Y O MZ ;LTCS %O*<EVKS9 6 ID+lT;I;MZ ;LTCS 8SI_,GWgD8 I*; lTM;S$9WgOO$+lTM; TD`GR_9WD<_9 T-lTER_7fCC[G' T`G IERMI T*=

² _*V;L6`GRETD$TE_9WD<_9 T_*V;L6 ¤@S ; <T9¥

¯²²²

¯²²±

_*V;L6 _-f'EO_EWD$_$f< _*V;?T$:;T'TE=ER_B9cC $lTM;6ERDR_IGT+ TD'Y; _*V;?T$:;T'TE=ER_B9+ TD'Y;_CYgOLVh;$lTM;6ERDR_IGT

®¬¨ °¨¯°¯ ²¯³¨µ¬µ °¨µ¬³¨´°²

¯¨´® ³®¨³²² °¨² ´¨´±°¨´¬¬

EIC_*V;L6`GR_*V;?T$L8T<S;$TE_*V; MS$ _*V;?T$L8T<S;$TE_*V;9WgCWERDR_IGT'E<$lTM;6_$V;$I T ¯ _6YO; ;S<`7 IS;9Wg c6 CT <I$ _*V;G*9Z;9WgCWERDR_IGT'E<$lTM;6cC _$V; ¯ _6YO;;S<`7 IS;9Wg c6 CT

®²©´´©¯¶

¶©°²¯©²°¶

¤°¨¬®®¨´°²¥ ®±µ¨±²±

¤³¨³°²¨µ¬¬¥ ¯µµ¨±¬¬

®©¶±°©¶¯µ

¯©²©®°¶

_*V;L6`GRETD$TE_9WD<_9 T_*V;L6 Annual Report 2012 / 2555

¬¨´®² °®¯ °³³ ±¨²¯³ ² ¯±¨¯°² ¤²¨®²´¥ ¯¶©´µ

°®¬¨±µ¬ ¬±¨³µ³ ¯²¨°²° ±²¨®° ²° ¯¨¬¬®¨°°¯ ¤²¯¨µ´¥ ¯©¶°¶©¯±²

®´ ®¨²² ¯ © © ³¨®° © ´©®¯±

°¯¨°°° ¬´¨´¯² ¯²¨µ°° ³¨³² ³¬ ¯¨¬°°¨µ¯ ¤²µ¨°²²¥ ¯©¶´²©±±´

EIC ®¨¯µ±¨³±´

¯²²²

³¨´²° ®±² °®¬ ¨¯µ¬ ±¨°´ ¯®¨³´ ¤µ¨´¬³¥ ¯¯©¶®®

Annual Report 2012 / 2555

®´©¶µ²

¯²²²

µ²¨µµ ³¨µ² ®¨¬¯ ®µ¨³° ²¨²®± ®¨¬´µ¨±²® ¤°²¨¯®²¥ ¯©±°©¯°³

¤¯¥ ² ±³ ¯ © µ¨³®³ © ¶©´¯´

7SI`9; >[ _OT `GR;TDM; T $TEES< =ER$S;BSD =ER$S;BSD =ER$S;BSD7 O ³¨¯³¬ ¨³²°¨¬¬± µ¨°¯²

¥²°²¦

¯²²±

¤@S ; <T9¥

®¬°¨¬²¬ ³®¨³´ ®¨²´¬ °¨®¯± ®¨¬°¯ ®¨¯®¨¬¬³ ¤±²¨¯¯¥ ¯©´²©µ´±

EIC ¨³´¬¨´

¯²²±

¤@S ; <T9¥

The Viriyah Insurance

M;WhL[ `GRM;WhL*LSD+RL[ ¥ETDc6 ¦ LlTMES<= LVh;LZ6IS;9Wg °® :S;IT'C

DS*cC 8X*$lTM;6ES<-lTER _$V;$lTM;6-lTER cC _$V; ¯¬ IS; ¯¬ IS; 8X* ²¬ IS; ²¬ IS; 8X* µ¬ IS; µ¬ IS; 8X* = _$V;$I T = EIC_<WhD=ER$S;BSD' T*ES< ¬² ' T_>YgOM;WhL*LSD+RL[ _<WhD=ER$S;BSD' T*ES< ª LZ9:V

7SI`9; >[ _OT `GR;TDM; T $TEES< =ER$S;BSD =ER$S;BSD =ER$S;BSD7 O ³¨µ³³ ®¨¯´¯¨¯¬° °¨°³³

5 IS;9Wg ¯ :S;IT'C ®±±± `GR ®±±° _<WhD=ER$S;BSD' T*ES<`D$7TCOTDZ CW6S*;Wh

³ _<WhD=ER$S;BSD' T*ES<

65 IV EV D R = E R $S ; BS D

66 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â´ G[$M;Wh`GRLV;9ES@D +T$$TE=ER$S;BSD7 O Â¯Â²Â²Â²

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

_*V;IT*cI +T$$TE=ER$S;BSD7 O _*V;' T*ES<_$WgDI$S<$TE=ER$S;BSD7 O L I;`< *M;WhLV;+T$LSÂ&#x2030;Â&#x2030;T=ER$S;BSD%O*>[ _OT=ER$S;BSD7 O

ÂµÂ³Â± Â®Â´Â®Â¨Â²Â³Â² Â±ÂµÂ±Â¨Â³ÂÂ³

Â³Â³Â¯ Â²Â´Â¨Â³Â²Â° ÂÂ¨Â¯Â±Â´Â¨Â®Â¬Â¯

EICG[$M;Wh`GRLV;9ES@D +T$$TE=ER$S;BSD7 O

ÂµÂ´Â¶Â©Â°Â³Âµ

Â®Â©Â±Â¯Â´Â©Â´Â±Â

5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± `GR Â®Â±Â±Â° _*V;' T*ES<_$WgDI$S<$TE=ER$S;BSD7 O`D$7TCOTDZ CW6S*;Wh

Â¯Â²Â²Â²

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

DS*cC 8X*$lTM;6ES<-lTER _$V;$lTM;6-lTER Â© cC _$V; Â = Â© BTDb; Â = 8X* Â® =

Â®Â±ÂµÂ¨Â³Â®Â¬

Â¯Â³Â¨Â¬Â°Â²

Â®ÂÂ¨Â¬Â±Â¬ ÂÂ¨ÂµÂ¬Â²

Â¯ÂÂ¨Â³ÂÂ² Â®

EIC_*V;' T*ES<_$WgDI$S<$TE=ER$S;BSD7 O

Â¯ÂµÂ¯Â©Â³Â´Â³

Â³ÂµÂ©Â´Â³Â±

Annual Report 2012 / 2555

67 The Viriyah Insurance

IV EV D R = E R $S ; BS D

µ _*V;G*9Z;b;MGS$9ES@D ¤@S ; <T9¥

_*V;G*9Z;_@YgO' T 7ETLTE9Z; M; IDG*9Z;

ET'T9Z;¬ ET'T9Z; 7S6+lTM; TD

¯²²²

¯²²±

C[G' T DZ7V:EEC

ET'T9Z;¬ ET'T9Z; 7S6+lTM; TD

C[G' T DZ7V:EEC

®¨µ®´¨²¯ ®¬¨±¬¬

²¨°´±¨¬®´ ®´¨¬¯¬

®¨²±±¨°² ®¬¨±¬¬

°¨¯¨®² ®²¨³µ¯

EIC ¨ $lTcE9WgDS*cC _$V6%Xh;+EV*+T$$TE _=GWgD;`=G*b;C[G' TDZ7V:EEC %O*_*V;G*9Z;_@YgO' T

®¨µ°µ¨¯

²¨±¯¨¬±´

®¨²³±¨²°²

°¨°¬¨¬¬µ

¯¨±²¯¨µ®³

¨°²°¨¯²¯

EIC_*V;G*9Z;_@YgO' T

³©²®°©²µ

±©®±©¶

µ¯´¨³³³ ±¬¨³±¯

¨°°¨®¯µ ²¨²²®

µ®²¨²³® ±¨µ®´

³¨®®¬¨¯¬´ ¯¨±®²

_*V;G*9Z;_>YgO%TD 7ETLTE9Z; M; IDG*9Z; EIC ¨ $lTcE9WgDS*cC _$V6%Xh;+EV*+T$$TE _=GWgD;`=G*b;C[G' TDZ7V:EEC%O* _*V;G*9Z;_>YgO%TD ¬² ' T_>YgO$TE6 OD' T

µ´µ¨±¯¬

¨²¬¨µ¬

µ³´¨²¬¬

³¨®¯¯¨´¯°

¬¨®¬²¨´µ¬ ¤¯±¨±µ¥

²¨®µ¬¨³±³ ¤¯±¨±®¯¥

EIC_*V;G*9Z;_>YgO%TD

®®©®³©¶®

´©¯°°©µ°±

Annual Report 2012 / 2555

68 The Viriyah Insurance

IV EV D R = E R $S ; BS D

¤@S ; <T9¥

¯²²±

C[G' T DZ7V:EEC

ET'T9Z;¬ ET'T9Z; ' T7S6+lTM; TD

C[G' T DZ7V:EEC

®¨²±°¨¯¯¯ ±®¬¨°®

®¨²²²¨µ³° ±®¯¨±´²

¯¨µ¨¬¯¬ ®¨¬®¬¨¯®

¯¨µ³¨²¯ ®¨¬®¯¨°³¬

°¨¬®®¨´°²

³¨³°²¨µ¬¬

EIC ¬² %T69Z;9WgDS*cC _$V6%Xh;+EV*+T$$TE _=GWgD;`=G*b;C[G' TDZ7V:EEC%O* _*V;G*9Z;+T$$TE_=GWgD;=ER_B9 _*V;G*9Z;

³¨µ³¨¯®

³¨®¯¨°¬²

®¨µ±´¨®°®

®¨µ²³¨µ´¯

¤¨¯°®¥

¤¨°³µ¥

EIC_*V;G*9Z;9Wg+R8YO+;'E<$lTM;6

®´©®¶²©¶´¶

®´©¯®°©±³

®¯©¶²³©´³°

®¯©¶³´©¶µ°

_*V;G*9Z;9Wg+R8YO+;'E<$lTM;6 7ETLTEM;WhES2<TG`GRES2IVLTM$V+ 7ETLTEM;WhBT'_O$-; _*V;?T$L8T<S;$TE_*V;9WgCWERDR_IGT'E< $lTM;6_$V;$I T ¯ _6YO;

ET'T9Z;¬ ET'T9Z; ' T7S6+lTM; TD

¯²²²

_*V;G*9Z;9SgIc= 7ETLTE9Z; ¬² ' T_>YgO$TE6 OD' T

®¯¨²µ¯ ¤µ¨³°®¥

EIC_*V;G*9Z;9SgIc=

®°¶©¶²®

¤$¥ 5 IS;9Wg ¯ :S;IT'C ®±±± _*V;?T$=ER+lT+lT;I; °µ G T;<T9 ¤®±±°¶ ±® G T;<T9¥ `GR@S;:<S7EES2<TG+lT;I; ¬ G T;<T9 ¤®±±°¶ ¯ G T;<T9¥ b- _= ;MGS$9ES@D 'hlT=ER$S;b;'6W'ITC%O*>[ _OT=ER$S;BSD ¤%¥ 5 IS;9Wg ¯ :S;IT'C ®±±± _*V;?T$=ER+lT+lT;I; ®¬ G T;<T9 ¤®±±°¶ ®¬ G T;<T9¥ b- _= ;MGS$9ES@D 'hlT=ER$S;I*_*V; _<V$_$V;<S -W

Annual Report 2012 / 2555

69 The Viriyah Insurance

IV EV D R = E R $S ; BS D

5 IS;9Wg ¯ :S;IT'C ®±±± `GR ®±±° ETDGR_OWD6_*V;G*9Z; CW6S*;Wh ¤@S ; <T9¥

¯²²²

_*V;G*9Z;_@YgO' T ¬¦² ¤² £q¤² ³¦¿¦±¤² ¨µ«³¬ µ © MZ ;9Z; EIC ¬¦² ¤² £q¾® © MZ ;9Z; © M; IDG*9Z; © b<LlT'S `L6*LV9:VMZ ;9Z; EIC EIC_*V;G*9Z;_@YgO' T

$lTcE9WgDS* %T69Z;9WgDS* ET'T9Z; cC _$V6%Xh;+EV* cC _$V6%Xh;+EV*

C[G' T DZ7V:EEC

E ODGR7 O LV;9ES@D EIC

²µ¨¬¬²

¯´¨²µ

¤²¨±µ®¥

¬¨¬¯¯

¬ª®°

³¶©³

°µ©³®¶

¥³©²¶¯¦

®®©°°

«¯±

®¨´±µ¨²®± ®¬¨±¬¬ © ¯©µµ©®¯² ¯©¶±¶©®°®

¯¨±®®¨®®² ³¨±¯¬ ±¨³®® °©²±²©±´µ °©²µ±©¶´

¤¯¨±³´¥ © © ¥®°©²´µ¦ ¥¯©®´¦

²¨¯²´¨®³¯ ®´¨¬¯¬ ±¨³®® ³©±®¯©¯² ³©²®°©²µ

°ª´µ ¬ª¬² ¬ª¬° ®±«¶¶ ®²«¯° ¤@S ; <T9¥

¯²²± $lTcE9WgDS* %T69Z;9WgDS* ET'T9Z; cC _$V6%Xh;+EV* cC _$V6%Xh;+EV* _*V;G*9Z;_@YgO' T ¬¦² ¤² £q¤² ³¦¿¦±¤² ¨µ«³¬ µ © MZ ;9Z; EIC ¬¦² ¤² £q¾® © MZ ;9Z; © M; IDG*9Z; © b<LlT'S `L6*LV9:VMZ ;9Z; EIC EIC_*V;G*9Z;_@YgO' T

C[G' T DZ7V:EEC

E ODGR7 O LV;9ES@D EIC

²±¨µµ´ ³²©¶¶µ

°¨³°¬ ®±©´±

¤³¨°±¥ ¥´©±²®¦

³¯¨®´³ ´°©¯µ´

¬ª®¯ «¯°

®¨±´µ¨°´ ®¬¨±¬¬ © ¯©³¶©³±µ ¯©³´²©³±³

¨±³¯¨³²° ²¨®µ¯ ®¨°³ ®©²µ¯©¯± ®©²¶³©¶±±

¤®±¨¯¬¥ © © ¥®¯²©®°¦ ¥®°¯©²µ®¦

°¨¬¯³¨³´® ®²¨³µ¯ ®¨°³ ±©³³©´¯¯ ±©®±©¶

®ª³¯ ¬ª¬´ ¬ª¬ ®¯«µ¯ ®°«²

Annual Report 2012 / 2555

70 The Viriyah Insurance

IV EV D R = E R $S ; BS D

¤@S ; <T9¥

_*V;G*9Z;_>YgO%TD ¬¦² ¤² £q¤² ³¦¿¦±¤² ¨µ«³¬ µ © MZ ;9Z; EIC ¬¦² ¤² £q¾® © MZ ;9Z; © M; IDG*9Z; © b<LlT'S `L6*LV9:VMZ ;9Z; EIC ¬² ' T_>YgO$TE6 OD' T EIC EIC_*V;G*9Z;_>YgO%TD

$lTcE9WgDS* %T69Z;9WgDS* ET'T9Z; cC _$V6%Xh;+EV* cC _$V6%Xh;+EV*

C[G' T DZ7V:EEC

¯²²² E ODGR7 O LV;9ES@D EIC

´µ¨´´² µ¶©µµ³

´µ¨¬® µ¶©¯®

³´¨µ¬³ ®´µ©¶´

¬ª°® «±¯

´°´¨´µ ±¬¨³±¯ © µ¶¶©³±± ¤¯±¨±µ¥ µ³±©®¯² ¶²±©®®

µ¨²´µ¨¯ ¯¨³´¯ °¯®¨µ®³ ®©®¯³©¯® © ®©®¯³©¯® ®©¯®²©±¯

¤±¨³µ³¥ ¤®¨¯±±¥ © ¥µ©®²¯¦ © ¥µ©®²¯¦ ¥µ©®²¯¦

¬¨±¯®¨°¬± ²¨²²® °¯®¨µ®³ ®©¶µ®©¶¶± © ®©¶µ®©¶¶± ®®©®³©¶®

®°ª²¯ ¬ª¬° ª¬ ¯²«³µ © ¯²«³µ ¯³«® ¤@S ; <T9¥

$lTcE9WgDS* %T69Z;9WgDS* ET'T9Z; cC _$V6%Xh;+EV* cC _$V6%Xh;+EV* _*V;G*9Z;_>YgO%TD ¬¦² ¤² £q¤² ³¦¿¦±¤² ¨µ«³¬ µ © MZ ;9Z; EIC ¬¦² ¤² £q¾® © MZ ;9Z; © M; IDG*9Z; © b<LlT'S `L6*LV9:VMZ ;9Z; EIC ¬² ' T_>YgO$TE6 OD' T EIC EIC_*V;G*9Z;_>YgO%TD

¯²²± C[G' T E ODGR7 O DZ7V:EEC LV;9ES@D EIC

´µ¨´´± µ¶©µµ²

°°¨¯°´ ±±©°±µ

¯°¨®¯¯ ®°±©¯°°

¬ª°® «±¯

´¯²¨³´³ ±¨µ®´ © µµµ©´®² ¤¯±¨±®¯¥ µ²°©®¶¯ ¶±°©´´

²¨µµ¨´ ®¬² ±´¨±° ³©¯²µ©®´® © ³©¯²µ©®´® ³©°¯©²®¶

¤´¨²³³¥ ¤¯¨¬´±¥ © ¥®®©´³¯¦ © ¥®®©´³¯¦ ¥®®©´³¯¦

³¨¬®³¨µ® ¯¨±®² ±´¨±° ´©¶¶©³® © ´©¶¶©³® ´©¯°°©µ°±

®®ª² ¬ª¬° ¬ª´ ¯¯«°µ © ¯¯«°µ ¯¯«µ

Annual Report 2012 / 2555

71 The Viriyah Insurance

IV EV D R = E R $S ; BS D

¤@S ; <T9¥

ET'T9Z; 7S6+lTM; TD

¯²²² E ODGR7 O LV;9ES@D EIC

ET'T9Z; 7S6+lTM; TD

¯²²± E ODGR7 O LV;9ES@D EIC

®¨±¬°¨´¯± ±¬¨¬¬¬ °µ¨°µ´ °¬¨¬¬¬ ¬¨¬¬¬

±ª´± ¬ª® ¬ª® ¬ª¬µ ¬ª¬®

¯¨°¨¬¯¬ © © °¬¨¬¬¬ ¬¨¬¬¬

µªµ¬ © © ¬ª¯ ¬ª¬¯

EIC ¬² %T69Z;9WgDS*cC _$V6%Xh;+EV*+T$$TE _=GWgD;`=G*b;C[G' TDZ7V:EEC%O* _*V;G*9Z;+T$$TE_=GWgD;=ER_B9 _*V;G*9Z;

¯©³²±©°°°

³«¯

°©®¶®©°

®«³

¤¨¯°®¥

¤¨°³µ¥

EIC

¯©³²¯©¶¶®

³«¯

°©®µ¶©²²®

®«³

¬¦² ¤² £q¾® © 7SjILS Tb- _*V;`GR7SjI`G$_*V; © MZ ;$[ `GRMZ ;$[ `=G*LBT@

¬¬¨¬¬¬ °®¬¨°®

¬ª®° ¬ªµ´

¨´¬¬¨¬¬¬ ®®¬¨¯®

±ª²´ ¬ª²µ

EIC

²¯©®±¯

®«¯¯

¯©¯©°®¯

³«°´

¾ µ ³ « ³ ² ³¤¾ µ ¶Æ ¤ Ë³¬ ¾ µ ¨m³ ¾ ¸® © _*V;?T$:;T'TE@T5V-D © <S7E_*V;?T$L8T<S;$TE_*V;

¬¨²®¨´°² ¯¨´²¬¨¬¬¬

®¯ª³² µª¬¯

³¨¯°²¨µ¬¬ °¬¬¨¬¬¬

®¯ª³ ª®²

EIC

®±©¯¯©µ±³

°¯«´¶

´©´±³©¶

¯±«±°

EIC_*V;G*9Z;9Wg+R8YO+;'E<$lTM;6

®´©®¶²©¶´¶

±«¯®

®¯©¶²³©´³°

±«µ³

_*V;G*9Z;9Wg+R8YO+;'E<$lTM;6 ¬¦² ¤² £q¤² ³¦¿¦±¤² ¨µ«³¬ µ © @S;:<S7EES2<TGc9D © @S;:<S7EES2IVLTM$V+ © 7SjI_*V;'GS* © MZ ;$[ `GRMZ ;$[ `=G*LBT@ © LGT$OOCLV;`GR<S7EOOC9ES@D

Annual Report 2012 / 2555

72 IV EV D R = E R $S ; BS D

The Viriyah Insurance

¤@S ; <T9¥

ET'T9Z;

¯²²² E ODGR7 O LV;9ES@D EIC

ET'T9Z;

¯²²± E ODGR7 O LV;9ES@D EIC

_*V;G*9Z;9SgIc= © MZ ;9Z;

®¯¨²µ¯

¬ª¯¯

®¯¨²µ¯

¬ª°°

EIC ¬² ' T_>YgO$TE6 OD' T

¯°®©³¶° ¤µ¨³°®¥

«°° ©

¯°®©³¶° ¤µ¨³°®¥

«±± ©

EIC_*V;G*9Z;9SgIc=

®°¶©¶²®

«°°

®°¶©¶²®

«±±

5 IS;9Wg ¯ :S;IT'C ®±±± `GR ®±±° _*V;G*9Z;b;7ETLTEM;Wh9Wg+S6=ER_B9_= ;_*V;G*9Z;9Wg+R8YO+;'E<$lTM;6+lT`;$7TCERDR_IGT 'E<$lTM;6CW6S*;Wh ¤@S ; <T9¥

¯²²² 'E<$lTM;6 ® = ® = 8X* ² =

_$V; ² =

EIC

¯²²± 'E<$lTM;6 ® = ® = 8X* ² =

_$V; ² =

EIC

7ETLTEM;Wh9Wg+R8YO+;'E<$lTM;6 ¤³«³¤¬ ¶Ç¤² ³¦¿¦±¤² ¨µ«³¬ µ © @S;:<S7EES2<TGc9D © @S;:<S7EES2IVLTM$V+ © 7SjI_*V;'GS* © MZ ;$[ `GRMZ ;$[ `=G*LBT@ © LGT$OOCLV;`GR<S7EOOC9ES@D

¨³¯¨µ°¬ ³¬µ¨°¯ © ±¬¨¬¬¬ °µ¨°µ´ © ®±¨¬¬¬ © © ¬¨¬¬¬

²¯¨°²° ®¨±¬°¨´¯± ®¨±°´¨¯±® ±²µ¨µ² © ±¬¨¬¬¬ © © © °µ¨°µ´ © © ±¨¬¬¬ °¬¨¬¬¬ © ®±¨¬¬¬ © ¬¨¬¬¬ © ¬¨¬¬¬

®®¨³³ ¯¨°¨¬¯¬ © © © © ±¨¬¬¬ °¬¨¬¬¬ © ¬¨¬¬¬

EIC ¬² %T69Z;9WgDS*cC _$V6%Xh;+EV*

®©µ³©±°µ ´³¶©±°® © ©

´µ©±³± ¯©³²±©°°° ¯©²±µ©°²¯ ³±©¶³® ¤¨¯°®¥ ¤¨¯°®¥ © ©

°´©´®´ °©®¶®©° ¤¨°³µ¥ ¤¨°³µ¥

EIC

®©µ³©±°µ ´³¶©±°®

´´©®¯¯ ¯©³²¯©¶¶® ¯©²±µ©°²¯ ³±©¶³®

°³©¯°µ °©®µ¶©²²®

Annual Report 2012 / 2555

73 The Viriyah Insurance

IV EV D R = E R $S ; BS D

¤@S ; <T9¥

¯²²² 'E<$lTM;6 ® = ® = 8X* ² =

_$V; ² =

EIC

¯²²± 'E<$lTM;6 ® = ® = 8X* ² =

_$V; ² =

EIC

7ETLTEM;Wh9Wg+R8YO+;'E<$lTM;6 ¤³«³¤¬ ¶Ç¡³ ¾® © 7SjILS Tb- _*V;`GR7SjI`G$_*V; © MZ ;$[ `GRMZ ;$[ `=G*LBT@

¬¬¨¬¬¬ ®±¨°®

¬¬¨¬¬¬ ¨´¬¬¨¬¬¬ °®¬¨°® ¬¨¬¬¬

EIC

¯±¨°®

¯±¨¬¬¬

³¬¨¬¬¬

±®¬¨°® ¨´¬¨¬¬¬

°¬¨¯®

³¬¨¬¬¬ ®¨¬®¬¨¯®

¾ µ ³ « ³ ² ³¤¾ µ ¶Æ ¤ Ë³¬ _$V;$I T¯ _6YO; ¬¨®¨´°² © _*V;?T$:;T'TE@T5V-D ¯¨´²¬¨¬¬¬ © <S7E_*V;?T$L8T<S;$TE_*V;

±¬¨¬¬¬ ©

EIC

²©

®±©¯¯©µ±³ ´©´±³©¶

´©´±³©¶

®°©¶´¯©µ±³

EIC7ETLTEM;Wh9Wg+R8YO'E<$lTM;6 ®³©¶±©±¯³ ¶²±©±°® ®±´©®¯¯ ®´©®¶²©¶´¶ ®¯©®²©¯²¯ ´±²©¯´° ®³©¯°µ ®¯©¶²³©´³° EIC_*V;G*9Z;b;7ETLTEM;Wh

®³©¶±©±¯³

¶²±©±°®

®±´©®¯¯ ®´©®¶²©¶´¶ ®¯©®²©¯²¯

Annual Report 2012 / 2555

´±²©¯´°

®³©¯°µ ®¯©¶²³©´³°

74 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â¶ _*V;bM $[ DYC ÂµÂªÂ _*V;bM $[ DYC 5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± _*V;bM $[ DYC=ER$O<6 ID

ERDR_IGT' T*-lTER

9ES@D LV;+lT;O*_= ;=ER$S; 6O$_<WhD _*V;7 ; ' T*ES<Â§

OYg;e

Â¤@S ; <T9Â¥

EIC

_*V;7 ;

6O$_<WhD ' T*ES<Â§

_*V;7 ;

6O$_<WhD ' T*ES<Â§

EIC

DS*cC 8X*$lTM;6-lTER _$V;$I T$lTM;6-lTER ; OD$I T Â¯ _6YO; Â¯ _6YO; 8X* Â² _6YO; Â² _6YO; 8X* ÂÂ® _6YO; CT$$I T ÂÂ® _6YO;

Â¯Â¬Â¬Â¨Â¬Â®Â®

Â®Â²Âµ

Â®ÂÂ¨Â±ÂÂ¯

Â©

Â¯Â®ÂÂ¨Â±Â¯Â±

Â®Â²Âµ

Â¯Â®ÂÂ¨Â´Â¬Â°

Â© Â®Â°Â ÂÂ¬Â² Â®Â´Â®Â¨Â²Â¯Â

Â© Â¯ Â© ÂÂ®Âµ

Â© Â© Â© Â©

Â© Â®Â°Â ÂÂ¬Â² Â®Â´Â®Â¨Â²Â¯Â

Â© Â¯ Â© ÂÂ®Âµ

Â© Â®Â°Â° ÂÂ¬Â² Â®Â´Â®Â¨Â³Â²Â¬

EIC

Â²ÂµÂ°Â©ÂÂÂ

Â±ÂÂ®

Â¯Â®Â©Â²Â®Â°

Â³ÂÂ±Â©Â²Â®Â°

Â±ÂÂ®

Â³ÂÂ±Â©Â¶Â®Â±

5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â° _*V;bM $[ DYC=ER$O<6 ID

ERDR_IGT' T*-lTER

9ES@D LV;+lT;O*_= ;=ER$S; 6O$_<WhD _*V;7 ; ' T*ES<Â§

OYg;e

Â¤@S ; <T9Â¥

EIC

_*V;7 ;

6O$_<WhD ' T*ES<Â§

_*V;7 ;

6O$_<WhD ' T*ES<Â§

EIC

DS*cC 8X*$lTM;6-lTER _$V;$I T$lTM;6-lTER ; OD$I T Â¯ _6YO; Â¯ _6YO; 8X* Â² _6YO; Â² _6YO; 8X* ÂÂ® _6YO; CT$$I T ÂÂ® _6YO;

Â®Â´Â¬Â¨Â²Â±Â¯

Â®Â®Â®

Â¯Â´Â¨Â´ÂÂ¬

Â©

Â¯ÂÂµÂ¨Â°Â²Â¯

Â®Â®Â®

Â¯ÂÂµÂ¨Â²Â´Â±

Â°Â±Â¨Â³Â°Â³ Â© Â´Â±Â³ Â®Â´Â®Â¨Â°Â±Â¯

Â¯ÂÂ¯ Â© Â´ Â®Â¨Â¯Â¬Â

Â© Â© Â© Â©

Â°Â±Â¨Â³Â°Â³ Â© Â´Â±Â³ Â®Â´Â®Â¨Â°Â±Â¯

Â¯ÂÂ¯ Â© Â´ Â®Â¨Â¯Â¬Â

Â°Â²Â¨Â¬Â²Â¬ Â© Â´Â²Â± Â®Â´Â°Â¨Â³Â±Â°

EIC

Â³ÂÂ¶Â©Â´Â®Â

Â¯Â©ÂµÂ±Â±

Â°ÂµÂ©ÂµÂ®Â

Â³Â±ÂµÂ©Â²Â¯Â

Â¯Â©ÂµÂ±Â±

Â³Â²Â®Â©Â°Â³Â±

Â¦ `L6*EICOD[ b;ETDc6 +T$$TEG*9Z;' T*ES<b;*<`L6*2T;R$TE_*V; Annual Report 2012 / 2555

75 IV EV D R = E R $S ; BS D

The Viriyah Insurance

µª® G[$M;Wh7TCLS T_- T.YhOE8D;7 5 IS;9Wg ¯ :S;IT'C ®±±± `GR ®±±° G[$M;Wh7TCLS T_- T.YhOE8D;7 +lT`;$7TCOTDZM;Wh CW6S*;Wh ¤@S ; <T9¥

ERDR_IGT' T*-lTER

¯²²² ¯²²± G[$M;Wh7TC G[$M;Wh7TC G[$M;Wh7TC 6O$>G_- T.YhO LS T_- T.YhO G[$M;Wh7TC 6O$>G_- T.YhO LS T_- T.YhO LS T_- T.YhO EO$TE7S6<S -W '*_MGYOLZ9:V LS T_- T.YhO EO$TE7S6<S -W '*_MGYOLZ9:V

DS*cC 8X*$lTM;6-lTER _$V;$I T$lTM;6-lTER ; OD$I T ¯ _6YO; ¯ _6YO; 8X* ² _6YO; ² _6YO; 8X* ® _6YO; CT$$I T ® _6YO;

°¬¨µ³°

¤±¨®®¯¥

®±¨³±

´®¨±¬µ

¤µ¨²¬´¥

²®¨µ¬

®¨²³³ ´° ² ©

¯¨®µ° ®µ° ¯° ³

EIC ¬² ' T_>YgOM;WhL*LSD+RL[

®±°©µ¶³ ¤®¨±³¯¥

¥®²©¯¯°¦ ©

®¯µ©³´° ¤®¨±³¯¥

¯¨®µ° ®µ° ¯° ³ ®µ³©®°µ ¤¯¨¯¯¬¥

¥®¶©³µ¦ ©

®³³©²° ¤¯¨¯¯¬¥

LZ9:V

®±®©°¯°

¥®²©¯¯°¦

®¯³©®

®µ¯©µµ

¥®¶©³µ¦

®³°©¯

Annual Report 2012 / 2555

Â¯Â¯Â¨Â¬Â²Â² Â®Â³Â¨Â±Â´Âµ Â© Â©

Â³ÂÂ©Â³Â²Â² ÂÂ²Â®Â¨Â´Â°Âµ Â¤Â°Â¨Â®Â±Â´Â¥

Â¯Â®Â¶Â©Â¯Â±Â³

5 IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â± `GR Â® C$ET'C Â¯Â²Â²Â² _@VgC%Xh; +lTM; TD

Annual Report 2012 / 2555

5 IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â²

Â²Â©Â³Â´Â¯

Â®Â²Â²Â©ÂµÂ±Â³

Â®Â¯Â³Â©Â²ÂµÂ° Â¯Â¬Â¨Â®Â±Â± Â¤ÂµÂµÂ®Â¥

ÂÂ®Â¯Â¨Â²ÂÂ³ Â¯Â¨ÂÂ¬Â± Â¤ÂÂ¯ÂµÂ¥ Â©

Â¯Â´Â©Â±Â´Â®

Â¯Â³Â©ÂÂ±Â³ ÂÂ¨Â°Â®Â± Â©

Â®Â±Â¨Â¯Â±Â® Â¯Â®Â± Â© Â¯Â²Âµ

Â¯Â©Â³Â°Â¶

Â®Â©Â°Â²Â± ÂÂ¨Â®Â´Â± Â©

ÂÂ¨ÂÂ¯Â± Â®ÂÂµ Â© Â©

Â®Â±Â´Â©Â°ÂµÂ

Â®Â±Â¶Â©Â¶Â³Â± ÂÂ°Â¨Â¬Â¬Â³ Â¤ÂÂ²Â¨Â±ÂµÂÂ¥

ÂÂ°Â´Â¨ÂÂ¯Â³ ÂÂµÂ¨Â±Â±Â® Â¤ÂÂ³Â¨Â³Â®Â±Â¥ Â©

Â²Â¯ÂµÂ©Â¶ÂµÂ³

Â²ÂÂ¶Â©Â´ÂµÂ² Â°Â´Â¨Â´Â´Â± Â¤Â®ÂµÂ¨Â²Â´Â°Â¥

Â±ÂÂÂ¨Â´Â³Â´ Â®Â²Â¨ÂÂ´Â³ Â¤Â®Â´Â¨Â¯Â²ÂÂ¥ Â´Â

ÂµÂ´Â³Â©ÂµÂ°Â³ Â®Â²Â®Â¨Â¯Â¬Â¯ Â¤Â±ÂÂ¨Â±Â®Â±Â¥

EIC

Â°Â´Â± Â®Â©ÂÂµÂ´Â©Â³Â®Â±

Â¯Â³Â° Â©

Â© Â´Â³Â Â© Â¤Â´Â³ÂÂ¥

LV;9ES@D _'EYgO*7$`7 * ERMI T* L I;=ES<=EZ* ER<<cAA T `GR_'EYgO*b- $ OLE T* OT'TE OT'TE `GR;hlT=ER=T DT;@TM;R LlT;S$*T; `GR7V67Sh*

Â¤@S ; <T9Â¥ The Viriyah Insurance

Â¯Â©Â±Â±Â¶ Â¯Â¨Â®Â®Â¯ Â©

Â®Â¨Â¯Â°Â± ÂÂ¬Â° Â© Â©

L I;=ES<=EZ* 9Wg6V; 9Wg6V;

ET'T9Z; 5 IS;9Wg Â C$ET'C Â®Â±Â±Â° _@VgC%Xh; +lTM; TD aO;

Â®Â 9Wg6V; OT'TE `GROZ=$E5

76 IV EV D R = E R $S ; BS D

Â© Â©

Â°Â°Â©ÂÂ³Â³

Â³ÂÂ©Â³Â²Â²

Â¯Â®Â¶Â©Â¯Â±Â³

5 IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â± `GR Â® C$ET'C Â¯Â²Â²Â² ' T_LYgOCET'TLlTMES<= +lTM; TD

5 IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â²

C[G' TLZ9:V7TC<SÂ&#x2030;-W 5 IS;9Wg Â® C$ET'C Â¯Â²Â²Â±

Annual Report 2012 / 2555

5 IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â± `GR Â® C$ET'C Â¯Â²Â²Â²

5 IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â²

Â²Â©Â³Â´Â¯

Â¯Â©Â±Â±Â¶

Â¯Â©Â°Â±Â²

Â© Â©

Â© Â© Â© Â©

Â®Â¯Â±Â©Â³Â´Â´

Â®ÂÂ®Â©ÂÂµÂ²

Â®ÂÂ±Â©Â¯Â±Â±

Â°Â®Â©Â®Â³Â¶

Â¯Â²Â©Â±Â¶Âµ Â²Â¨Â±Â°Â± Â¤Â´Â³Â°Â¥

ÂÂµÂ¨Â¯Â³Â¯ Â²Â¨ÂÂ®Â± Â© Â©

Â¯Â®Â©Â®Â®Â´

Â¯Â®Â©ÂÂ±Â²

Â¯Â®Â©Â³Â¯Â²

Â³Â©Â°Â²Â±

Â²Â©ÂÂÂ® ÂÂ¨Â¯Â±Â¯ Â©

Â¯Â¨Â³Â®Â³ ÂÂ¨Â®Â³Â° Â© Â©

Â®Â©Â°Â¯Â°

Â°ÂÂ®

Â±Â°Âµ

Â®Â©Â°Â®Â³

Â®Â©ÂÂ²Â° Â®Â²Â¯ Â©

Â²ÂµÂ³ Â¯Â±Â² Â© Â©

Â²Â±Â©Â´Â´Â±

Â³Â±Â©Â²Â¶Â°

Â³Â´Â©Â±ÂÂ¶

Â¶Â¯Â©Â³ÂÂ³

ÂµÂ²Â©Â°Â´Â® ÂÂ´Â¨Â¬Â´Â® Â¤ÂÂ¬Â¨Â´Â°Â³Â¥

Â´Â¬Â¨Â³Â®Â´ Â®Â®Â¨Â¯ÂÂ² Â¤ÂÂ³Â¨Â²Â³Â¯Â¥ Â©

ÂµÂ´Â©Â±ÂÂ±

Â´Â±Â©ÂÂ°Â²

ÂµÂ²Â©ÂÂÂ°

Â±Â±Â®Â©Â²ÂµÂ¯

Â±Â°Â²Â©Â´Â²Â Â¯Â°Â¨Â°Â¬Â´ Â¤Â®Â´Â¨Â±Â³Â²Â¥

Â°Â®Â²Â¨Â´Â³Â± Â¯Â²Â¨ÂµÂ¯Â³ Â¤Â®Â´Â¨Â¬Â³Â²Â¥ ÂÂ°

Â°Â´Â±

Â© Â©

Â© Â© Â© Â©

Â²Â®Â±Â©Â²ÂµÂ´

Â°Â¯Â±Â©Â®Â³Â°

Â°Â®Â±Â©Â®Â°Â

Â²Â´Â°Â©ÂÂ¯Â´

Â²Â²Â¯Â©Â³Â´Â° Â²Â¬Â¨Â²Â±Â Â¤Â°Â¬Â¨Â®ÂµÂ³Â¥

Â±Â¯ÂÂ¨Â°Â¬Â¬ Â²Â³Â¨Â¬Â¬Â´ Â¤Â°Â±Â¨Â³Â°ÂµÂ¥ ÂÂ°

EIC The Viriyah Insurance

ET'T9ES@D LV;%O*<EVKS9$ O;MS$' T_LYgOCET'TLRLC%O*OT'TE`GROZ=$E5 .Xg*c6 MS$' T_LYgOCET'T_7fC+lT;I;`G I`7 DS*'*b- *T;+;8X* 5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± CW+lT;I; Â¯Â´Â G T;<T9 Â¤Â®Â±Â±Â°Â¶ Â¯Â³Â® G T;<T9Â¥

Â© Â© Â© Â©

' T_LYgOCET'TLRLC 5 IS;9Wg Â C$ET'C Â®Â±Â±Â° ' T_LYgOCET'TLlTMES<= +lTM; TD aO;

L I;=ES<=EZ* 9Wg6V; 9Wg6V;

LV;9ES@D _'EYgO*7$`7 * ERMI T* L I;=ES<=EZ* ER<<cAA T `GR_'EYgO*b- $ OLE T* OT'TE OT'TE `GR;hlT=ER=T DT;@TM;R LlT;S$*T; `GR7V67Sh*

Â¤@S ; <T9Â¥

77 IV EV D R = E R $S ; BS D

78 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â®Â® LV;9ES@D cC CW7SI7; Â¤@S ; <T9Â¥

' T@S4;TER<<

.OA9 `IE 'OC@VI_7OE

EIC

ET'T9Z; 5 IS;9Wg Â C$ET'C Â®Â±Â±Â° _@VgC%Xh;

ÂÂµÂ¨Â®Â°Â Â³Â¨ÂµÂ±Â¯

Â°Â®Â¨Â³Â±Â´ Â±Â¨Â¬Â´Â¬

Â²ÂÂ¨ÂµÂµÂµ ÂÂ¯Â¨Â¬Â¯Â¯

5 IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â± `GR Â® C$ET'C Â¯Â²Â²Â² _@VgC%Xh;

Â¯Â´Â©Â®Â¶Â± Â®Â¨ÂµÂµÂ´

Â±Â´Â©ÂµÂ°Âµ Â²Â¨Â³Â³Â±

Â´Â²Â©ÂÂ°Â¯ ÂµÂ¨Â³Â³Â¯

5 IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â²

Â°ÂÂ©Â®Â¶Â¯

Â²Â±Â©Â³Â®Â°

ÂµÂ±Â©ÂµÂÂ²

' T7S6+lTM; TDLRLC 5 IS;9Wg Â C$ET'C Â®Â±Â±Â° ' T7S6+lTM; TDLlTMES<=

ÂÂ°Â¨Â¯ÂµÂ³ Â®Â¨Â°Â°Â®

Â®Â²Â¨ÂÂ°Â¬ Â¯Â¨Â²Â°Â°

Â°Â¬Â¨Â±Â¯Â³ Â²Â¨Â¬Â´Â²

5 IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â± `GR Â® C$ET'C Â¯Â²Â²Â² ' T7S6+lTM; TDLlTMES<=

Â®Â³Â©ÂµÂ°Â¶ Â¯Â¨Â°ÂµÂ²

Â¯Â¶Â©Â´ÂµÂ± Â¯Â¨Â¯Â³Â¯

Â±Â³Â©Â³Â¯Â° Â²Â¨Â´Â²Âµ

5 IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â²

Â¯ÂÂ©Â°Â°Â²

Â°Â°Â©Â®Â²Â´

Â²Â°Â©Â±Â¶Â¯

C[G' TLZ9:V9T*<SÂ&#x2030;-W 5 IS;9Wg Â® C$ET'C Â¯Â²Â²Â±

Â±Â©ÂµÂ±Â±

Â®Â³Â©Â³Â®Âµ

Â¯Â®Â©Â±Â³Â¯

Â®ÂÂ©Â°Â²Â²

Â®ÂµÂ©ÂÂ²Â±

Â¯ÂµÂ©Â±ÂÂ¶

Â¶Â©ÂµÂ²Â´

Â¯Â®Â©Â±Â²Â³

Â°Â®Â©Â°Â®Â°

5 IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â± `GR Â® C$ET'C Â¯Â²Â²Â² 5 IS;9Wg Â°Â® :S;IT'C Â¯Â²Â²Â²

Annual Report 2012 / 2555

79 The Viriyah Insurance

IV EV D R = E R $S ; BS D

®¯ G[$M;WhOYg; G[$M;WhOYg;c6 `$ G[$M;WhOYg;e G[$M;Wh+T$$TE+lTM; TD_*V;G*9Z; G[$M;Wh+T$$TE_GV$LS T_- T.YhO G[$M;Wh+T$$TEDX6E8 G[$M;Wh_-f''Y; G[$M;Wh+T$$TEES<LBT@M;Wh ¤EICL I;9Wg aO;CT+T$_<WhD=ER$S;BSD' T*ES<+T$<EVKS99Wg_$WgDI% O*$S;<T*`M *¥ `GRG[$M;WhERMI T*6lT_;V;'6W 9Sh*;Wh G[$M;WhOYg;`L6*LZ9:V+T$' T_>YgOM;WhL*LSD+RL[ 5 IS;9Wg ¯ :S;IT'C CW6S*;Wh

¯²²² G[$M;WhOYg; ¬² ' T_>YgOM;WhL*LSD+RL[ LZ9:V M;WhL[ `GRM;WhL*LSD+RL[ ¤ETDc6 ¥ LlTMES<=

¤@S ; <T9¥

¯²²±

¯²¯¨±±³ ¤®³´¨´®µ¥

¯µ®¨°´´ ¤®´³¨¯²®¥

µ±©´¯µ

®²©®¯³

±©µ´³

¥±©´³´¦

®° LV;9ES@D OYg; ¤@S ; <T9¥

MCTD_M7Z

¯²²²

´°¨³®´ ±¨±®´ © ¬´¨®²³ ±°¨µ²µ ¨®®µ ®¨´°¬ ´¨¯®³ © ±¨´´¬ °¨¯³² ®¨±´

¬±¨®² © ¬³¨³¬³ ¬´¨¬´ ¯´¨²´® ¬¨°¬¬ ´¨¬® ®¨¬³´ °¯¨´® °¨µ±´ © ®¨®±¬

°±°¨²²®

°°¨±

G[$M;WhOYg; G[$M;Wh$ECLEE@T$E BTKW_*V;c6 + TDG I*M; T _-f'EO_EWD$_$f< _*V;=ER$S;`GR_*V;CS6+lT 9ES@D LV;EO$TE%TD © LZ9:V G[$M;Wh_*V;96EO* ' Tb- + TD+ TDG I*M; T BTKW8[$MS$ 5 9Wg+ TD BTKW.YhO9WgDS*cC 8X*$lTM;6 LV;9ES@D 9Wg8YOcI _@YgO%TD OYg;e EIC Annual Report 2012 / 2555

¯²²±

80 The Viriyah Insurance

IV EV D R = E R $S ; BS D

$TE_=GWgD;`=G*ERMI T*= ®±±± `GR ®±±° %O*9ES@D LV;EO$TE%TD CW6S*;Wh ¤@S ; <T9¥

¯²²² =ER_B99ES@D LV;EO$TE%TD

DO67 ;=

_@VgC%Xh;

+lTM; TD

DO6=GTD=

9ES@D LV;9Wg c6 +T$$TE-lTERM;Wh OLS*MTEVC9ES@D ¬² ' T_>YgO6 OD' T

®¨²´² ¤®¨®´²¥

´®µ ©

¯¨±± ¤®¨®´²¥

9ES@D LV;EO$TE%TD ª LZ9:V

®©±

µ¯¶

®®©¯¯¶ ¤@S ; <T9¥

¯²²± =ER_B99ES@D LV;EO$TE%TD

DO67 ;=

_@VgC%Xh;

+lTM; TD

DO6=GTD=

9ES@D LV;9Wg c6 +T$$TE-lTERM;Wh OLS*MTEVC9ES@D ¬² ' T_>YgO6 OD' T

°¨´´² ¤®¨®´²¥

¤®¨®¬¬¥ ©

®¨²´² ¤®¨®´²¥

9ES@D LV;EO$TE%TD ª LZ9:V

®¯©³

¥¯©¯¦

®©±

9Sh*;Wh<EVKS9LTCTE8MT>G=ERaD-; +T$LV;9ES@D 9Wg cC c6 b- b;$TE6lT_;V;*T;6S*$G TI% T*7 ;c6 7TC=ER$TJ$ER9EI*@T5V-D I T6 ID $TEG*9Z;=ER$O<:ZE$V+OYg;%O*<EVKS9=ER$S;IV;TJBSD

Annual Report 2012 / 2555

81 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â®Â± _+ TM;Wh<EVKS9=ER$S;BSD7 O Â¯Â²Â²Â² _<WhD=ER$S;BSD7 O' T*+ TD _*V;8YOcI +T$$TE=ER$S;BSD7 O _*V;' T*+ TD_$WgDI$S<$TE=ER$S;BSD7 O EIC_+ TM;Wh<EVKS9=ER$S;BSD7 O

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

Â²Â¨Â¬Â´Â® Â³Â¬Â¨Â®Â³Â³ Â®Â²Â¨Â®Â³Â®

ÂµÂ¨ÂÂµÂ® Â³Â¬Â¨Â®Â¬Â² Â®ÂµÂ¨Â³Â°Â²

Â®ÂÂ¯Â©Â³Â°Â®

Â®ÂÂ¶Â©Â®Â±Â±

Â®Â² LlTEO*' TLV;cMC96`9;`GR' TLV;cMC96`9;' T*+ TD Â¯Â²Â²Â² 5 IS;9Wg Â C$ET'C ' TLV;cMC96`9;`GR' Tb- + TDb;$TE+S6$TE' TLV;cMC96`9;9Wg _$V6%Xh;ERMI T*= Â© _$V6%Xh;`G I`7 DS*cC c6 ES<ETD*T; Â© _$V6%Xh;`G I`7 DS*cC c6 7$G*`GR7$G*`G I ' TLV;cMC96`9;`GR' Tb- + TDb;$TE+S6$TE' TLV;cMC96`9; + TDERMI T*= 5 IS;9Wg Â°Â® :S;IT'C

Annual Report 2012 / 2555

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

Â³Â¨Â´Â®Â¬Â¨Â´Â³Â´

Â±Â¨Â°Â¬Â´Â¨Â¯Â¯Â²

Â© ÂÂ°Â¨Â¬Â®ÂÂ¨Â²Â³Âµ

Â¤Â±ÂÂ¬Â¨Â¯Â°Â³Â¥ ÂÂ°Â¨Â°Â²Â®Â¨Â´ÂÂ®

Â¤ÂÂ°Â¨Â¯Â°Â¯Â¨Â¬Â°Â´Â¥

Â¤ÂÂÂ¨Â±Â¯ÂµÂ¨ÂµÂ®Â¯Â¥

Â´Â©Â±Â¶Â¶Â©Â²ÂÂ¶

Â´Â©ÂµÂ¯ÂÂ©ÂµÂ´Âµ

82 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â®Â³ LlTEO*_<WhD=ER$S;BSD Â®Â³Â«Â® LlTEO*_<WhD=ER$S;BSD9WgDS*cC 8YO_= ;ETDc6 Â¯Â²Â²Â² 5 IS;9Wg Â C$ET'C _<WhD=ER$S;BSDES<LlTMES<= _<WhD=ER$S;BSD9Wg8YO_= ;ETDc6 b;= 5 IS;9Wg Â°Â® :S;IT'C

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

Â®Â±Â©Â³Â´ÂµÂ©ÂÂ°Â¶

Â®ÂÂ©Â³Â¶Â¶Â©Â²Â¶Âµ

Â®Â³Â«Â¯ LlTEO*'ITC_LWgD*BSD9WgDS*cC LVh;LZ6 5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± <EVKS9cC CW$TE7Sh*LlTEO*'ITC_LWgD*BSD9WgDS*cC LVh;LZ6 _;YgO*+T$LlTEO*'ITC_LWgD*BSD9WgDS*cC LVh;LZ69Wg=ERCT5 %Xh;%O*<EVKS9CW+lT;I; ÂµÂ¨Â³Â°Â² G T;<T9 Â¤Â®Â±Â±Â°Â¶ Â²Â¨ÂµÂ°Â° G T;<T9Â¥ .Xg*CW+lT;I;7 lT$I TLlTEO*_<WhD=ER$S;BSD9WgDS*cC 8YO_= ;ETDc6

Â®Â´ BTER>[$@S;>G=ERaD-; @;S$*T; Â¯Â²Â²Â²

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

*<`L6*2T;R$TE_*V; BTER>[$@S;b;*<`L6*2T;R$TE_*V;LlTMES< a'E*$TE>G=ERaD-; 9Wg$lTM;6cI

Â®Â´Â¬Â¨Â°Â®Â¬

Â®Â¯ÂµÂ¨Â²Â°Â²

EIC

Â¯ÂµÂÂ©Â±Â¯Â

Â¯Â°Â¶Â©Â³Â±Â³

Annual Report 2012 / 2555

83 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â¤@S ; <T9Â¥

LlTMES<= LVh;LZ6IS;9Wg Â¯Â :S;IT'C

Â¯Â²Â²Â²

*<$lTcE%T69Z;_<f6_LEf+ ES<E[ b;$lTcEMEYO%T69Z; a'E*$TE>G=ERaD-; 9Wg$lTM;6cI

Â°Â²Â¨Â®ÂµÂ³

Â®Â°Â¨ÂµÂ±Â°

EIC

Â±Â³Â©Â¯Â¶Â´

Â¯Â±Â©Â¶Â²Â±

Â¯Â²Â²Â±

>G=ERaD-; @;S$*T;MGS*OO$+T$*T; <EVKS9CW a'E*$TE>G=ERaD-; @;S$*T;MGS*OO$+T$*T; EIC9Sh*a'E*$TE>G=ERaD-; 9Wg$ lTM;6cI .Xg*a'E*$TE>G=ERaD-; 9Wg$lTM;6cI _= ;=ER_B99Wg cC c6 +S6bM CW$O*9Z; C[G' T= ++Z<S;%O*BTER>[$@S;9Wg cC c6 +S6bM CW$O*9Z; 5 IS;9Wg Â¯Â :S;IT'C CW6S*7 Oc=;Wh

Â¯Â²Â²Â²

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

a'E*$TE>G=ERaD-; 9Wg$lTM;6cI

Â®Â´Â¬Â¨Â°Â®Â¬

Â®Â¯ÂµÂ¨Â²Â°Â²

EICC[G' T= ++Z<S;%O*BTER>[$@S;9Wg cC c6 +S6bM CW$O*9Z;

Â¯ÂµÂÂ©Â±Â¯Â

Â¯Â°Â¶Â©Â³Â±Â³

$TE_=GWgD;`=G*b;C[G' T= ++Z<S;%O*BTER>[$@S;%O*a'E*$TE>G=ERaD-; 9Wg$lTM;6cI

Â¯Â²Â²Â²

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

BTER>[$@S;%O*a'E*$TE>G=ERaD-; 5 IS;9Wg Â C$ET'C 7 ;9Z;<EV$TE= ++Z<S; 6O$_<WhD >G=ERaD-; 9Wg+ TDb;ERMI T*= %T69Z; Â¤$lTcEÂ¥ +T$$TE=ERCT5$TE7TCMGS$'5V7JTL7E =ER$S;BSD

BTER>[$@S;%O*a'E*$TE>G=ERaD-; 5 IS;9Wg Â°Â® :S;IT'C

Â¯ÂµÂÂ©Â±Â¯Â

Â¯Â°Â¶Â©Â³Â±Â³

Annual Report 2012 / 2555

84 The Viriyah Insurance

IV EV D R = E R $S ; BS D

' Tb- + TD9WgES<E[ b;$lTcEMEYO%T69Z; LlTMES<= LVh;LZ6IS;9Wg Â¯Â :S;IT'C

Â¯Â²Â²Â²

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

7 ;9Z;<EV$TE= ++Z<S; 6O$_<WhD %T69Z; Â¤$lTcEÂ¥ +T$$TE=ERCT5$TE7TCMGS$'5V7JTL7E =ER$S;BSD

ÂÂ³Â¨Â±Â³Â¬ Â²Â¨Â±Â¯Â² Â®Â®Â¨ÂÂµÂ

ÂÂ³Â¨Â´Â´Â¬ Â´Â¨ÂµÂÂ´ Â¤ÂÂ¨Â´Â°Â°Â¥

EIC

Â±Â³Â©Â¯Â¶Â´

Â¯Â±Â©Â¶Â²Â±

' Tb- + TD9WgES<E[ b;ETD$TE7 Oc=;WhES<E[ b;*<$lTcE%T69Z;_<f6_LEf+ LlTMES<= LVh;LZ6IS;9Wg Â¯Â :S;IT'C

Â¯Â²Â²Â²

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

' Tb- + TDb;$TE+S6$TE' TLV;cMC96`9; ' Tb- + TDb;$TEES<=ER$S;BSDOYg; ' Tb- + TDb;$TE6lT_;V;*T;

Â±Â®Â± Â¤ÂÂ¨Â¯ÂµÂ¬Â¥ Â°Â³Â¨ÂÂ²Â®

Â²Â¨Â°ÂÂ® Â®Â¨Â´Â¬Â¯ ÂÂ±Â¨Â³Â¯Âµ

EIC

Â±Â³Â©Â¯Â¶Â´

Â¯Â±Â©Â¶Â²Â±

% OLCC7VMGS$b;$TE=ERCT5$TE7TCMGS$$TE'5V7JTL7E =ER$S;BSD 5 IS;9WgETD*T; CW6S*7 Oc=;Wh

Â¯Â²Â²Â² OS7ET'V6G6 OS7ET$TE_@VgC%Xh;%O*_*V;_6YO;b;O;T'7 OS7ET$TEGTOO$%O*@;S$*T;

Â®ÂªÂµ Â© Â°ÂªÂ´ Â°ÂªÂ¬ Â© Â³ÂªÂ± Â®ÂªÂ± Â© ÂµÂªÂ

Â¤E O DGRÂ¥

Â¯Â²Â²Â±

Â¯ÂªÂ Â© Â±ÂªÂ Â°ÂªÂ¬ Â© Â³ÂªÂ± Â®ÂªÂ± Â© ÂµÂªÂ±

% OLCC7V2T;_$WgDI$S<OS7ETCE5Rb;O;T'7 8YO7TC% OC[G9T*L8V7V9Wg_>D`@E 9SgIc= `GR7TET*CE5Rc9D Â®Â±Â±Â=ER_B9LTCSÂ&#x2030;

Annual Report 2012 / 2555

85 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â®Âµ M;WhLV;OYg; Â¯Â²Â²Â² ' T+ T*`GR' T<lT_M;f+' T*+ TD _+ TM;Wh;TDM; T`GR7SI`9; BTKWC[G' T_@VgC' T*+ TD _<WhD+ TD_$V;;TDM; T`GR7SI`9; BTKWMS$ 5 9Wg+ TD' T*+ TD _*V;LC9<' T*+ TD _+ TM;WhOYg; BTKW%TD9WgDS*cC 8X*$lTM;6 OYg;e EIC

Annual Report 2012 / 2555

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

ÂÂ¨Â®Â´Â³Â¨Â´Â¯Â²

Â´ÂµÂ¯Â¨Â´ÂÂ

86 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â®Â¶ 9Z;_EYO;MZ ; Â¤<T9Â¥

Â¤@S ; MZ ; Â«@S ; <T9Â¥

Â¯Â²Â²Â²

Â¯Â²Â²Â±

C[G' TMZ ;7 OMZ ;

+lT;I;MZ ;

+lT;I;_*V;

+lT;I;MZ ;

+lT;I;_*V;

9Z;+69R_<WD; 5 IS;9Wg Â C$ET'C Â© MZ ;LTCSÂ&#x2030;

ÂÂ¬Â¬

Â®Â¬Â¨Â¬Â¬Â¬

Â®Â¨Â¬Â¬Â¬Â¨Â¬Â¬Â¬

Â®Â¬Â¨Â¬Â¬Â¬

Â®Â¨Â¬Â¬Â¬Â¨Â¬Â¬Â¬

5 IS;9Wg Â°Â® :S;IT'C Âª MZ ;LTCSÂ&#x2030;

Â®ÂÂ

Â¯ÂÂ©ÂÂÂ

Â¯Â©ÂÂÂÂ©ÂÂÂ

Â¯ÂÂ©ÂÂÂ

Â¯Â©ÂÂÂÂ©ÂÂÂ

ÂÂ¬Â¬ Â±Â¬

ÂÂ°Â¨Â¬Â¬Â¬ Â²Â¨Â¬Â¬Â¬

ÂÂ¨Â°Â¬Â¬Â¨Â¬Â¬Â¬ Â¯Â¬Â¬Â¨Â¬Â¬Â¬

ÂÂ°Â¨Â¬Â¬Â¬ Â²Â¨Â¬Â¬Â¬

ÂÂ¨Â°Â¬Â¬Â¨Â¬Â¬Â¬ Â¯Â¬Â¬Â¨Â¬Â¬Â¬

Â±Â¬

Â²Â¨Â¬Â¬Â¬

Â¯Â¬Â¬Â¨Â¬Â¬Â¬

Â©

Â®ÂÂ Â²Â

Â¯ÂÂ©ÂÂÂ

Â¯Â©ÂÂÂÂ©ÂÂÂ

Â®Â±Â©ÂÂÂ Â³Â©ÂÂÂ

Â®Â©Â±ÂÂÂ©ÂÂÂ Â°ÂÂÂ©ÂÂÂ

9Z;9WgOO$`GR-lTER`G I 5 IS;9Wg Â C$ET'C Â© MZ ;LTCSÂ&#x2030; Â© MZ ;LTCSÂ&#x2030; -lTER' TMZ ;_@VgCbM _7fCC[G' T Â© +T$ Â±Â¬ <T9 _= ; ÂÂ¬Â¬ <T9 5 IS;9Wg Â°Â® :S;IT'C Âª MZ ;LTCSÂ&#x2030; Âª MZ ;LTCSÂ&#x2030;

9Wg=ER-ZC'5R$EEC$TE%O*<EVKS9_CYgOIS;9Wg Â¯ _CKTD; Â®Â±Â±Â± CWC7V bM _EWD$-lTER' TMZ ;bM _7fCC[G' T+T$>[ 8YOMZ ; +lT;I;MZ ; Â² G T;MZ ; 9Wg-lTER' TMZ ;<T*L I; a6D_EWD$-lTER_@VgCMZ ;GR Â±Â¬ <T9 _= ;+lT;I;_*V;EIC Â¯Â¬Â¬ G T;<T9 <EVKS9c6 ES<-lTER' TMZ ;6S*$G TI'E<8 I;`G I b;_6YO;_CKTD; Â®Â±Â±Â±

Annual Report 2012 / 2555

87 The Viriyah Insurance

IV EV D R = E R $S ; BS D

¯ LlTEO* $TE+S6LEE$lTcE

¹ «Ë³¤® ³¢ ¬¢³£ 7TC<9<S S7V`M *@ERET-<S S7V<EVKS9CMT-;+lT$S6 @ªJª ®±¯± CT7ET ² <EVKS9+R7 O*+S6LEE9Z;LlTEO* ¤ LlTEO*7TC$0MCTD ¥ OD T*; ODE ODGR ± %O*$lTcELZ9:V=ER+lT= MGS*+T$MS$%T69Z;LRLCD$CT ¤8 TCW¥ +;$I TLlTEO*6S*$G TICW+lT;I;cC ; OD$I TE ODGR ¬ %O*9Z;+69R_<WD; _*V;LlTEO*;Wh+R;lTc=+ TD_= ;_*V;= ;>GcC c6

«Ë³¤® ®¸Æ LlTEO*OYg;+S6LEE7TCC7V%O*>[ 8YOMZ ;_@YgOIS78Z=ERL*' 9SgIc=%O*<EVKS9 ® q ¤± ® ®¸Æ ® «m¨ ® ºn ¸®¬¹n ¦ m³ ³ ³¤¾ ¦¶Æ£ ¿ ¦ Á ¢º¦ m³£¹ µ ¤¤¢ >G7 T *+T$$TE_=GWg D ;`=G*b;C[ G ' T DZ 7V : EEC`L6*b;L I ;%O*_+ T %O*=ER$O<6 I D>GEIC$TE_=GWg D ;`=G*b;C[ G ' T DZ 7V : EEC%O* LV;9ES@D 9T*$TE_*V;_>YgO%TD+;$ER9Sg*CW$TE7S6ETD$TEMEYO_$V6$TE6 OD' T

¯® ETD*T;9T*$TE_*V;+lT`;$7TCL I;*T; <EVKS96lT_;V;:ZE$V+b;L I;*T;9T*:ZE$V+_6WDI'YO :ZE$V+=ER$S;BSD `GR6lT_;V;:ZE$V+b;L I;*T;9T*B[CVJTL7E _@WD*L I;*T;_6WDI'YO b;=ER_9Jc9D 6S*;Sh;+X*CV c6 CW$TE_L;OETD*T;9T*$TE_*V;+lT`;$7TCL I;*T;:ZE$V+MEYOB[CVJTL7E ;O$_M;YO+T$$TE_L;OETD*T; 7TC% O$lTM;6%O*LlT;S$*T;'5R$EEC$TE$lT$S<`GRL *_LEVC$TE=ER$O<:ZE$V+=ER$S;BSD

Annual Report 2012 / 2555

88 The Viriyah Insurance

IV EV D R = E R $S ; BS D

¯¯ $TEETD*T;% OC[G7TC=ER_B9$TEES<=ER$S;BSD

=ER$S; OS''WBSD ETDc6 +T$$TEES<=ER$S;BSD _<WhD=ER$S;BSDES< ¬² _<WhD=ER$S;BSD7 O

=ER$S;BSD 9T*9R_G `GR%;L *

¯²²² =ER$S;BSD E8D;7

¤@S ; <T9¥

=ER$S; OZ<S7V_M7Z =ER$S;BSD L I;<Z''G _<f6_7Gf6OYg;

EIC

¯³¯¨±®³ ¤®®¬¨°±°¥

³µ¨®¬ ®±¨±°²¨²¬³ ¤¯°¨´±±¥ ¤³°¨±°±¥

±°¬¨´®µ ¤°¨¬³¥

¨±°¨´±± ®´¨±°¨µ¯´ ¤®¯¨°³¥ ¤°µ°¨¬³®¥

_<WhD=ER$S;BSDES<LZ9:V ¬² _*V;LlTEO*_<WhD=ER$S;BSD 9WgDS*cC 8YO_= ;ETDc6

±¯¨¬³¯

°°¨®²± ®±¨°³®¨¬²®

°µµ¨³±´

¨¯µ¨³¬´ ®³¨²²¬¨´²²

¤´¨¬´µ¥

¤®¬¨°°®¥ ¤¯¨°±³¨³µ¥

¤²°¨²³®¥

¤°°¨³³¥ ¤¯¨µ³±¨±¯¥

ETDc6 _<WhD=ER$S;BSDLZ9:V ETDc6 ' T+ T*`GR' T<lT_M;f+

¯°¨µ´° µ®¨³²

®¯¨´®¯ ®®¨¬°¨´´¯ ¬¨´®¬ ¨°³´

°¯±¨¬´² ®¨µµ±

µ³²¨µ¯³ ®¯¨²´±¨³¯ ¯µ¨µ´µ ²³¨µµ´

EICETDc6

¯¯´©´

®°±©³±° ¯¯©¯³©°³®

±±µ©µ®

®©®³©¶¯³ ¯°©µ²°©´®®

³¯¨³®³

±´¨°¯µ ¯¨¬´³¨µ®µ

®±´¨±°µ

°´°¨±²± °¨¬²¯¨®¬µ

¯³¨±± ³¨µ®µ

®²¨²´ °¨³

' Tb- + TDb;$TEES<=ER$S;BSD ' TLV;cMC96`9;`GR' Tb- + TD b;$TE+S6$TELV;cMC96`9; ' T+ T*`GR' T<lT_M;f+ ' Tb- + TDb;$TEES<=ER$S;BSDOYg;

°¨¯¯²¨µ¯± ¨²®±¨²µ´

µ²¨µ°² ±°¨µµ®

®³®¨µ±µ ²¨±®

°¨´³¬¨µ³¯ ¨´±°¨´°®

EIC' Tb- + TDb;$TEES<=ER$S;BSD ' Tb- + TDb;$TE6lT_;V;*T;

®¬¨³´µ¨¬®° ¯¨¬´¬¨´¯°

EIC' Tb- + TD

¯°©µ³¶©µ²µ

Annual Report 2012 / 2555

89 The Viriyah Insurance

=ER$S; OS''WBSD ETDc6 +T$$TEES<=ER$S;BSD _<WhD=ER$S;BSDES< ¬² _<WhD=ER$S;BSD7 O

IV EV D R = E R $S ; BS D

=ER$S;BSD 9T*9R_G `GR%;L *

¯²²± =ER$S;BSD E8D;7

¤@S ; <T9¥

=ER$S; OZ<S7V_M7Z =ER$S;BSD L I;<Z''G _<f6_7Gf6OYg;

EIC

¯±®¨¯²µ ¤µ²¨³°³¥

¯´¨¯± µ¨µ²¨´´ ¤¯±¨°´±¥ ¤µ¨®µ´¥

¯³¯¨´²° ¤¯³¨®³¯¥

¨¯¨®²° ®¨µ¯µ¨¬¬¬ ¤®µ¨³³±¥ ¤°´¨±³´¥

¯¯²¨±µ

µ´¯¨°´µ ®¨±®¬¨°®®

_<WhD=ER$S;BSDES<LZ9:V ¬² _*V;LlTEO*_<WhD=ER$S;BSD 9WgDS*cC 8YO_= ;ETDc6

±±¨²®®

¬®¨´¯¬ µ¨µ°¨´µ¬

¤¬¨³®¯¥

¤¯¨´´®¥

ETDc6 _<WhD=ER$S;BSDLZ9:V ETDc6 ' T+ T*`GR' T<lT_M;f+

¤´¨´³®¥

®µ¨µ´³

¤¯µ¨°³¬¥

¤®±®¨µ²¬¥

°°¨´µµ ¬¯¨¬³²

´´¨µ°´ µ¨´®¯¨¬´ ®¨¯´µ ®¨´´°

¯²²¨±³´ µ¨¯µ

´°°¨¬µ ®¨®²³¨°²® °®¨²³ ´¬¨°

EICETDc6

¯±´©¶´²

®®©°°´ ®¶©µ¯²©¶¯

°µ²©¶³¶

µµ³©³¶ ¯®©±±´©µ´°

' Tb- + TDb;$TEES<=ER$S;BSD ' TLV;cMC96`9;`GR' Tb- + TD b;$TE+S6$TELV;cMC96`9; ' T+ T*`GR' T<lT_M;f+ ' Tb- + TDb;$TEES<=ER$S;BSDOYg;

®²¯¨²µ¯ ¯¨¯³° °¨µ®´

¯²¨®²® ¨µ¬¨®² ®®¨¬¯± ¯¨¯®¨¬´ ±¨µ²² ¨°®¯¨´´°

®®µ¨³³³ ³²¨´°µ °¨³´²

°±®¨²¯ ®¨´´¯¨±³µ ®¬¨®± ¯¨³°¯¨°¬ ¯°¨°´µ ¨²¨¬±¯

EIC' Tb- + TDb;$TEES<=ER$S;BSD ' Tb- + TDb;$TE6lT_;V;*T;

´¨®¯´¨¬¯¯ ®¨²±µ¨¯²

EIC' Tb- + TD

¯©µ¶´©°±¶

Annual Report 2012 / 2555

90 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â¯Â° ' Tb- + TDb;$TE6lT_;V;*T; Â¯Â²Â²Â² ' Tb- + TD@;S$*T;9Wg cC b- ' Tb- + TD$TEES<=ER$S;BSD `GR$TE+S6$TELV;cMC96`9; ' Tb- + TD_$WgDI$S<OT'TEL8T;9Wg`GROZ=$E5 9Wg cC b- ' Tb- + TD$TEES<=ER$S;BSD ' TBTKWOT$E M;WhL[Â&#x2030;`GRM;WhL*LSD+RL[Â&#x2030; Â¤ETDc6 Â¥ ' Tb- + TDb;$TE6lT_;V;*T;OYg; EIC

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

ÂÂ¨Â°Â´ÂÂ¨Â¬Â¯Â¯

ÂÂ¨Â®ÂµÂ±Â¨Â¯Â±Â´

Â¯Â± ' Tb- + TD>G=ERaD-; @;S$*T; Â¯Â²Â²Â²

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

>[ <EVMTE _*V;_6YO; ' T`E* a<;SL `GR' T7O<`9;$EEC$TE >G=ERaD-; MGS*OO$+T$*T;

ÂµÂ®Â¨Â®ÂµÂ° ÂÂ¨Â²Â¯Â

ÂµÂÂ¨Â¬Â¬Â® ÂÂ¨Â±Â°Â³

EIC

ÂµÂ¯Â¨ÂµÂ®Â±

ÂµÂ®Â¨Â±Â°Âµ

@;S$*T;OYg; _*V;_6YO; ' T`E* `GRa<;SL >G=ERaD-; MGS*OO$+T$*T;

ÂÂ¨Â²ÂµÂ®Â¨Â´Â³Â Â°Â°Â¨Â²Â²Â²

ÂÂ¨Â°Â´Â²Â¨Â²Â¯Â° Â®Â¯Â¨Â°Â¬Â³

EIC

ÂÂ¨Â³Â¯Â³Â¨Â±Â¯Â³

ÂÂ¨Â±ÂÂ¬Â¨Â¬Â°Â

EIC

Annual Report 2012 / 2555

91 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â¯Â² BTKW_*V;c6

BTKW_*V;c6 b;*<$lTcE%T69Z;_<f6_LEf+`7$7 T*+T$+lT;I;BTKW_*V;c6 9Wg'lT;I5a6D$TEb- OS7ETBTKW_*V;c6 '[5$S<DO6$lTcELZ9:V7TC<SÂ&#x2030;-W LlTMES<= _;YgO*+T$'ITC`7$7 T*ERMI T*$TEES<E[ ETDc6 `GR' Tb- + TD9T*<SÂ&#x2030;-W$S<ETDc6 `GR' Tb- + TD9T*BTKW<T*ETD$TEa6D_,@TR OD T*DVg*b;_EYgO*_$WgDI$S<$lTcE Â¤%T69Z;Â¥ 9WgDS*cC _$V6%Xh;%O*MGS$9ES@D _@YgO' T ' T_>YgOM;WhL*LSD+RL[Â&#x2030; LlTEO*_<WhD=ER$S;BSD9WgDS*cC 8YO _= ;ETDc6 LlTEO*' TLV;cMC96`9;`GRBTER>[$@S;>G=ERaD-; @;S$*T;

$TEG6OS7ETBTKW_*V;c6 ;V7V<Z''G @ERET-$FK0W$T7TC'ITCb;=ERCIGESK0T$EI T6 ID$TEG6OS7ET`GRD$_I ;ESK0T$E ,<S<9Wg Â±Â¯Â¬ @ÂªJÂª Â®Â±Â±Â° G*IS;9Wg Â®Â :S;IT'C Â®Â±Â±Â° bM G 6OS 7 ETBTKW _ *V ; c6 ;V 7V <Z ' 'GLl T MES < $l T cELZ 9 :V _ = ; ERDR_IGTLTCEO<ERDR_IGT<S Â&#x2030; -W c 6 ` $ = Â®Â±Â±Â± Â®Â±Â±Â² `GR Â®Â±Â±Â³ +T$OS7ETE ODGR Â¯Â¬ _MGYOOS7ETE ODGR Â®Â¯ LlTMES<EO<ERDR_IGT<SÂ&#x2030;-W Â®Â±Â±Â± 9Wg_EVgCb;MEYOMGS*IS;9Wg Â C$ET'C Â®Â±Â±Â± `GRE ODGR Â®Â¬ %O*$lTcELZ9:VLlTMES<LO*EO<ERDR_IGT<SÂ&#x2030;-W8S6CT Â¤Â®Â±Â±Â² `GR Â®Â±Â±Â³Â¥ 9Wg_EVgCb;MEYOMGS*IS;9Wg Â C$ET'C Â®Â±Â±Â² `GR Â®Â±Â±Â³ 7TCGlT6S<

9Sh*;Wh_= ;9Wg_-YgOc6 I TES2<TG+R6lT_;V;$TE`$ c%$0MCTD_@YgObM OS7ETBTKW cC L[*c=$I TE ODGR Â®Â¬ LlTMES<EO<ERDR_IGT<SÂ&#x2030;-W9Wg_EVgC b;MEYOMGS*IS;9Wg Â C$ET'C Â®Â±Â±Â´ _= ;7 ;c= 9Sh*;Wh_@YgObM _= ;c=7TCC7V'5RES2C;7EW_CYgOIS;9Wg ÂÂ 7ZGT'C Â®Â±Â±Â° b;$TE_@VgC%W6 'ITCLTCTE8b;$TE`% *%S;%O*=ER_9J

Â¯Â³ $lTcE7 OMZ ;%Sh;@Yh;2T; $lTcE7 OMZ ;%Sh;@Yh;2T;LlTMES<`7 GR= LVh;LZ6IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± `GR Â®Â±Â±Â° 'lT;I5+T$$lTcELlTMES<= 9Wg_= ;L I;%O*>[ 8YOMZ ;%O* <EVKS9`GR+lT;I;MZ ;LTCSÂ&#x2030;9WgOO$+lTM; TD`GR_9WD<_9 T-lTER_7fCC[G' T`G IERMI T*= a6DIV:W8SI_,GWgD8 I*;hlTM;S$ `L6*$TE'lT;I56S*;Wh Â¤@S ; <T9Â«@S ; MZ ; Â¥

Â¯Â²Â²Â²

Â¯Â²Â²Â±

ÂÂ³Â¨Â¬Â¬Â¬

Â®Â¨Â¬Â°Âµ

Â©

+lT;I;MZ ;LTCSÂ&#x2030;9WgOO$+lTM; TD`GR_9WD<_9 T-lTER_7fCC[G' T`G I a6DIV:W8SI_,GWgD8 I*; lTM;S$

Â®Â¶Â©ÂÂ±Â¶

Â®Â´Â©ÂÂÂ

$lTcE7 OMZ ; Â¥%Sh;@Yh;2T;Â¦ Â¥<T9Â¦

Â®Â¯Â³Â«Â´Â

ÂµÂ±Â«ÂÂ

$lTcE9Wg_= ;L I;%O*>[ 8YOMZ ;%O*<EVKS9 Â¥%Sh;@Yh;2T;Â¦ +lT;I;MZ ;LTCSÂ&#x2030;9WgOO$+lTM; TD`GR_9WD<_9 T-lTER_7fCC[G' T`G I 5 IS;9Wg Â C$ET'C >G$ER9<+T$MZ ;9WgOO$+lTM; TD`GR_9WD<_9 T-lTER_7fCC[G' T`G I a6DIV:W8SI_,GWgD8 I*; lTM;S$ 5 IS;9Wg Â®Â² _CKTD; Â®Â±Â±Â±

Annual Report 2012 / 2555

92 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â¯Â´ _'EYgO*CYO9T*$TE_*V;

;aD<TD$TE+S6$TE'ITC_LWgD*9T*6 T;$TE_*V; <EVKS9CW'ITC_LWgD*+T$$TE6lT_;V;:ZE$V+7TC=$7V+T$$TE_=GWgD;`=G*OS7ET6O$_<WhD`GROS7ET`G$_=GWgD;_*V;7ET7 T*=ER_9J `GR +T$$TEcC = 1V <S 7V 7 TC% O $l T M;67TCLS Â&#x2030; Â&#x2030;T%O*'[ LS Â&#x2030; Â&#x2030;T <EV KS 9 cC CW $ TE8Y O MEY O OO$_'EYg O *CY O 9T*$TE_*V ; 9Wg _ = ; 7ETLTEO;Z @S ; : _@YgO$TE_$f*$lTcEMEYO$TE' T

$TE+S6$TE'ITC_LWgD*_= ;L I;9WgLlT'SÂ&#x2030;%O*:ZE$V+%O*<EVKS9 <EVKS9CWER<<b;$TE'I<'ZCbM CW'ITCLC6ZG%O*ER6S<'ITC_LWgD*9WgDOCES<c6 a6D@V+TE5TERMI T*7 ;9Z;9Wg_$V6+T$'ITC_LWgD*`GR7 ;9Z;%O*$TE+S6$TE'ITC_LWgD* ? TD<EVMTEc6 CW$TE'I<'ZC$ER<I;$TE$TE+S6$TE 'ITC_LWgD*%O*<EVKS9OD T*7 O_;YgO*_@YgObM CSg;b+I TCW'ITCLC6ZGERMI T*'ITC_LWgD*`GR$TE'I<'ZC'ITC_LWgD*

$TE<EVMTE+S6$TE9Z; IS78Z=ERL*' b;$TE<EVMTE+S6$TE9Z;%O*<EVKS9 'YO$TE+S6bM CW a'E*LE T*9T*$TE_*V;9Wg_MCTRLC_@YgO$TE6lTE*cI .Xg*'ITCLTCTE8b;$TE 6lT_;V;*T;OD T*7 O_;YgO* `GR$TE6lTE*_*V;$O*9Z;bM _= ;c=7TC% O$lTM;6%O*LlT;S$*T;'5R$EEC$TE$lT$S<`GRL *_LEVC$TE=ER$O< :ZE$V+=ER$S;BSD `GR_@YgOES$KT'ITC_-YgOCSg;%O*>[ 8YOMZ ; >[ 8YO$EC:EEC =ER$S;BSD <EVKS9=ER$S;BSD7 O `GR>[ 9WgCWL I;c6 _LWDOYg;`GR $ ObM _$V6$TE@S4;T%O*:ZE$V+b;O;T'7 '5R$EEC$TEc6 CW$TE$lT$S<6[`G>G7O<`9;+T$$TEG*9Z; .Xg*<EVKS9@V+TE5T+T$LS6L I; %O*>G7O<`9;+T$$V+$EEC6lT_;V;*T;7 OL I;%O*>[ 8YOMZ ;

'ITC_LWgD*6 T;OS7ET6O$_<WhD 'ITC_LWgD*6 T;OS7ET6O$_<WhD_$V6+T$$TE_=GWgD;`=G*9Wg+R_$V6%Xh;b;O;T'7%O*OS7ET6O$_<WhD9WgCW>G$ER9<7 OETDc6 6O$_<WhD+T$ $TEG*9Z ; .Xg * =ER$O<6 I D$TEG*9Z ; =ER_B9ERDRLSh ; `GRERDRDTIa6DCW > G7O<`9;_= ; OS 7 ET6O$_<Wh D GOD7S I `GR'*9Wg <EV KS 9 c6 <EVMTE'ITC_LWgD*+T$$TEG*9Z; a6D'lT;X*8X*'ITC_LWgD*+T$$TEG*9Z;'I<'[ $S<'ITC_MCTRLC%O*>G7O<`9;+T$$TEG*9Z;;Sh;

Annual Report 2012 / 2555

ÂÂ¨ÂµÂ°Â¯Â¨ÂµÂ®Â´

EIC

ÂÂ²ÂÂ¨Â°Â±Â°

Annual Report 2012 / 2555

Â´Â²Â¨Â±Â³Â´

Â®Â¨Â¬Â¬Â±Â¨ÂÂ¯Âµ

EIC

Â³Â¨Â³Â°Â²Â¨ÂµÂ¬Â¬ Â°Â±Â²Â¨Â´Â¯Â² ÂÂ²Â¯Â¨Â®Â¬Â¬

Â© Â© Â©

Â³Â¨Â³Â°Â²Â¨ÂµÂ¬Â¬ Â²Â°Â´Â¨Â±Â®Â¬ ÂÂ²Â¯Â¨Â®Â¬Â¬

ÂÂ¨Â±Â¬Â³Â¨Â°Â¬Â¬

cC CW 6O$_<WhD

Â°ÂÂÂ¨ÂÂ²Â

OS7ET 6O$_<WhD '*9Wg

Â¯Â²Â²Â±

Â¤@S ; <T9Â¥

The Viriyah Insurance

ÂÂ¨ÂÂ°Â°Â¨Â±Â²Â±

cC CW 6O$_<WhD

Â²Â¯Â³Â¨ÂµÂ¬Âµ

OS7ET 6O$_<WhD '*9Wg

OS7ET6O$_<WhD =ES<%Xh;G* 7TCOS7ET EIC 7GT6

_*V;L6`GRETD$TE_9WD<_9 T_*V;L6 _*V;G*9Z;b;MGS$9ES@D @S;:<S7EES2<TGc9D @S;:<S7EES2IVLTM$V+ 7SjI_*V;'GS* MZ ;$[ `GRMZ ;$[ `=G*LBT@ 7SjI`G$_*V;`GR7SjILSÂ&#x2030;Â&#x2030;Tb- _*V; LGT$OOCLV;`GR<S7EOOC9ES@D MZ ;9Z; b<LlT'SÂ&#x2030;`L6*LV9:VMZ ;9Z; M; IDG*9Z; _*V;?T$L8T<S;$TE_*V;9Wg'E< $lTM;6_$V;$I T Â¯ _6YO; _*V;bM $[ DYC G[$M;Wh_- T.YhOE8D;7

OS7ET6O$_<WhD =ES<%Xh;G* 7TCOS7ET 7GT6

Â¯Â²Â²Â²

LV;9ES@D 9T*$TE_*V;9WgLlT'SÂ&#x2030; 5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± `GR Â®Â±Â±Â° +S67TC=ER_B9%O*OS7ET6O$_<WhDc6 6S*;Wh

93 IV EV D R = E R $S ; BS D

94 The Viriyah Insurance

IV EV D R = E R $S ; BS D

_'EYgO*CYO9T*$TE_*V;.Xg*CWOS7ET6O$_<WhD'*9Wg+S6`< *7TCERDR_IGT;S<+T$IS;9WgETD*T;8X*IS;9Wg9WgCW$TE$lTM;6OS7ET6O$_<WhDbMC MEYO IS;9Wg'E<$lTM;6 Â¤`G I`7 IS;b6+R8X*$ O;Â¥ c6 6S*;Wh Â¤@S ; <T9Â¥

Â¤E O DGR7 O = Â¥

Â¯Â²Â²Â²

BTDb; Â® =

_$V; Â® =

EIC

OS7ET6O$_<WhD 8SI_,GWgD

ÂÂ¨ÂÂ°Â°Â¨Â±Â²Â±

Â©

ÂÂ¨ÂÂ°Â°Â¨Â±Â²Â±

Â®ÂªÂ³Âµ

_*V;L6`GRETD$TE_9WD<_9 T_*V;L6 _*V;G*9Z;b;MGS$9ES@D @S;:<S7EES2<TGc9D @S;:<S7EES2IVLTM$V+ 7SjI_*V;'GS* MZ ;$[ `GRMZ ;$[ `=G*LBT@ 7SjI`G$_*V; LGT$OOCLV;`GR<S7EOOC9ES@D _*V;?T$L8T<S;$TE_*V;9Wg'E<$lTM;6 _$V;$I T Â¯ _6YO; _*V;bM $[ DYC G[$M;Wh_- T.YhOE8D;7

ÂÂ¯Â¨ÂµÂ³Â®Â¨Â´Â°Â² Â¯ÂÂ¯Â¨Â²Â±Â² Â±Â¯Â¨Â´Â¬Â°

Â±Â¬Â¨Â¬Â¬Â¬ ÂÂÂ¬Â¨Â°Â³Â® Â³Â®Â¨Â®ÂµÂ²

ÂÂ°Â¨Â¬Â®Â®Â¨Â´Â°Â² Â°Â®Â°Â¨ÂÂ®Â´ ÂÂ®Â²Â¨ÂÂ¬Â¬

Â¯ÂªÂ¯Â Â³ÂªÂ°Â¬ Â´ÂªÂ±Â°

EIC

ÂÂ³Â¨Â²Â¬Â²Â¨Â°Â±Â

ÂÂ¨Â®Â´Â°Â¨Â¯Â®Â

ÂÂ´Â¨Â´ÂµÂ¬Â¨Â³Â³Â®

Annual Report 2012 / 2555

95 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â¤@S ; <T9Â¥

Â¤E O DGR7 O = Â¥

Â¯Â²Â²Â± _*V;L6`GRETD$TE_9WD<_9 T_*V;L6 _*V;G*9Z;b;MGS$9ES@D @S;:<S7EES2<TGc9D MZ ;$[ `GRMZ ;$[ `=G*LBT@ 7SjI`G$_*V; LGT$OOCLV;`GR<S7EOOC9ES@D _*V;?T$L8T<S;$TE_*V;9Wg'E<$lTM;6 _$V;$I T Â¯ _6YO; _*V;bM $[ DYC G[$M;Wh_- T.YhOE8D;7 EIC

BTDb; Â® =

_$V; Â® =

EIC

OS7ET6O$_<WhD 8SI_,GWgD

ÂÂ¨Â±Â¬Â³Â¨Â°Â¬Â¬

Â©

ÂÂ¨Â±Â¬Â³Â¨Â°Â¬Â¬

ÂÂªÂ´Â

Â®ÂªÂ²Â® Â°ÂªÂ®Â´ Â°ÂªÂ¯Â± ÂÂªÂÂ±

Â³Â¨Â³Â°Â²Â¨ÂµÂ¬Â¬ Â°ÂÂ¯Â¨Â´ÂµÂ® Â²Â¯Â¨Â³Â´Â²

Â³Â¨Â³Â°Â²Â¨ÂµÂ¬Â¬ Â°Â±Â²Â¨Â´Â¯Â² ÂÂ²Â¯Â¨Â®Â¬Â¬

Â®ÂªÂ²Â° Â®ÂªÂ±Â² Â´ÂªÂ²Â³

ÂÂ°Â¨Â¬ÂµÂ¬Â¨Â¯Â¯Â¬

ÂµÂµÂ¯Â¨Â´Â²Âµ

ÂÂ±Â¨Â¬Â´Â°Â¨ÂÂµÂµ

'ITC_LWgD*+T$OS7ET`G$_=GWgD;_*V;7ET7 T*=ER_9J <EVKS9CW'ITC_LWgD*+T$OS7ET`G$_=GWgD;_*V;7ET7 T*=ER_9J.Xg*_$V6+T$_*V;G*9Z;b;MGS$9ES@D 9Wg_= ;_*V;7ET7 T*=ER_9J 5 IS;9Wg Â¯Â :S;IT'C <EVKS9CW'ITC_LWgD*+T$OS7ET`G$_=GWgD;_*V;7ET7 T*=ER_9JOS;_= ;>GCT+T$$TECWLV;9ES@D 9Wg_= ;_*V;7ET 7 T*=ER_9J6S*;Wh

Â¯Â²Â²Â²

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

_*V;_MEWDÂ&#x2030;LMES2O_CEV$T _*V;G*9Z;b;MZ ;9Z;

Â²Â³Â¨Â²Â³Â

DO6<SÂ&#x2030;-Wb;*<`L6*2T;R$TE_*V;9WgCW'ITC_LWgD*

Â³Â´Â©Â³Â´Â®

Annual Report 2012 / 2555

96 The Viriyah Insurance

IV EV D R = E R $S ; BS D

'ITC_LWgD*9T*6 T;LV;_-YgO 'ITC_LWgD*9T*6 T;LV;_-YgO 'YO'ITC_LWgD*9WgG[$' TMEYO'[ LSÂ&#x2030;Â&#x2030;TcC LTCTE8-lTERM;Wh`$ <EVKS9 7TC_*YgO;c%9Wg7$G*cI _CYgO'E<$lTM;6

? TD<EVMTEc6 $lTM;6;aD<TD9T*6 T;LV;_-YgO_@YgO'I<'ZC'ITC_LWgD*9T*6 T;LV;_-YgO6S*$G TIOD T*LC glT_LCO a6D$TEIV_'ETRM 2T;R 9T*$TE_*V;%O*G[$' T9Z$ETD9Wg%OI*_*V;LV;_-YgOb;ER6S<M;Xg*e 5 IS;9WgETD*T;cC @<I TCW'ITC_LWgD*+T$LV;_-YgO9Wg$ER+Z$7SIOD T*_= ; LTERLlT'SÂ&#x2030; 'ITC_LWgD*L[*LZ69T*6 T;LV;_-YgO`L6*cI b;ET'T7TC<SÂ&#x2030;-W%O*LV;9ES@D 9T*$TE_*V;`7 GRETD$TEb;*<`L6*2T;R$TE_*V; 5 IS;9WgETD*T; OD T*cE$f7TC_;YgO*+T$<EVKS9CW2T;G[$' T+lT;I;CT$? TD<EVMTEcC c6 'T6I T+R_$V6>G_LWDMTD9WgCWLTERLlT'SÂ&#x2030;+T$$TE _$f<M;Wh cC c6

'ITC_LWgD*_$WgDI$S<$TE$ER+Z$7SI%O*LV;_-YgO.Xg*_$V6+T$_<WhD=ER$S;BSD' T*ES<cC CWLTERLlT'SÂ&#x2030; _;YgO*+T$>[ _OT=ER$S;BSD%O*<EVKS9 $ER+TDOD[ b;OZ7LTM$EEC9Wg`7$7 T*$S;`GRB[CVBT'7 T*e %O*=ER_9Jc9D 'ITC_LWgD*_$WgDI$S<$TE$ER+Z$7SI%O*_*V;bM $[ DYCcC CWLTERLlT'SÂ&#x2030; _;YgO*+T$<EVKS9@V+TE5TbM $[ DYC`$ >[ =ER$O<$TEMGTDETD9Wg$ER+TD OD[ b;MGTDMCI6OZ7LTM$EEC`GR$ER+TDOD[ b;B[CVBT'7 T*e %O*=ER_9Jc9D MGS$9ES@D 9Wg; lTCT+lT;O*=ER$S;M;WhCWC[G' T'T6I T _@WD*@O9Wg<EVKS9+Rc6 ES<-lTERM;Wh 'ITC_LWgD*+T$LBT@'G O* <EVKS9CW$TE'I<'ZC'ITC_LWgD*+T$$TE%T6LBT@'G O*a6D$TEES$KTER6S<%O*_*V;L6`GRETD$TE_9WD<_9 T_*V;L6bM _@WD*@O7 O$TE 6lT_;V;*T;%O*<EVKS9 `GR_@YgO9lTbM >G$ER9<+T$'ITC>S;>I;%O*$ER`L_*V;L6G6G*

$TE$lTM;6C[G' TDZ7V:EEC ;aD<TD$TE<SÂ&#x2030;-W `GR$TE_= 6_>D%O*<EVKS9$lTM;6bM CW$TE$lTM;6C[G' TDZ7V:EEC9Sh*LV;9ES@D `GRM;WhLV;9T*$TE_*V;`GRcC b- 9T* $TE_*V; C[G' TDZ7V:EEC MCTD8X* +lT;I;_*V;9Wg>[ .YhO`GR>[ %TD7$G*`G$_=GWgD;LV;9ES@D MEYO-lTERM;WhLV;$S; b;%5R9Wg9Sh*LO*? TDCW'ITC EO<E[ ` GR_7f C b+b;$TE`G$_=GWg D ;$S ; `GRLTCTE87 O EO*ET'T$S ; c6 O D T *_= ; OV L ERb;GS $ K5R%O*>[ 9Wg c C CW ' ITC_$Wg D I% O *$S ; IS78Z=ERL*' %O*$TEIS6C[G' T`GRÂ«MEYO$TE_= 6_>DC[G' TDZ7V:EEC8[$$lTM;6a6DIV:W7 Oc=;Wh % OC[G_@VgC_7VC_$WgDI$S<LCC7V2T;b;$TE $lTM;6C[G' TDZ7V:EEC8[$_= 6_>Db;MCTD_M7Z=ER$O<*<$TE_*V;9Wg_$WgDI% O*$S<LV;9ES@D `GRM;WhLV;;Sh;e

ET'T7TC<SÂ&#x2030;-W%O*LV;9ES@D 9T*$TE_*V;`GRM;WhLV;9T*$TE_*V;CWC[G' Tb$G _'WD*$S<C[G' TDZ7V:EEC .Xg*c6 `$ _*V;L6 `GRETD$TE_9WD<_9 T _*V;L6 ETDc6 +T$$TEG*9Z;' T*ES< _<WhD=ER$S;BSD' T*ES< G[$M;Wh`GRLV;9ES@D +T$$TE=ER$S;BSD7 O LV;9ES@D 9T*$TE_*V;OYg; _+ TM;Wh <EVKS9=ER$S;BSD7 O ' TLV;cMC96`9;' T*+ TD `GRM;WhLV;9T*$TE_*V;OYg; C[G' TDZ7V:EEC%O*_*V;G*9Z;b;MGS$9ES@D 9Wg_= ;7ETLTE9Z;`GR7ETLTEM;Wh9Wg8YOcI _@YgO' T _>YgO%TD`GR9Wg+R8YOcI +;'E<$lTM;6 @V+TE5T a6DO T*OV*$S<ET'T_L;O.YhO 5 IS;9WgETD*T; C[G' TDZ7V:EEC%O*_*V;G*9Z;9Wg+R8YOcI +;'E<$lTM;68[$@V+TE5T_@YgO'ITCCZ *MCTD b;$TE_= 6_>Db;*<$TE_*V;_9 T;Sh; Annual Report 2012 / 2555

97 The Viriyah Insurance

IV EV D R = E R $S ; BS D

_*V;G*9Z;9SgIc= C[G' TDZ7V:EECcC LTCTE8'lT;I5c6 OD T*_MCTRLC+X*cC _= 6_>DC[G' TDZ7V:EEC _*V;?T$L8T<S;$TE_*V; `GR7SjI_*V;.Xg*CWERDR_IGT'E<$lTM;6_MGYO; OD$I T Â = C[G' TDZ7V:EEC8YO7TCET'T<SÂ&#x2030;-W L I;9Wg_$V; Â = =ERCT5a6DIV:WL I;G6$ER`L_*V;L6 a6D@V+TE5TOS7ET6O$_<WhD= ++Z<S;`GROTDZLSÂ&#x2030;Â&#x2030;T'*_MGYO C[G' TDZ7V:EEC%O*_*V;bM $[ DYC.Xg*@V+TE5T_@YgO'ITCCZ *MCTDb;$TE_= 6_>Db;*<$TE_*V; _*V;bM $[ DYC9Wg b- OS7ET6O$_<WhD`<<GOD7SI `GRcC CW ' ITC_LWg D *9Wg CW L TERLl T 'S Â&#x2030; %O*$TEbM LV ; _-Yg O 8Y O 7TCET'T<S Â&#x2030; -W Ll T MES < C[ G ' T DZ 7V : EEC%O*_*V ; bM $[ DY C 9Wg b - OS 7 ET6O$_<Wh D `<<'*9Wg=ERCT5a6Db- IV:W$TEMTL I;G6$ER`L_*V;L6 a6Db- OS7ET6O$_<WhD= ++Z<S; `GROTDZLSÂ&#x2030;Â&#x2030;T'*_MGYO

Â¯Âµ <Z''GMEYO$V+$TE9Wg_$WgDI% O*$S;

_@YgOIS78Z=ERL*' b;$TE+S69lT*<$TE_*V; <Z''GMEYO$V+$TE_= ;<Z''GMEYO$V+$TE9Wg_$WgDI% O*$S;$S<<EVKS9 MT$<EVKS9CWOlT;T+'I<'ZC MEY O 'I<'Z C E I C$S ; 9Sh * 9T*7E*`GR9T*O O CMEY O CW OV 9 :V @ GOD T *CW L TERLl T 'S Â&#x2030; 7 O <Z ' 'GMEY O $V + $TEb;$TE7S 6 LV ; b+9T*$TE_*V ; `GR $TE<EVMTEMEYOb;9T*$GS<$S; a6D<EVKS9OD[ BTDb7 $TE'I<'ZC_6WDI$S;MEYOOD[ BTDb7 OV9:V@GOD T*CWLTERLlT'SÂ&#x2030;_6WDI$S;$S<<Z''GMEYO $V+$TE;Sh; $TE_$WgDI% O*$S;;WhOT+_= ;ETD<Z''GMEYO_= ;$V+$TE

'ITCLSC@S;: 9Wg<EVKS9CW$S<>[ <EVMTELlT'SÂ&#x2030;`GR<Z''GMEYO$V+$TE9Wg_$WgDI% O*$S; CW6S*;Wh

-YgO$V+$TEÂ¬<Z''G

=ER_9J9Wg+S67Sh*Â¬ LSÂ&#x2030;-T7V

>[ <EVMTELlT'SÂ&#x2030;

c9D

<EVKS9 :;<ZEW=ER$O<E8D;7 +lT$S6 <EVKS9 :;<ZEW@T;V-GWL.Vg* +lT$S6 <EVKS9 _CYO*a<ET5 +lT$S6 <EVKS9 IVEVDR@T;V- +lT$S6 <EVKS9 IVEVDR@EO@_@OE 7Wh +lT$S6

c9D c9D c9D c9D c9D

GS$K5R'ITCLSC@S;: <Z''G9WgCWOlT;T+`GR'ITCES<>V6-O<$TEIT*`>; LSg*$TE`GR'I<'ZC$V+$EEC7 T*e %O*$V+$TEcC I T 9T*7E*MEYO9T*O OC 9Sh*;Wh EIC8X*$EEC$TE%O* $V+$TE Â¤cC I T+R9lTM; T9Wg b;ER6S<<EVMTEMEYOcC Â¥ _= ;>[ 8YOMZ ;%O*<EVKS9`GRCW>[ 8YOMZ ;<T*L I;E IC$S; _= ;>[ 8YOMZ ;%O*<EVKS9`GRCW>[ 8YOMZ ;<T*L I;E IC$S; _= ;>[ 8YOMZ ;%O*<EVKS9`GRCW>[ 8YOMZ ;<T*L I;E IC$S; _= ;>[ 8YOMZ ;%O*<EVKS9`GRCW>[ 8YOMZ ;<T*L I;E IC$S; _= ;>[ 8YOMZ ;%O*<EVKS9`GRCW>[ 8YOMZ ;`GR$EEC$TE <T*L I;E IC$S;

Annual Report 2012 / 2555

98 The Viriyah Insurance

IV EV D R = E R $S ; BS D

ETD$TE9WgLlT'S $S<<Z''GMEYO$V+$TE9Wg_$WgDI% O*$S;LlTMES<`7 GR= LVh;LZ6IS;9Wg ¯ :S;IT'C LEZ= c6 6S*;Wh LlTMES<= LVh;LZ6IS;9Wg ¯ :S;IT'C

¯²²²

¤@S ; <T9¥

¯²²±

ETDc6 µ ³¤ ¶Æ¾ ¶Æ£¨ n® ² _<WhD=ER$S;BSDES<

³¨µ°´

¯¨µ²

' T7O<`9;$EEC$TE`GR>[ <EVMTELlT'S >G7O<`9;ERDRLSh; >G=ERaD-; MGS*OO$+T$*T;

µ®¨®µ° ¨²¯

µ¨¬¬® ¨±°³

EIC

¶°©¶¯²

¶¯©²±¶

®³©´¯µ

.YhO9Wg6V;+T$$EEC$TE DO6'*_MGYO9WgLlT'S $S<<Z''GMEYO$V+$TE9Wg_$WgDI% O*$S; 5 IS;9Wg ¯ :S;IT'C CW6S*;Wh

¯²²²

¤@S ; <T9¥

¯²²±

_<WhD=ER$S;BSD' T*ES< $V+$TE9Wg_$WgDI% O*$S; <EVKS9 :;<ZEW=ER$O<E8D;7 +lT$S6 <EVKS9 _CYO*a<ET5 +lT$S6

³¨®® ²²

´¨±° ©

EIC

³¨®³´

´¨±°

Annual Report 2012 / 2555

99 IV EV D R = E R $S ; BS D

The Viriyah Insurance

Â¯Â¶ MGS$9ES@D `GR9ES@D LV;=ER$S;IT*cI $S<;TD9R_<WD; Â®ÂµÂªÂ 5 IS ; 9Wg Â¯Â :S ; IT'C Â®Â±Â±Â± `GR Â®Â±Â±Â° <EV KS 9 c6 ;l T _*V ; G*9Z ; b;7ETLTEM;Wh I T*_= ; =ER$S ; $S < ;TD9R_<W D ;_@Yg O bM _ = ; c=7TC @ERET-<SÂ&#x2030;Â&#x2030;S7V=ER$S;IV;TJBSD Â¤,<S<9Wg Â®Â¥ @ÂªJÂª Â®Â±Â±Â .Xg*CWET'T6S*;Wh Â¤@S ; <T9Â¥

Â¯Â²Â²Â² ET'T7TC<SÂ&#x2030;-W @S;:<S7EES2<TG

Â¯Â²Â²Â±

ET'T7ET

ÂÂ°Â¨Â¬Â¬Â³

ÂÂ°Â¨Â¬Â¬Â¬

ET'T7TC<SÂ&#x2030;-W

ET'T7ET

ÂÂ°Â¨Â¬Â²Â¬

ÂÂ°Â¨Â¬Â¬Â¬

Â®ÂµÂªÂ® 5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± `GR Â®Â±Â±Â° <EVKS9c6 ;lT_*V;G*9Z;b;7ETLTEM;Wh _*V;?T$=ER+lT `GRb<ES<_*V;?T$_= ;_*V;LlTEO*IT*cI $S < ;TD9R_<W D ;_@Yg O bM _ = ; c=7TC=ER$TJ%O*'5R$EEC$TE$l T $S < `GRL * _LEV C $TE=ER$O<:Z E $V + =ER$S ; BS D _EYg O * OS 7 ET MGS$_$53 `GRIV:W$TEIT*_*V;LlTEO*LlTMES<_<WhD=ER$S;BSD9WgDS*cC 7$_= ;ETDc6 %O*<EVKS9=ER$S;IV;TJBSD @ÂªJÂª Â®Â±Â±Â® .Xg*CW ET'T6S*;Wh

Â¯Â²Â²Â² @S;:<S7EES2<TG`GR@S;:<S7E :;T'TE`M *=ER_9Jc9D MZ ;$[ _*V;?T$=ER+lT9WgCWERDR_IGT'E< $lTM;6_$V;$I T Â¯ _6YO;;S<`7 IS;9Wg c6 CT b<ES<_*V;?T$9WgCWERDR_IGT'E< $lTM;6_$V;$I T Â¯ _6YO;;S<`7 IS;9Wg c6 CT EIC

Â¯Â²Â²Â±

Â¤@S ; <T9Â¥

ET'T7TC<SÂ&#x2030;-W

ET'T7ET

ET'T7TC<SÂ&#x2030;-W

ET'T7ET

ÂÂ¨Â±Â¬Â²Â¨Â²Â¯Â´ Â±Â¬Â¨Â¬Â¬Â¬

ÂÂ¨Â±ÂÂ¬Â¨Â¬Â¬Â¬ Â±Â¬Â¨Â¬Â¬Â¬

ÂÂ¨ÂµÂ¯Â¬Â¨Â¬Â¬Â¬

ÂÂ¨Â²Â¬Â¬Â¨Â¬Â¬Â¬

Â³Â¬Â¬Â¨Â¬Â¬Â¬

ÂÂ¬Â¬Â¨Â¬Â¬Â¬

Â±Â©Â®Â¶ÂÂ©ÂÂÂ

Â¯Â©Â´Â±ÂÂ©ÂÂÂ

Annual Report 2012 / 2555

100 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â°Â _*V;LC9<$O*9Z;=ER$S;IV;TJBSD 5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± `GR Â®Â±Â±Â° DO6LRLC%O*_*V;LC9<$O*9Z;=ER$S;IV;TJBSD CW+lT;I;6S*;Wh

Â¯Â²Â²Â² _*V;LC9<$O*9Z;=ER$S;IV;TJBSD

Â®ÂµÂ±Â©ÂµÂÂ±

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

Â®Â®Â±Â©ÂµÂ²Â®

Â°Â® BTER>[$@S;$S<<Z''GMEYO$V+$TE9WgcC _$WgDI% O*$S; Â¯Â²Â²Â²

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

BTER>[$@S;+T$LSÂ&#x2030;Â&#x2030;T_- TL8T;9Wg`GR<EV$TE9WgD$_GV$cC c6 BTDb;ERDR_IGTM;Xg*= ERDR_IGTCT$$I TM;Xg*= 8X*M T= ERDR_IGTCT$$I TM T=

Â®Â³ÂÂ¨Â°Â®Â³ Â¯Â´Â±Â¨Â´Â°Â Â®Â³Â¨Â²Â°Âµ

Â®Â®ÂÂ¨Â³Â¯Â² ÂÂÂ±Â¨ÂµÂ®Â³ Â¯Â¯Â¨ÂµÂ´Â±

EIC

Â³ÂµÂ±Â©Â¶Â®Â´

Â°Â´Â®Â©Â³Â±Âµ

<EVKS9c6 9lTLSÂ&#x2030;Â&#x2030;T_- TLlT;S$*T; 9Wg6V; OT'TE `GROZ=$E5 +lT;I;MGTDLSÂ&#x2030;Â&#x2030;T a6D<EVKS9CWBTER>[$@S;9Wg+R+ TD ' T_- T`GR' T<EV$TE _= ;ETD_6YO;

Â°Â¯ M;WhLV;9WgOT+_$V6%Xh; Â¤$Â¥ 5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± <EVKS9CW'6W8[$A O*E O*_$WgDI$S<' TLV;cMC96`9;7TC=$7V%O*:ZE$V+a6DCW9Z;9ES@D EIC+lT;I;_*V;=ERCT5 ÂÂ¨Â°ÂÂ¯ G T;<T9 Â¤Â®Â±Â±Â°Â¶ ÂµÂ±Âµ G T;<T9Â¥ 9Z;=ER$S;EIC+lT;I;_*V;=ERCT5 Â°Â¯Â² G T;<T9 Â¤Â®Â±Â±Â°Â¶ Â±Â¬Â³ G T;<T9Â¥ .Xg*>[ <EVMTE %O*<EVKS9_-YgOI TLlTEO*' TLV;cMC96`9;9Wg<EVKS9<S;9X$b;*<$TE_*V;`G I_@WD*@OLlTMES<>G_LWDMTD9WgOT+_$V6%Xh;

Annual Report 2012 / 2555

101 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â¤%Â¥ M;S*LYOES<EO*9Wg`;<9 TD$EC:EEC =ER$S;BSDBT'LCS'Eb+ 5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± +lT;I; Â²Â² G T;<T9 Â¤Â®Â±Â±Â°Â¶ Â²Â´ G T;<T9Â¥ c6 ;lTc=' lT=ER$S;b;_EYgO*7 T*e Â¤'Â¥ 5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± <EVKS9CW_G7_7OE OOA$TES;7W$S<:;T'TE Â³ G T;<T9 Â¤Â®Â±Â±Â°Â¶ Â² G T;<T9Â¥

Â°Â° CT7E2T;$TEETD*T;9T*$TE_*V;9WgDS*cC c6 b- <EVKS9DS*cC c6 b- CT7E2T;$TEETD*T;9T*$TE_*V;9WgOO$`GR=ES<=EZ*bMC _;YgO*+T$DS*cC CW$TE<S*'S<b- 5 IS;9WgETD*T; .Xg*CT7E2T; $TEETD*T;9T*$TE_*V;9WgOO$`GR=ES<=EZ*bMC _MG T;Wh$ lTM;6bM 8YO=1V<S7V$S<*<$TE_*V;LlTMES<EO<ERDR_IGT<SÂ&#x2030;-W9Wg_EVgCb;MEYOMGS* IS;9Wg Â C$ET'C b;= 6S*7 Oc=;Wh

CT7E2T;$TEETD*T;9T*$TE_*V;

_EYgO*

CT7E2T;$TE<SÂ&#x2030;-W ,<S<9Wg ÂÂ® CT7E2T;$TE<SÂ&#x2030;-W ,<S<9Wg Â®Â Â¤=ES<=EZ* Â®Â±Â±Â®Â¥

BTKW_*V;c6 >G$ER9<+T$$TE_=GWgD;`=G*%O* OS7ET`G$_=GWgD;_*V;7ET7 T*=ER_9J

= 9WgCW>G<S*'S<b- Â®Â±Â±Â² Â®Â±Â±Â²

>[ < EV M TE'T6I T +R;l T CT7E2T;$TEETD*T;9T*$TE_*V ; 9Wg O O$`GR=ES < =EZ * bMC 7 TC=ER$TJLBTIV - T-W @ <S Â&#x2030; -W C Tb- ` GR8Y O =1V <S 7V a6D>[ <EVMTE@V+TE5T8X*>G$ER9<9WgOT+_$V6%Xh;+T$$TEb- CT7E2T;$TE<SÂ&#x2030;-W`GRCT7E2T;$TEETD*T;9T*$TE_*V;9WgOO$`GR=ES<=EZ* bMC 6S * $G T I7 O *<$TE_*V ; %O*<EV KS 9 .Xg * CW > G$ER9<9Wg CW L TERLl T 'S Â&#x2030; 7 O *<$TE_*V ; b;*I69Wg 8Y O =1V <S 7V CT7E2T;$TE<S Â&#x2030; -W 6S * $G T I CW6S*7 Oc=;Wh

CT7E2T;$TE<SÂ&#x2030;-W ,<S<9Wg Â®Â¯ Âª BTKW_*V;c6 $TE_=GWgD;`=G*MGS$$TE%O*CT7E2T;$TE<SÂ&#x2030;-W,<S<9Wg ÂÂ® ER<ZbM $V+$TE7 O*<S;9X$LV;9ES@D BTKW_*V;c6 EO$TE7S6<SÂ&#x2030;-W `GRM;WhLV; BTKW_*V;c6 EO$TE7S6<SÂ&#x2030;-W b;*<$TE_*V; LV;9ES@D `GRM;WhLV;BTKW_*V;c6 EO$TE7S6<SÂ&#x2030;-W'YO +lT;I;BTKW_*V;c6 9Wg$V+$TE7 O*+ TDMEYO c6 ES < b;O;T'77TCGl T 6S < .Xg * _$V 6 +T$>G`7$7 T *-Sg I 'ETIERMI T *C[ G ' T 9T*<S Â&#x2030; -W % O*LV ; 9ES @ D ` GRM;Wh LV ; 9Wg ` L6*b;*<`L6*2T;R $TE_*V;$S<2T;BTKW%O*LV;9ES@D `GRM;WhLV;;Sh; `GR%T69Z;9T*BTKW9WgDS*cC c6 b- = ++Z<S;<EVKS9cC c6 <S;9X$BTKW_*V;c6 EO$TE7S6<SÂ&#x2030;-W b;*<$TE_*V;

<EVKS9+R8YO=1V<S7VCT7E2T;$TE<SÂ&#x2030;-W,<S<9Wg ÂÂ® LlTMES<EO<ERDR_IGT<SÂ&#x2030;-W9Wg_EVgC7Sh*`7 IS;9Wg Â C$ET'C Â®Â±Â±Â² _= ;7 ;c= >G$ER9< %O*$TE_=GWgD;`=G*+R=ES<=EZ*D O;MGS*b;*<$TE_*V; `GR=ET$0b;*<`L6*2T;R$TE_*V; 5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± `GR Â®Â±Â±Â° >[ <EVMTE=ERCT5>G$ER9<7 O*<`L6*2T;R$TE_*V; 5 IS;9Wg Â¯Â :S;IT'C Â®Â±Â±Â± `GR Â®Â±Â±Â° 6S*;Wh

Annual Report 2012 / 2555

102 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â¯Â²Â²Â² *<`L6*2T;R9T*$TE_*V; =ERCT5$TE_=GWgD;`=G*+T$$TE=ES<*<$TE_*V;D O;MGS*_;YgO*CT+T$ $TE;lTCT7E2T;$TE<SÂ&#x2030;-W,<S<9Wg ÂÂ® BTKW_*V;c6 CT8YO=1V<S7VÂ¶ LV;9ES@D BTKW_*V;c6 EO$TE7S6<SÂ&#x2030;-W_@VgC%Xh; M;WhLV;BTKW_*V;c6 EO$TE7S6<SÂ&#x2030;-W_@VgC%Xh; $lTcELRLC_@VgC%Xh; O*' =ER$O<OYg;%O*L I;%O*>[ 8YOMZ ;G6G*

Â¤@S ; <T9Â¥

Â¯Â²Â²Â±

DS*cC LTCTE8$lTM;6>G$ER9<7 O*<$lTcE%T69Z;_<f6_LEf+LlTMES<= Â®Â±Â±Â² `GRb;*I67 OCTBTDMGS*

CT7E2T;$TE<SÂ&#x2030;-W ,<S<9Wg Â¯Â® Â¥=ES<=EZ* Â¯Â²Â²Â¯Â¦ Âª >G$ER9<+T$$TE_=GWgD;`=G*%O*OS7ET`G$_=GWgD;_*V;7ET7 T*=ER_9J $TE_=GWgD;`=G*MGS$$TE%O*CT7E2T;$TE<SÂ&#x2030;-W,<S<9Wg Â®Â _@YgO_L;O`;I'V6%O*L$ZG_*V;7 T*e9Wg b- b;$TEETD*T; .Xg*_= ;L$ZG_*V; 9Wg@V+TE5TI T_= ;L$ZG_*V;b;LBTIR`I6G OC9T*_JEK2$V+9Wg$V+$TE;Sh;=ER$O<$V+$TE CT7E2T;$TE<SÂ&#x2030;-W,<S<9Wg Â®Â $lTM;6bM $V+$TE ER<ZL$ZG_*V;9Wg b- ETD*T;`GR`=G*' TETD$TE9Wg_= ;L$ZG7 T*=ER_9JbM _= ;L$ZG_*V;9Wg b- b;$TE6lT_;V;*T; `GRETD*T;>G$ER9< +T$$TE`=G*' T6S*$G TI7TCCT7E2T;$TE<SÂ&#x2030;-W,<S<9Wg Â®Â .Xg*CT7E2T;$TE<SÂ&#x2030;-W ,<S<9Wg Â®Â c6 bM 'lT;VDTCLlTMES<_*V;7ET7 T*=ER_9J 'YO _*V;7ETL$ZGOYg;;O$_M;YO+T$L$ZG_*V;9Wg b- b;$TE6lT_;V;*T;%O*$V+$TE

>[ <EVMTE$lTM;6L$ZG_*V;9Wg b- b;$TE6lT_;V;*T;%O*<EVKS9_= ;L$ZG_*V;<T9 6S*;Sh;$TE8YO=1V<S7V7TCCT7E2T;$TE<SÂ&#x2030;-W,<S<9Wg Â®Â LlTMES< EO<ERDR_IGT<SÂ&#x2030;-W9Wg_EVgC7Sh*`7 IS;9Wg Â C$ET'C Â®Â±Â±Â² +RcC c6 ES<>G$ER9<9WgCWLTERLlT'SÂ&#x2030;7 OLV;9ES@D M;WhLV; `GR$lTcELRLC %O*<EVKS9

Annual Report 2012 / 2555

103 The Viriyah Insurance

IV EV D R = E R $S ; BS D

% h O C[ G 9Sg I c=

-Yg O ª9Wg 7Sh * Ll T ;S $ *T;bM

<EV KS 9 IV EV D R=ER$S ; BS D +l T $S 6 ¤CMT-;¥ _G%9Wg ® « ®´ ¨ ® « ²± OT'TEOTE _ OL 8;;ES - 6TBV _ K$ `%I*6V ; `6* _%76V ; `6* $EZ * _9@Q ¬°¬¬

MCTD_G%a9EJS @ 9 ª a9ELTE ¥Ll T ;S $ *T;bM ¦

MCTD_G%a9EJS @ 9 J[ ; D G[ $ ' T LS C @S ; :

±±³

_If < c.6

óóóªòåîåõÝäªßëªðä

IS ; $ O 7Sh * <EV KS 9

¯ $Z C BT@S ; : ®°µ¬

9Z ; +69R_<W D ;

® ¨ ¬¬¬ G T ;<T9 -l T ER_7f C C[ G ' T

=ER_B9:Z E $V +

=ER$S ; IV ; TJBS D

+l T ;I;@;S $ *T;

° ¨ ²±µ ';

+l T ;I;LT%T `GRJ[ ; D = 1V <S 7V $ TELV ; cMC

¯ `M *

+l T ;I;J[ ; D . O CCT7E2T;b;a'E*$TE

°°´ J[ ; D . O C

+l T ;I;7S I `9;

² ¨ ³¬¬ ';

>[ 7 EI+LO<<S -W

<EV KS 9 _'@W _ Of C +W B[ CV c -D LO<<S -W +l T $S 6

Annual Report 2012 / 2555

104 The Viriyah Insurance

IV EV D R = E R $S ; BS D

=ER_B9$TEES < =ER$S ; BS D =ER_B9

=ER_B9$EC:EEC

$TE=ER$S;BSDE8D;7

=ER$S;BSDE8D;7 BT'LCS'Eb+ =ER$S;BSDE8D;7 BT'<S*'S<

$TE=ER$S;BSDOS''WBSD

=ER$S;OS''WBSD9WgOD[ OTJSD =ER$S;OS''WBSD9SgIc= =ER$S;OS''WBSD9WgOD[ OTJSD`<<=ERMDS6LlTMES<ETDD OD

$TE=ER$S;BSD9T*9R_G

=ER$S;BSD7SI_EYO =ER$S;BSD%;L *LV;' T =ER$S;BSD%;L *LV;' TBTDb;=ER_9J =ER$S;BSD'ITCES<>V6%O*>[ %;L *

$TE=ER$S;BSDOZ<S7V_M7ZL I;<Z''G

=ER$S;BSDOZ<S7V_M7ZL I;<Z''G =ER$S;BSDOZ<S7V_M7Z$GZ C =ER$S;BSDOZ<S7V_M7Z$TE_6V;9T* =ER$S;BSD9 O*_9WgDILZ%b+ =ER$S;BSDOZ<S7V_M7Z_OYhOOTEW =ER$S;BSDOZ<S7V_M7Z$TE_6V;9T*LlTMES<:ZE$V+;lT_9WgDI`GRCS''Z_9J$ =ER$S;BSDLlTMES<>[ a6DLTE_EYOa6DLTEES<+ T* =ER$S;BSD>[ %S<%Wg`GR>[ a6DLTEcC ER<Z-YgO

$TE=ER$S;BSDLZ%BT@

=ER$S;BSDCR_Ef*9SgIc= =ER$S;BSDCR_Ef*`GROZ<S7V_M7ZL I;<Z''G =ER$S;BSDOZ<S7V_M7Z`GRLZ%BT@<Z''G =ER$S;BSDOZ<S7V_M7Z`GRLZ%BT@$GZ C =ER$S;BSDLZ%BT@$GZ C =ER$S;BSD-6_-DETDc6 Annual Report 2012 / 2555

105 The Viriyah Insurance

IV EV D R = E R $S ; BS D

=ER_B9

=ER_B9$EC:EEC

$TE=ER$S;BSD9ES@D LV;

=ER$S;BSDa+E$EEC =ER$S;BSD$ER+$ =ER$S;BSD'ITC_LWgD*BSD9ES@D LV; =ER$S;BSD'ITC_LWgD*BSD9Z$-;V6 =ER$S;BSD:ZE$V+MDZ6-R*S$ =ER$S;BSDLlTMES<_*V; =ER$S;BSD`> ;= TDa)K5T =ER$S;BSDLlTMES<>[ _G ;$OG A =ER$S;LEE@BSD:ZE$V+%;T6D OC =ER$S;BSD@V9S$K E T;9O* =ER$S;BSD9ES@D LV;'Z C'EO*BSD+T$_M7Z$TE5 'ITCcC L*< =ER$S;LEE@BSD< T;OD[ OTJSD =ER$S;BSD< T;=GO6BSD =ER$S;BSDa+E$EECE8+S$EDT;D;7

$TE=ER$S;BSD'ITCES<>V6

=ER$S;BSD'ITCES<>V67TC$0MCTD7 O<Z''GBTD;O$ =ER$S;BSD'ITCES<>V6>[ 7EI+LO<OT'TE =ER$S;BSD'ITCES<>V6= C;hlTCS; =ER$S;BSD'ITCES<>V67 O'ITC_LWDMTD9Wg_$V6%Xh;+T$LV;' TcC =GO6BSD =ER$S;BSD'ITCES<>V67TC$1MCTD >[ =ER$O<IV-T-W@`@9D =ER$S;BSD'ITCES<>V67 OIV-T-W@ =ER$S;BSD'ITCES<>V6%O*;TD+ T* =ER$S;BSD_*V;96`9;`E**T; =ER$S;BSD'ITCES<>V6`<<ER<ZBSDOS;_;YgO*CT+T$$TE7V67Sh* MEYO. OC`.C-Z6OZ=$E5 7V67Sh*8S*`$ L Annual Report 2012 / 2555

106 The Viriyah Insurance

IV EV D R = E R $S ; BS D

=ER_B9

=ER_B9$EC:EEC

$TE=ER$S;BSD$TEL[Â&#x2030;_LWD9T*6 T;$TE_*V;

=ER$S;BSD'ITC.YgOLS7D =ER$S;BSD'hlT+Z;G[$+ T* =ER$S;BSD@V9S$K 9Z; =ER$S;BSDOVLEBT@ $ O;$ER9lT>V6 =ER$S;BSDOVLEBT@ MGS*$ER9lT>V6 $TE=ER$S;L[Â&#x2030;_LWD9T*$TE_*V;LlTMES<_- T.YhOE8+S$EDT;D;7

$TE=ER$S;BSD6 T;IVJI$EEC

=ER$S;BSD$TE7V67Sh*_'EYgO*+S$E =ER$S;BSDMC O$lT_;V6cO;hlT =ER$S;BSD_'EYgO*OZ=$E5 OV_Gf$9EO;V$L =ER$S;BSD'ITC_LWgD*BSD9Z$-;V6%O*>[ ES<_MCT =ER$S;BSD$TE7V67Sh*_'EYgO*+S$E =ER$S;BSD_'EYgO*CYOÂ©_'EYgO*+S$E%O*>[ ES<_MCT =ER$S;BSDIVJI$EEC7 T*e =ER$S;BSD_'EYgO*+S$E9Wg b- b;$TE$ OLE T* =ER$S;BSD_'EYgO*+S$EMDZ6-R*S$

OYg;e

=ER$S;BSD@Y->G+T$BSD`G *a6Db- 6S-;W;hlT?;

Annual Report 2012 / 2555

107 IV EV D R = E R $S ; BS D

The Viriyah Insurance

LT%T `GRJ[ ; D < EV $ TELV ; cMC BT'$EZ* _9@Q `GR=EVC53G LlT;S$*T;bMÂ&#x2030;

9WgOD[ ÂÂ®ÂÂ«Â®Â´Â¨ ÂÂ®ÂÂ«Â²Â± OT'TEOTE _OL 8ÂªES-6TBV_K$ `%I*6V;`6* _%76V;`6* $EZ*_9@Q ÂÂ¬Â°Â¬Â¬

a9EJS@9

a9ELTE

Â¬ Â®Â²Â°Â Â®Â´Â¯Â¯

a9EJS@9

a9ELTE

Â¬ Â®Â²Â®Â Â±Â°Â´Â³

Â¬ Â®Â±Â¯Â® Â¯Â¬Â¬Â¬

Â¬ Â®Â±Â¯Â® ÂÂ¯Â²Âµ

Â¬ Â®Â¯ÂµÂ² Â¬Â³Â®Â

Â¬ Â®Â´Â´Â¬ Â¬Â¬Â¬Â´

Â¬ Â®Â°Â¯Â¯ Â²Â¯Â¯Â°

Â¬ Â®Â°Â±Â® Â´Â¬Â¬Â¬

Â®Â± LT%T LT%T

9WgOD[

ÂÂª LT%T$EZ*_$KC

ÂÂ®Â°Â® OT'TEIVEVDR@T;V- 8Âª$EZ*_$KC `%I*'GO*CMT;T' _%7= OC=ET<JS7E[@ TD $EZ*_9@Q ÂÂ¬ÂÂ¬Â¬ Â®Âª LT%T$V+$EEC@V_JK ÂÂ®ÂÂ«Â±Â± OT'TEOTE _OL9TI_IOE -Sh; ÂÂ° Â¾ 8ÂªES-6TBV_K$ `%I*6V;`6* _%76V;`6* $EZ*_9@Q ÂÂ¬Â°Â¬Â¬ Â²Â³Â±Â©Â´ MC[ Â´ 8Âª@MGaD:V; 7Âª'['7 Â¯Âª LT%T6O;_CYO* OÂªGlTG[$$T +Âª=9ZC:T;W ÂÂ®ÂÂ¯Â¬ Â°Â®Â¯ OT'TEEZ *`L* -Sh; Â¯Â¨Â±Â¨Â² 8Âª<T*;TÂ©7ET6 Â°Âª LT%T<T*;T `%I*<T*;T _%7<T*;T $EZ*_9@Q ÂÂ¬Â®Â²Â¬ Â´Â²Â¨ Â´Â´Â¨ ÂµÂ¬ 8Âª+ESÂ&#x2030;L;V9I*J `%I*<T*@GS6 Â±Âª LT%T<T*@GS6 _%7<T*@GS6 $EZ*_9@Q ÂÂ¬Â³Â¬Â¬ Â²Âª LT%T=T$_$Ef6Â©Â¯Â°Â± Â³Â MC[ Â² 8ÂªLR@T;;;9<ZEWÂ©<T*<SI9O* 7Âª'GO*% OD OÂª=T$_$Ef6 +Âª;;9<ZEW ÂÂÂÂ®Â¬ Â³Âª LT%T=[ _+ TLCV*@ETD Â®Â±Â´Â«Â¯Â³ MC[ ÂÂ¬ 8Âª=[ _+ TLCV*@ETD 7ÂªLlTaE*b7 OÂª@ER=ER`6* +ÂªLCZ9E=ET$TE ÂÂ¬ÂÂ¯Â¬ Â²ÂÂ¯ MC[ Â° 8Âª@ERETC Â® `%I*`LC6lT Â´Âª LT%T@ERETC Â® _%7<T*%Z;_9WD; $EZ*_9@Q ÂÂ¬ÂÂ±Â¬ ÂÂ®ÂÂ«Â³ OT'TEOTE _OL9TI_IOE -Sh; Â® 8ÂªES-6TBV_K$ ÂµÂª LT%TES-6TBV_K$ `%I*6V;`6* _%76V;`6* $EZ*_9@Q ÂÂ¬Â°Â¬Â¬ Annual Report 2012 / 2555

Â¬ Â®Â²Â°Â Â¯Â±Â¬Â¬ Â¬ Â®Â²Â°Â Â¯Â±Â¯Â¬

Â¬ Â®Â²Â°Â Â¯Â±ÂµÂ°

108 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â®Â± LT%T LT%T ÂÂ¬Âª LT%TGZC@V;W ÂÂÂª LT%TI*J LI T* ÂÂ®Âª LT%TIVBTI6W ÂÂ¯Âª LT%TLZ%LISL6Vk ÂÂ°Âª LT%TLZ%TBV<TG Â¯

9WgOD[

a9EJS@9

ÂÂ¬Â®Â°Â«Âµ OT'TEEVC%O<A T -Sh; ÂÂ©Â® 8Âª@ERETC Â° Â¬ Â®Â®Â´Â² Â²Â¬ÂÂ¯ `%I*9Z *CMT_C) _%7LT9E $EZ*_9@Q ÂÂ¬ÂÂ®Â¬ Â¬ Â®Â®Â´Â² Â²ÂÂ¬Â³ Â®Â® 8ÂªES-6TBV_K$ `%I*<T*.YgO Â¬ Â®Â±Â´Â² Â¬Â®Â®Â¬Â©Â´ _%7<T*.YgO $EZ*_9@Q ÂÂ¬Â´Â¬Â¬ Â¬ Â®ÂµÂÂ¬ Â¬Â³ÂÂ¬Â©Â± Â¯Â¯Â¯ OT'TE_G T_= ** I; Â -Sh; Ã&#x2030; .OD_,D@ I* 8ÂªIVBTI6WES*LV7 Â¬ Â®Â®Â³Â¯ Â´Â®Â°Â¬Â©Â±Â¬ `%I*+OC@G _%7+7Z+S$E $EZ*_9@Q ÂÂ¬ÂµÂ¬Â¬ ÂÂµÂ² MC[ Â± 8ÂªLZ%LISL6Vk `%I*ETK1E <[E5R _%7ETK0E <[E5R Â¬ Â®Â°Â²Â¯ Â®Â¬Â¬Â´ $EZ*_9@Q ÂÂ¬ÂÂ°Â¬ Â¬ Â®Â°Â²Â¯ Â®Â°Â´Â° Â¯Â±Â³Â¨ Â¯Â±ÂµÂ¨ Â¯Â²Â 8ÂªETC'lT`M* `%I*LR@T;L[* Â¬ Â®ÂµÂÂ³ ÂÂµÂµÂ®Â©Â´ _%7LR@T;L[* $EZ*_9@Q ÂÂ¬Â®Â°Â¬

Â¯Â J[;D <EV$TELV;cMC96`9; J[;D <EV$TELV;cMC 96`9;

9WgOD[

ÂÂª J[;D Q $EZ*_$KC

ÂÂ®Â°Â® 8Âª$EZ*_$KC `%I*CMT;T' _%7= OC=ET<JS7E[@ TD $EZ*_9@Q ÂÂ¬ÂÂ¬Â¬ Â²Â³Â±Â©Â´ MC[ Â´ 8Âª@MGaD:V; 7Âª'['7 Â®Âª J[;D Q 6O;_CYO* OÂªGlTG[$$T +Âª=9ZC:T;W ÂÂ®ÂÂ¯Â¬ Â°Â®Â¯ OT'TEEZ *`L* -Sh; Â¯Â¨ Â±Â¨ Â² 8Âª<T*;TÂ©7ET6 Â¯Âª J[;D Q <T*;T `%I*<T*;T _%7<T*;T $EZ*_9@Q ÂÂ¬Â®Â²Â¬ ÂÂ®Â 8Âª+ESÂ&#x2030;L;V9I*J Â³Â `%I*<T*@GS6 Â°Âª J[;D Q <T*@GS6 _%7<T*@GS6 $EZ*_9@Q ÂÂ¬Â³Â¬Â¬ Â³Â MC[ Â² 8ÂªLR@T;;;9<ZEWÂ©<T*<SI9O* 7Âª'GO*% OD Â±Âª J[;D Q =T$_$Ef6 OÂª=T$_$Ef6 +Âª;;9<ZEW ÂÂÂÂ®Â¬ Â²Âª J[;D Q =[ _+ TLCV*@ETD Â®Â±Â´Â«Â¯Â³ MC[ ÂÂ¬ 8Âª=[ _+ TLCV*@ETD 7ÂªLlTaE*b7 OÂª@ER=ER`6* +ÂªLCZ9E=ET$TE ÂÂ¬ÂÂ¯Â¬ Â²ÂÂ¯ MC[ Â° 8Âª@ERETC Â® `%I*`LC6lT Â³Âª J[;D Q @ERETC Â® _%7<T*%Z;_9WD; $EZ*_9@Q ÂÂ¬ÂÂ±Â¬ ÂÂ¬Â¬ÂµÂ«Â® 8Âª@S4;T$TE `%I*LI;MGI* Â´Âª J[;D Q @S4;T$TE _%7LI;MGI* $E*Z_9@Q ÂÂ¬Â®Â±Â¬ ÂµÂª J[;D Q ES-6TBV_K$ ÂÂ®ÂÂ«Â³ OT'TEOTE _OL9TI_IOE -Sh; Â® 8ÂªES-6TBV_K$ `%I*6V;`6* _%76V;`6* $EZ*_9@Q ÂÂ¬Â°Â¬Â¬

Annual Report 2012 / 2555

a9EJS@9

a9ELTE

Â¬ Â®Â®Â®Â¯ Â¬Â´Â±Â

Â¬ Â®Â²Â®Â Â±Â°Â´Â²

Â¬ Â®Â±Â¯Â® Â¯Â¬Â¬Â¬

Â¬ Â®Â±Â¯Â® ÂÂ°Â±Â¯

109 The Viriyah Insurance

J[;D <EV$TELV;cMC 96`9;

IV EV D R = E R $S ; BS D

9WgOD[

a9EJS@9

ÂÂ¬Âª J[;D Q ES7;T:V_<JE ÂÂ®Â¯Â«Â¯Â°Â©Â¯Â´ OT'TE=[ - TÂ©D T-Z -Sh;9Wg Â MC[ Â¯ 8Âª ES7;T:V_<JE Â¬ Â®Â±ÂµÂ± Â°Â®Â¬Â¬Â©Â 7Âªc9EC T OÂª_CYO* +Âª;;9<ZEW ÂÂÂ¬Â¬Â¬ Â¬ Â®Â±ÂµÂ± Â°Â®Â¬Â¯Â©Â° ÂÂÂª J[;D Q ETCOV;9ET Â³Â¨ Â±Â¨ Â¯ .ODETCOV;9ET Â¯Â° `D$ Â 8ÂªETCOV;9ET Â¬ Â®Â±Â¬Â´ Â®Â°Â¬Â¬Â©Â± `%I*9 T`E * _%7<T*_%; $EZ*_9@Q ÂÂ¬Â®Â¯Â¬ Â¬ Â®Â±Â¬Â´ Â®Â²Â®Â³Â©Â¯Â¬ ÂÂ¬Â®Â°Â«Âµ OT'TEEVC%O<A T -Sh; ÂÂ©Â® 8Âª@ERETC Â° ÂÂ®Âª J[;D Q GZC@V;W Â¬ Â®Â®Â´Â² Â²Â¬ÂÂ¯ `%I*9Z *CMT_C) _%7LT9E $EZ*_9@Q ÂÂ¬ÂÂ®Â¬ Â¬ Â®Â®Â´Â² Â²Â¬Â³Â± Â®Â® 8ÂªES-6TBV_K$ `%I*<T*.YgO _%7<T*.YgO ÂÂ¯Âª J[;D Q I*J LI T* Â¬ Â®Â±Â´Â² Â¬Â®Â®Â¬Â©Â´ $EZ*_9@Q ÂÂ¬Â´Â¬Â¬ Â¬ Â®ÂµÂÂ¬ Â¬Â³ÂÂ¬Â©Â± Â¯Â¯Â¯ OT'TE_G T_= ** I; Â -Sh; Ã&#x2030; .OD_,D@ I* 8ÂªIVBTI6WES*LV7 Â¬ Â®Â®Â³Â® Â®Â±ÂÂÂ©Â®Â¬ ÂÂ°Âª J[;D Q IVBTI6W `%I*+OC@G _%7+7Z+S$E $EZ*_9@Q ÂÂ¬ÂµÂ¬Â¬ ÂÂµÂ² MC[ Â± 8ÂªLZ%LISL6Vk `%I*ETK1E <[E5R ÂÂ±Âª J[;D Q LZ%LISL6Vk Â¬ Â®Â°Â²Â¯ Â®Â¬Â¬Â´ _%7ETK0E <[E5R $EZ*_9@Q ÂÂ¬ÂÂ°Â¬ Â¬ Â®Â°Â²Â¯ Â®Â°Â´Â° ÂÂ²Âª J[;D Q LZ%TBV<TG Â¯ Â¯Â±Â³Â¨ Â¯Â±ÂµÂ¨ Â¯Â²Â 8ÂªETC'lT`M* `%I*LR@T;L[* Â¬ Â®ÂµÂÂ³ ÂÂµÂµÂ®Â©Â´ _%7LR@T;L[* $EZ*_9@Q ÂÂ¬Â®Â°Â¬ ÂÂ³Âª J[;D Q 'GO*MGI* Â°ÂµÂ«Â±Â³Â©Â±Â´ MC[ Â³ 7Âª'GO*LO* OÂª'GO*MGI* Â¬ Â®ÂÂ±Â¯ Â°Â´Â³Â¬Â©Â° +Âª=9ZC:T;W ÂÂ®ÂÂ®Â¬ ÂÂ´Âª J[;D Q GT6$ER<S* Â´Â±Â¬Â«Â¯ 8ÂªGT6$ER<S* `%I*GT6$ER<S* Â¬ Â®Â¯Â®Â³ Â¬Â²Â´Â°Â©Â² Â¤$Vg*`$ IÂ¥ _%7GT6$ER<S* $EZ*_9@ ÂÂ¬Â±Â®Â¬ ÂÂµÂª J[;D Q $TÂ&#x2030;+;TBV_K$ ÂÂÂ² 8Âª<T*`I$ Â¤.OD+ESÂ&#x2030;L;V9I*J ÂÂ¯Â¥ `%I*<T*c> Â¬ Â®Â°ÂÂ¬ Â¯Â¯Â®Â±Â©Â³ _%7<T*`' $EZ*_9@Q ÂÂ¬ÂÂ²Â¬ Â¬ Â®Â°ÂÂ¬ Â¯Â¯Â³Â± Â®Â¬Âª J[;D Q _9@TES$K Â®Â¬Â¬Â«Â±Â²Â©Â±Â³ MC[ Â 8Âª_9@TES$K 7Âª<T*_LT:* Â¬ Â®Â¯ÂÂ± Â®Â±ÂµÂÂ©Â± OÂª<T*_LT:* LCZ9E=ET$TE ÂÂ¬Â±Â°Â¬

J[;D G[$' TLSC@S;: a9EJS@9 <EV$TE Â¯Â± -Â«CÂ«

9WgOD[ ÂÂ¬Â«Â³ 8;;ET-=ETEB `%I*@Â&#x2030;Tc9 _%7ET-_9IW $EZ*_9@Q ÂÂ¬Â°Â¬Â¬

Annual Report 2012 / 2555

ÂÂ±Â±Â³

a9ELTE Â¬ Â®Â®Â°Â² Â³Â®Â´Âµ Â¬ Â®Â®Â°Â² ÂÂ¬Â°Â¬

110 The Viriyah Insurance

IV EV D R = E R $S ; BS D

° LT%TD OD LT%TD OD

9WgOD[

a9EJS@9

ª LT%TD OD _6ORCOGG <T*`'

®³± OT'TEJ[;D $TE' T_6ORCOGG <T*`' M O*_G%9Wg ÏÈ°¾ ¬ ®°±° ´°µ©® -Sh; 8ª_@-E_$KC `%I*<T*`'_M;YO _%7<T*`' $EZ*_9@Q ¬²¬ ®ª LT%TD OD ¯±®® OT'TEJ[;D $TE' T_6ORCOGG <T*$R= -Sh; ® ¬ ®³¯° ¬¯¯©± _6ORCOGG <T*$R= 8ªGT6@E TI `%I*'GO*+Sg; _%7<T*$R= $EZ*_9@Q ¬®°¬ ³¯±« OT'TE:S R-fO== *@TE ' -Sh; ® 8ªJEW;'EV;9E ¯ª LT%TD OD ¬ ®¬´ ²¬±©® :S R@TE ' `%I*LI;MGI* _%7LI;MGI* $EZ*_9@Q ¬®±¬

a9ELTE ¬ ®°±° ´°µ° ¬ ®³¯° ¬¯² ¬ ®¬´ ²¬±¯

BT'_M;YO ± LT%T

LT%T ª LT%T_-WD*ETD ®ª LT%T_-WD*bMC ¯ª LT%T;'ELIEE' °ª LT%T@VK5ZaG$

9WgOD[

a9EJS@9

a9ELTE

®°µ MC[ ¬ 8ª@MGaD:V; 7ªLS;9ETD Oª_CYO* +ª_-WD*ETD ±³¬¬¬ ±µ«° MC[ ¯ 8ª_-WD*bMC ©GlT=T* 7ª9 TJTGT Oª_CYO* +ª_-WD*bMC ±¬¬¬¬ ®²«°©² MC[ ¬ 8ª;'ELIEE' ©@VK5ZaG$ 7ª;'ELIEE' 7$ Oª_CYO* +ª;'ELIEE' ²¬¬¬¬ ´¯«¯ MC[ ² 8ª@VK5ZaG$©;'ELIEE' 7ª9 Ta@:Vk Oª_CYO* +ª@VK5ZaG$ ²±¬¬¬

¬ ±¯³³ ¯´²®©°

¬ ±¯³³ °²¯´©µ

¬ ±¯®² ®³°²

¬ ±±®² ³´°©´

®´ J[;D <EV$TELV;cMC96`9; J[;D <EV$TELV;cMC 96`9;

9WgOD[

ª J[;D Q $lT`@*_@-E µ´ MC[ ¯ 8ª@MGaD:V;©$lT`@*_@-E 7ª;'E-ZC Oª_CYO* +ª$lT`@*_@-E ²®¬¬¬ ´®«°©± 8ª@MGaD:V; ¤Ca;ECD ©-SD;T9¥ 7ª< T;$G ID ®ª J[;D Q -SD;T9 Oª_CYO* +ª-SD;T9 ³¬¬¬

Annual Report 2012 / 2555

a9EJS@9

a9ELTE

¬ ±±³µ µ°´¬©¯

¬ ±±³µ µ¯°²

¬ ±²° °µ±¯©²

¬ ±²° °µ±³

111 The Viriyah Insurance

J[;D <EV$TELV;cMC 96`9; ¯ª J[;D Q _-WD*ETD °ª J[;D Q _-WD*bMC ±ª J[;D Q 7T$ ²ª J[;D Q ;'ELIEE' ³ª J[;D Q @R_DT ´ª J[;D Q @V+V7E µª J[;D Q _@-E<[E5 ¬ª J[;D Q @VK5ZaG$ ª J[;D Q `@E ®ª J[;D Q `C LO6 ¯ª J[;D Q GlT=T* °ª J[;D Q GlT@[; ±ª J[;D Q LZa%9SD ²ª J[;D Q OZ7E6V78 ³ª J[;D Q `C EVC

IV EV D R = E R $S ; BS D

9WgOD[

a9EJS@9

®°µ MC[ ¬ 8ª@MGaD:V; 7ªLS;9ETD Oª_CYO* +ª_-WD*ETD ¬ ±¯³³ ¯´²®©° ±³¬¬¬ ±µ«° MC[ ¯ 8ª_-WD*bMC ©GlT=T* 7ª9 TJTGT Oª_CYO* ¬ ±¯¯¬ ´²°®©² +ª_-WD*bMC ±¬¬¬¬ ¬ ±¯®° ´´® «©® 8ª@MGaD:V; 7ªM;O*MGI* Oª_CYO* ¬ ±±± ³²¯©¯ +ª7T$ ²¯¬¬¬ ¬ ±±± ³³±´©µ ®²«°©² MC[ ¬ 8ª;'ELIEE' ©@VK5ZaG$ ¬ ±²®® µµ±©³ 7ª;'ELIEE' 7$ Oª_CYO* +ª;'ELIEE' ²¬¬¬¬ ®³¬«µ©¬ 8ª@MGaD:V; 7lT<G`C 7 lT ¬ ±°°´ °±¬©¯ OlT_BO_CYO* +ª@R_DT ±²¬¬¬ ®¬«¯©¯® 8ª'GO*'R_-;9E 7ªb;_CYO* ¬ ±²µµ ¬µ±®©² Oª_CYO* +ª@V+V7E ²²¬¬¬ µ²«µ MC[ 9Wg® 8;;LER<ZEW©MG CLS$ 7lT<GLR_6WD* ¬ ±²³ µ³°¯©°² OlT_BO_CYO*_@-E<[E5 +ª_@-E<[E5 ²³¬¬¬ ¬ ±²³ µ³´¬© ´¯«¯ MC[ ² 8ª@VK5ZaG$©;'ELIEE' 7ª9 Ta@:Vk ¬ ±±®² ³´°©´ Oª_CYO* +ª@VK5ZaG$ ²±¬¬¬ µ²«²©´ 8ªDS;7E$V+a$JG 7ªb;_IWD* Oª_CYO* +ª`@E ±°¬¬¬ ¬ ±°±¯ ¯´®¯©² ´«µ©®¬ 8ªLTD_O_-WD 7ª`C LO6 Oª`C LO6 +ª7T$ ²¯¬ ¬ ±±±¯ °°°³©´ ¬ ±±±¯ ±¯° °¯« 8ªcP_ID GlT=T*©*TI 7ª-C@[ Oª_CYO* +ªGlT=T* ±®¬¬ ¬ ±°¯± ®µ°±©³ ¬ ±°®¯ ´±µ©²¬ ®®«³¬©³ MC[ ° 8ª;V'COZ7LTM$EEC 7ª< T;$GT* ¬ ±¯±´ ¯¬¯°©´ Oª_CYO* +ªGlT@[; ±¬¬¬ µ®«®¯ MC[ ° 8ª<TD@TL 7ª:T;W Oª_CYO* +ªLZa%9SD ²°¬¬¬ ¬ ±±²° ±³®°©¯¬ ¬ ±±°° ²®¯©° ¬«©® MC[ ¯ 8ª9T*MGI*MCTD_G% µ 7ª= T_. T Oª_CYO* +ªOZ7E6V78 ±¯¬¬¬ ®±µ«³¨ ´ MC[ 8ª`C EVC©LS;9ETD 7ªEVCb7 ¬ ±¯®µ ¬¬³µ©´¬ Oª`C EVC +ª_-WD*bMC ±¬´¬

a9ELTE ¬ ±¯³³ °²¯´©µ ¬ ±¯®° ±¬²´ ¬ ±±± ³±±¬ ¬ ±²®® µµ±´©²¬ ¬ ±°°´ °°¬ ¬ ±²µµ ¬µ±³ ¬ ±²³ µ´¬ ¬ ±±®² ¬²¯³ ¬ ±°±¯ ¯´®³ ¬ ±±±¯ °°°µ ¬ ±°®¯ ³±¬ ¬ ±¯±´ ¯¬¯µ ¬ ±±²° ±³®¯ ¬ ±±°° ´°± ¬ ±¯®µ ¬¬µ³

® LT%T _,@TR_@YgO<EV$TELV;cMC96`9; LT%T_,@TRQ LT%TQ OZ9SD:T;W

9WgOD[

a9EJS@9

112 The Viriyah Insurance

IV EV D R = E R $S ; BS D

BT'7RIS;OO$_,WD*_M;YO Â± LT%T

LT%T ÂÂª LT%T%O;`$ ; Â®Âª LT%T;'EET-LWCT Â¯Âª LT%TOZ6E:T;W Â°Âª LT%TOZ<GET-:T;W

9WgOD[

a9EJS@9

a9ELTE

Â®Â±Âµ MC[ Â² 8ÂªCV7EBT@ 7Âª9 T@ER OÂª_CYO* +Âª%O;`$ ; Â°Â¬Â®Â²Â¬ Â®Â¯Â¯Â° 8ÂªCV7EBT@ 7Âªb;_CYO* OÂª_CYO* +Âª;'EET-LWCT Â¯Â¬Â¬Â¬Â¬ Â°Â´ÂµÂ«ÂÂ® MC[ Â 8ÂªOZ6E:T;WÂ©%O;`$ ; 7ÂªMCT$`% * OÂª_CYO* +ÂªOZ6E:T;W Â°ÂÂ¬Â¬Â¬ Â°Â²Â°Â«Â°Â¬Â©Â°Â® 8Âª-DT*$[E 7Âª%TCbMÂ&#x2030; OÂª_CYO* +ÂªOZ<GET-:T;W Â¯Â°Â¬Â¬Â¬

Â¬ Â°Â±Â®Â´ Â°ÂÂ´Â±

a9EJS@9

a9ELTE

Â¬ Â°Â¯Â¯Â° Â²Â²Â¯Â° Â¬ Â°Â°Â´Â¯ Â°Â¬Â²Â

Â¬ Â°Â°Â¯Â Â²Â´Â´Â¬

Â®Â° J[;D <EV$TELV;cMC96`9; J[;D <EV$TELV;cMC 96`9;

9WgOD[

ÂÂª J[;D Q %O;`$ ; Â®Âª J[;D Q -SDB[CV

Â®Â±Âµ MC[ Â² 8ÂªCV7EBT@ 7Âª9 T@ER OÂª_CYO* +Âª%O;`$ ; Â°Â¬Â®Â²Â¬ Â±Â«ÂÂ²Â©ÂÂ³ MC[ Â´ 8Âª;V_IJES7; 7Âªb;_CYO* OÂª_CYO* +Âª-SDB[CV Â¯Â²Â¬Â¬Â¬ Â¯Âª J[;D Q ;'EET-LWCT Â®Â¯Â¯Â° 8ÂªCV7EBT@ 7Âªb;_CYO* OÂª_CYO* +Âª;'EET-LWCT Â¯Â¬Â¬Â¬Â¬ Â¯Â¯Â´Â¨Â¯Â°Â¬Â¨Â¯Â°Â® 8Âªa-'-SDÂ©_6-OZ6C 7Âª;T*EO* Â°Âª J[;D Q ;T*EO* OÂª;T*EO* +Âª<ZEWESCD Â¯ÂÂÂÂ¬ Â°Â¬Â«ÂÂ´Â©ÂÂµ MC[ ÂÂ¬ 8Âª<TD@TL 7Âª%;*@ER Â±Âª J[;D Q =T$- O* OÂª=T$- O* +Âª;'EET-LWCT Â¯Â¬ÂÂ¯Â¬ Â²Âª J[;D Q CZ$6TMTE Â³Â±Â«Â± 8Âª-DT*$[E % 7ÂªCZ$6TMTE OÂª_CYO* +ÂªCZ$6TMTE Â°ÂµÂ¬Â¬Â¬ Â°Â°ÂµÂ©Â°Â±Â¬ MC[ Â° 8ÂªE OD_Of6Â©a@;9O* 7Âª_M;YO_CYO* Â³Âª J[;D Q E OD_Of6 OÂª_CYO* +ÂªE OD_Of6 Â°Â±Â¬Â¬Â¬ ÂÂµÂµ MC[ Â² 8Âª-ZC`@Â©_GDÂ¤Â®Â¬ÂÂ¥ 7Âª;TOT; Â´Âª J[;D Q _GD OÂª_CYO* +Âª_GD Â°Â®Â¬Â¬Â¬ ÂµÂª J[;D Q JEWLR_$K ÂÂ MC[ ÂÂ¬ 8Âª9O*CT$ 7Âªa@:Vk OÂª_CYO* +ÂªJEWLR_$K Â¯Â¯Â¬Â¬Â¬ ÂÂ¬Âª J[;D Q L$G;'E Â´Â±Â«ÂÂ´ MC[ Â® 8Âª=ER-TETK0E 7Âª:T7Z_-V*-ZC OÂª_CYO* +ÂªL$G;'E Â°Â³Â¬Â¬Â¬ Â®ÂÂÂ«Â MC[ Â® 8ÂªLZEV;9E Â©LS*%R 7Âª;O$_CYO* ÂÂÂª J[;D Q LZEV;9E OÂª_CYO* +ÂªLZEV;9E Â¯Â®Â¬Â¬Â¬ ÂÂ®Âª J[;D Q OZ6E:T;W Â°Â´ÂµÂ«ÂÂ® MC[ Â 8ÂªOZ6E:T;WÂ©%O;`$ ; 7ÂªMCT$`% * OÂª_CYO* +ÂªOZ6E:T;W Â°ÂÂ¬Â¬Â¬ ÂÂ¯Âª J[;D Q OZ<GET-:T;W Â°Â²Â°Â«Â°Â¬Â©Â°Â® 8Âª-DT*$[E 7Âª%TCbMÂ&#x2030; OÂª_CYO* +ÂªOZ<GET-:T;W Â¯Â°Â¬Â¬Â¬ Annual Report 2012 / 2555

Â¬ Â°Â±Â¯Â Â°ÂÂ³Âµ

113 IV EV D R = E R $S ; BS D

The Viriyah Insurance

Â® LT%TD OD LT%TD OD ÂÂª LT%TD OD _6ORCOGG a'ET-

9WgOD[ ÂÂ®Â°Â®Â«Â® OT'TEJ[;D $TE' T_6ORCOGG a'ET- -Sh; Â 8;;CV7EBT@ 7lT<Gb;_CYO* OlT_BO_CYO* +S*MIS6;'EET-LWCT Â¯Â¬Â¬Â¬Â¬

a9EJS@9

a9ELTE

Â¬ Â°Â°Â¯Âµ Â¯ÂµÂ¯Â´

Â¬ Â°Â°Â¯Âµ Â¯ÂµÂ°Â¬

a9EJS@9

a9ELTE

Â± LT%T _,@TR_@YgO<EV$TELV;cMC96`9; LT%T_,@TRQ

9WgOD[

ÂÂª LT%TQCMTLTE'TC ÂÂ¬Â³Â²Â¨ÂÂ¬Â³Â´ 8Âª;'ELIEE' 7Âª7GT6 OÂª_CYO* +ÂªCMTLTE'TC Â°Â°Â¬Â¬Â¬ Â¯Â´Â¯Â¨ Â¯Â´Â¯Â«Â MC[ Â® 8Âª`+ *L;V9 7ÂªLlTETÂ&#x2030; Â®Âª LT%TQDaL:E OÂª_CYO* +ÂªDaL:E Â¯Â±Â¬Â¬Â¬ Â¯Âª LT%TQOlT;T+_+EVÂ&#x2030; Â®ÂÂ°Â«Â MC[ Â´ 8Âª-DT*$[E 7Âª<Z * OÂª_CYO* +ÂªOlT;T+_+EVÂ&#x2030; Â¯Â³Â¬Â¬Â¬ ÂÂ²Â³Â¨ÂÂ²Â³Â«Â MC[ Â 8ÂªCRGVISGD 7ÂªM;O*c> Â°Âª LT%TQ-ZC`@ OÂª-ZC`@ +Âª%O;`$ ; Â°Â¬ÂÂ¯Â¬

Â¬ Â°Â±Â±Â´ Â²Â¯Â®Â°

Â¬ Â°Â±Â°Â± Â®Â¬ÂÂ¯

9WgOD[

a9EJS@9

a9ELTE

Â®Â± MC[ Â 8Âª_GWgD*_CYO*,R_-V*_9ET 7Âª<T*7W;_= 6 OÂª_CYO* +Âª,R_-V*_9ET Â®Â°Â¬Â¬Â¬ Â³Âµ MC[ Â 8ÂªLZ%ZCIV9 7Âª;T_$GYO OÂª<T*GRCZ* +Âª-G<ZEW Â®Â¬ÂÂ±Â¬ Â¯Â³Â±Â«Â®Â´Â©Â¯Â¬ 8ÂªLZ%ZCIV9 7Âª_;V;@ER OÂª_CYO* +ÂªERDO* Â®ÂÂ¬Â¬Â¬

a9EJS@9

a9ELTE

Â¬ Â¯Â³Â®Â´ ÂÂµÂÂ³

Â¬ Â¯Â¯Â Â®Â³ÂµÂ

BT'7RIS;OO$ Â° LT%T

LT%T ÂÂª LT%T,R_-V*_9ET Â®Âª LT%T@S9DT Â¯Âª LT%TERDO*

J[;D <EV$TE LV;cMC96`9; ÂÂª J[;D Q $<V;9E <ZEW

Âµ J[;D <EV$TELV;cMC96`9; 9WgOD[ Â¯Â®Â°Â©Â¯Â®Â² MC[ Â° 8Âª$<V;9E <ZEWÂ©;'EET-LWCT 7Âª_CYO*_$ T OÂª$<V;9E <ZEW +Âª=ET+W;<ZEW Â®Â±Â®Â°Â¬ Annual Report 2012 / 2555

114 The Viriyah Insurance

J[;D <EV$TE LV;cMC96`9;

IV EV D R = E R $S ; BS D

9WgOD[

Â®Âª J[;D Q +S;9<ZEW

Â³Â¯Â«Â±Â©Â´ MC[ ÂÂ° 8ÂªLZ%ZCIV9 7Âª'GO*;TETD5 OÂª_CYO* +Âª+S;9<ZEW Â®Â®Â¬Â¬Â¬ Â¯Âª J[;D Q ,R_-V*_9ET Â®Â± MC[ Â 8Âª_GWgD*_CYO*,R_-V*_9ET 7Âª<T*7W;_= 6 OÂª_CYO* +Âª,R_-V*_9ET Â®Â°Â¬Â¬Â¬ Â°Â´Â«Â¯ MC[ Â 8ÂªLZ%ZCIV9 7ÂªM ID$R= OÂª_CYO* +Âª-G<ZEW Â®Â¬Â¬Â¬Â¬ Â°Âª J[;D Q -G<ZEW Â³Âµ MC[ Â 8ÂªLZ%ZCIV9 7Âª;T_$GYO OÂª<T*GRCZ* +Âª-G<ZEW Â®Â¬ÂÂ±Â¬ Â±Âª J[;D Q @S9DT Â¯Â³Â±Â«Â®Â´Â©Â¯Â¬ 8ÂªLZ%ZCIV9 7Âª_;V;@ER OÂª_CYO* +ÂªERDO* Â®ÂÂ¬Â¬Â¬ Â²Âª J[;D Q ERDO* ÂµÂ´ MC[ Âµ 8ÂªLZ%ZCIV9 7Âª9Z *LZ%GT OÂªJEWET-T +Âª-G<ZEW Â®Â¬Â®Â¯Â¬ Â³Âª J[;D Q JEWET-T Â³Â®Â«ÂÂ¨Â® 8ÂªLZIEE5JE 7ÂªLER`$ I OÂª_CYO* +ÂªLER`$ I Â®Â³Â¬Â¬Â¬ Â´ÂªJ[;D Q LER`$ I

a9EJS@9

a9ELTE

a9EJS@9

a9ELTE

Â¬ Â¯Â°Â®Â° Â¯Â®Â¬Âµ

Â¬ Â¯Â±Â¯Â° Â²Â³Â®Âµ

Â¬ Â¯Â°Â°Â® Â¯Â¬Â°Â±

Â¬ Â¯Â²Â¯Â Â²ÂµÂ±Â¯

a9EJS@9

a9ELTE

BT'$GT*`GRBT'7RIS;7$ Â± LT%T

LT%T ÂÂª LT%T;'E=2C Â®Âª LT%T @ER;'EJEWODZ:DT Â¯Âª LT%TLCZ9ELT'E Â°Âª LT%TLER<ZEW

J[;D <EV$TE LV;cMC96`9; ÂÂª J[;D Q $TÂ&#x2030;+;<ZEW Â®Âª J[;D Q ;'E;TD$

9WgOD[ Â®Â²Â±Â«Â± MC[ Âµ 8Âª_@-E_$KC 7ÂªGlT@DT OÂª_CYO* +Âª;'E=2C Â³Â¯Â¬Â¬Â¬ Â®Â° MC[ Â® 8ÂªLTD_O_-WD 7Âª:;[ OÂªOZ9SD +Âª @ER;'EJEWODZ:DT ÂÂ¯Â¬Â¬Â¬ ÂµÂ®Â³Â«Â³Â $Âª 8Âª:;<ZEWÂ©=T$9 O 7ÂªCMT-SD OÂª_CYO* +ÂªLCZ9ELT'E Â³Â°Â¬Â¬Â¬ Â²Â²ÂÂ«ÂÂ®Â¨ Â®Â³ 8Âª@MGaD:V; 7Âª=T$_@EWDI OÂª_CYO* +ÂªLER<ZEW ÂÂ´Â¬Â¬Â¬

Â®Â± J[;D <EV$TELV;cMC96`9; 9WgOD[

Annual Report 2012 / 2555

Â¬ Â¯Â°Â²Â® Â¬Â°ÂµÂ¯ Â¬ Â¯Â³Â¯Â® ÂÂ³Â´Â°

115 The Viriyah Insurance

J[;D <EV$TE LV;cMC96`9;

IV EV D R = E R $S ; BS D

9WgOD[

a9EJS@9

Â¯Âª J[;D Q ;'E=2C

Â¬ Â¯Â°Â®Â Â´Â°Â°Â®Â©Â³ Â®Â²Â±Â«Â± MC[ Âµ 8Âª_@-E_$KC 7ÂªGlT@DT OÂª_CYO* +Âª;'E=2C Â³Â¯Â¬Â¬Â¬ Â¬ Â¯Â®Â±Â± ÂÂÂ²Â¯Â©Â² Â®Â¬Â°Â«Â²Â©Â´ 8Âª=ER+I<JVEV 7Âª=ER+I<'WEW%S;: Â°Âª J[;D Q =ER+I<'WEW%S;: OÂª_CYO* +Âª=ER+I<'WEW%S;: Â³Â³Â¬Â¬Â¬ Â¬ Â¯Â±Â®Â® ÂµÂÂ±Â¬Â©Â¯ Â®Â° MC[ Â® 8ÂªLTD_O_-WD 7Âª:;[ Â±Âª J[;D Q @ER;'EJEWODZ:DT OÂªOZ9SD +Âª@ER;'EJEWODZ:DT ÂÂ¯Â¬Â¬Â¬ Â¬ Â¯Â®Â°Â° Â²ÂµÂ±Â°Â©Â²Â® Â³Â±Â«Â MC[ Â 8Âª_@-E_$KC 7ÂªMSILR@T; Â²Âª J[;D Q _@-E<ZEW OÂª_CYO* +Âª_@-E<ZEW Â³Â²Â¬Â¬Â¬ ÂÂ«ÂÂ 8Âª_@-E_$KC 7ÂªM; T_CYO* OÂª_CYO* +ÂªET-<ZEW Â³Â¬Â¬Â¬Â¬ Â¬ Â¯Â®Â¯Â® Â´Â°Â¬Â² Â³Âª J[;D Q ET-<ZEW Â¬ Â¯Â²Â²Â Â²Â®Â°Â³Â©Âµ Â´Âª J[;D Q G@<ZEW ÂÂ°Â®Â«Â³Â´Â²Â©Â³Â´Â³ MC[ Â® 8Âª@MGaD:V; 7Âª$$a$ OÂª_CYO* +ÂªG@<ZEW ÂÂ±Â¬Â¬Â¬ Â¬ Â¯Â°Â³Â Â°Â°Â°Â° ÂµÂª J[;D Q LCZ9EL*'ETC Â±Â¯Â«Â´ 8Âª :;<ZEWÂ©=T$9 O 7Âª`C $GO* OÂª_CYO* Â¬ Â¯Â°Â³Â® Â¯Â®Â²Â±Â©Â² +ÂªLCZ9EL*'ETC Â³Â±Â¬Â¬Â¬ Â¬ Â¯Â°Â°Â Â°Â®Â±Â¬Â©Â° ÂÂ¬Âª J[;D Q LCZ9ELT'E ÂµÂ®Â³Â«Â³Â $Âª 8Âª:;<ZEWÂ©=T$9 O 7ÂªCMT-SD OÂª_CYO* +ÂªLCZ9ELT'E Â³Â°Â¬Â¬Â¬ Â¬ Â¯Â²Â®Â® Â®ÂµÂ³ÂÂ©Â¯ Â²Â²ÂÂ« Â±Â¯ 8Âª@MGaD:V; 7Âª=T$_@EWDI ÂÂÂª J[;D Q LER<ZEW Â¬ Â¯Â²Â®Â® Â®Â®Â®Â° OÂª_CYO* +Âª LER<ZEW ÂÂ´Â¬Â¬Â¬ Â¬ Â¯Â±Â±Â¬ Â¬Â¯Â¬ÂÂ©Â± ÂÂ®Âª J[;D Q LZ@EE5<ZEW ÂµÂ¯Â«Â 8Âª_5E`$ I 7Âª9 TERMS6 OÂª_CYO* Â¬ Â¯Â±Â±Â ÂÂµÂÂ¬ +ÂªLZ@EE5<ZEW Â³Â®Â¬Â¬Â¬ Â¬ Â¯Â²Â±Â® Â°Â³Â¬ÂÂ©Â° ÂÂ´Â²Â«ÂÂ²Â©ÂÂ³ 8ÂªLV*M <ZEWÂ©<T*@T; 7Âª<T*CSÂ&#x2030; ÂÂ¯Âª J[;D Q LV*M <ZEW OÂª_CYO* +ÂªLV*M <ZEW ÂÂ²Â¬Â¬Â¬ Â¬ Â¯Â±Â´Â± Â¬Â²ÂµÂ¬Â©Â° ÂÂ°Âª J[;D Q O T*9O* Â°Â²Â«ÂÂ± CÂªÂµ 8ÂªLTD_O_.WD 7Âª< T;OV2 OÂª_CYO* +ÂªO T*9O* ÂÂ°Â¬Â¬Â¬

Â° LT%T _,@TR_@YgO<EV$TELV;cMC96`9; LT%T_,@TRQ ÂÂª LT%TQ-SD<T6TG Â®Âª LT%TQ@Z9:C53G LTD Â° Â¯Âª LT%TQMSIMV;

9WgOD[

a9EJS@9

a9ELTE

ÂÂ¯ÂµÂ«Â MC[ Â 8ÂªLER<ZEWÂ©MG CLS$ 7Âª-SD;TETD5 OÂª-SD<T6TG +ÂªG@<ZEW ÂÂ±ÂÂ¯Â¬ Â°Â®Â«Â®Â³Â©Â®Â´ MC[ Â² 8Âª@Z9:C53GLTD Â° 7Âª$ER9Z CG C OÂªLTC@ET; +Âª;'E=2C Â³Â¯Â®Â®Â¬ Â°Â«Â²Â³ 8Âª_@-E_$KC 7ÂªMSIMV; OÂªMSIMV; +Âª=ER+I<'WEW%S;: Â³Â³ÂÂÂ¬

Â¬ Â¯Â²Â°Â² ÂÂ³Â³Â³

Â¬ Â¯Â²Â°Â² ÂÂ³Â³Â´

Â¬ Â®Â°Â®Âµ Â®Â³Â®Â¬

Annual Report 2012 / 2555

Â¬ Â¯Â®Â±Â Â²Â¯Â´Â®

116 The Viriyah Insurance

IV EV D R = E R $S ; BS D

BT'b7 Â² LT%T

LT%T

9WgOD[

ÂÂª LT%T$ER<Wg Â°Â²Â°Â«Â®Â³Â©Â®Â´ 8ÂªOZ7E$V+ 7Âª$ER<Wg bMÂ&#x2030; OÂª_CYO* +Âª$ER<Wg Â´ÂÂ¬Â¬Â¬ Â®Âª LT%T;'EJEW:EECET- ÂÂ¬Â²Â¨ÂÂ¬Â´ 8Âª@S4;T$TEÂ©'[%IT* 7Âªb;_CYO* OÂª_CYO* +Âª;'EJEW:EECET- Â´Â¬Â¬Â¬Â¬ ÂÂ´Â¯Â«Â®Â²Â©Â®Â´ 8Âª@S**T 7Âª7GT6bMÂ&#x2030; OÂª_CYO* +ÂªB[_$f7 Â´Â¯Â¬Â¬Â¬ Â¯Âª LT%TB[_$f7 Â°Âª LT%TLZETK0E :T;W Â°ÂÂ«ÂÂ©Â® MC[ Â® 8ÂªLZETK0E Â©@Z;@V; 7ÂªIS6=ER6[ OÂª_CYO* +ÂªLZETK1 :T;W Â´Â°Â¬Â¬Â¬ ÂÂ² .OD Â² 8Âª_@-E_$KC 7ÂªMT6bMÂ&#x2030; Â±Âª LT%TMT6bMÂ&#x2030; OÂªMT6bMÂ&#x2030; +ÂªL*%GT ÂµÂ¬ÂÂÂ¬

J[;D <EV$TE LV;cMC96`9;

a9EJS@9

a9ELTE

Â¬ Â³Â±Â²Â² Â°Â¬ÂÂ Â¬ Â³Â±Â°Â¯ Â®Â°Â³Â´

Â¬ Â³Â°Â®Â¯ Â±Â²Â²Â

a9EJS@9

a9ELTE

Â¬ Â³Â±Â²Â² Â°Â¬ÂÂ Â¬ Â³Â³Â°Â¯ Â¬Â°Â°Â²

Â¬ Â³Â¯Â¯Â± Â¬Â®Â°Â¬

Â¬ Â³Â°Â®Â¯ Â±Â²Â²Â

Â®Â® J[;D <EV$TELV;cMC96`9; 9WgOD[

ÂÂª J[;D Q $ER<Wg Â®Âª J[;D Q _$TRLCZD

Â°Â²Â°Â«Â®Â³Â©Â®Â´ 8Âª OZ7E$V+ 7Âª$ER<Wg bMÂ&#x2030; OÂª_CYO* +Âª$ER<Wg Â´ÂÂ¬Â¬Â¬ ÂÂ±ÂÂ«Â®Â´ MC[ Â 8ÂªEO<_$TR 7Âª< O>Z6 OÂª_$TRLCZD +ÂªLZETK0E :T;W Â´Â°Â¯Â®Â¬ Â´Â²Â«ÂµÂ©ÂÂ¬ MC[ Â° 8Âª_@-E_$KC 7ÂªIS*c> OÂª_CYO* +Âª-ZC@E Â´Â²ÂÂµÂ¬ Â¯Âª J[;D Q -ZC@E Â¯Â²Â³Â«Âµ 8ÂªM IDDO6 7Âª9S<_9WgD* OÂª_CYO* +Âª7ES* ÂµÂ®Â¬Â¬Â¬ Â°Âª J[;D Q 7ES* ÂÂ¬Â²Â¨ÂÂ¬Â´ 8Âª@S4;T$TEÂ©'[%IT* 7Âªb;_CYO* Â±Âª J[;D Q ;'EJEW:EECETOÂª_CYO* +Âª;'EJEW:EECET- Â´Â¬Â¬Â¬Â¬ Â®ÂµÂ³Â«ÂÂ¯ÂµÂ©ÂÂ°Â¬ MC[ Â° 8ÂªM;O*+V$ 7ÂªE[LRCV`G Â²Âª J[;D Q = 77T;W OÂª_CYO* +Âª= 77T;W ÂµÂ°Â¬Â¬Â¬ ÂÂ´Â¬Â¨ÂÂ´Â® 8Âªc-D<ZEW 7Âª'[MTLIEE' OÂª_CYO* +Âª@S9GZ* ÂµÂ¯Â¬Â¬Â¬ Â³Âª J[;D Q@S9GZ* ÂÂ´Â¯Â«Â®Â²Â©Â®Â´ 8Âª@S**T 7Âª7GT6bMÂ&#x2030; OÂª_CYO* +ÂªB[_$f7 Â´Â¯Â¬Â¬Â¬ Â´Âª J[;D Q B[_$f7 Â²ÂÂ´Â«Â MC[ Â® 8Âª$TÂ&#x2030;+;TI5V- 7Âª@RI* OÂª_CYO* +ÂªL*%GT ÂµÂ¬ÂÂ¬Â¬ ÂµÂª J[;D Q L*%GT ÂÂ¬Âª J[;D Q LZETK1E :T;W Â°ÂÂ«ÂÂ©Â® MC[ Â® 8ÂªLZETK0E Â© @Z;@V; 7ÂªIS6=ER6[ OÂª_CYO* +ÂªLZETK0E :T;W Â´Â°Â¬Â¬Â¬ ÂÂÂª J[;D Q MT6bMÂ&#x2030; ÂÂ² .OD Â² 8Âª_@-E_$KC 7ÂªMT6bMÂ&#x2030; OÂªMT6bMÂ&#x2030; +ÂªL*%GT ÂµÂ¬ÂÂÂ¬

Annual Report 2012 / 2555

117 The Viriyah Insurance

IV EV D R = E R $S ; BS D

Â® LT%T _,@TR_@YgO<EV$TELV;cMC96`9; LT%T_,@TRQ ÂÂª LT%TQ9Z *L*

Annual Report 2012 / 2555

a9EJS@9

a9ELTE

Â¬ Â³Â±Â°Â® ÂÂ¬Â¯Â±

LVg * 9Wg % T @ _ + T 9l T c = ` G I b ; IS ; ;Wh CW ' I T C Ll T 'S Â&#x2030; C T $ _ @ E T R I T % T @ _ + T c 6 L G R -W IV 7 M ;Xg * IS ; _ = ; ' T 9 6 ` 9 ; c = ` G I

_ Gf $ IV EV D R @S ; :Z

>[ $ O 7Sh * < EV KS 9 IV EV D R = E R $S ; BS D +l T $S 6 Â¤ C M T - ; Â¥

< EV KS 9 IV EV D R = E R $S ; BS D +l T $S 6 ¤ C M T - ; ¥ « ® ´ ¨ ® « ² ± O T ' T E O T E _ O L 8 ; ; ES - 6 T BV _ K $ ` % I * 6V ; ` 6 * _ % 7 6V ; ` 6 * $ EZ * _ 9 @ Q ¬ ° ¬ ¬ a 9 E JS @ 9 ¬ © ® ® ¯ µ © ¬ ¬ ¬ © ² µ a 9 E L T E ¬ © ® ² ° © ¯ ± ¬ ¬ 7 O ° µ ±

ó ó ó ª ò å î å õ Ý ä ª ß ë ª ð ä