Egypt – Insurers should promote liability insurance
Saturday, 10 10 2015, Category: Insurance and Reinsurance, Country: Egypt
Mr. Hamdi Abdul Mawla the insurance broker confirmed that the Egyptian insurance market has numerous insurance policies which cover the invalidity of products, preserved and processed foods. However, insurance managers do not promote these products through the different media.
“Abul Mawla” added in statements of the “Veto Gate” that the product and liability product against the second party cover restaurants, cafes, food manufacturers and preserved foods available to everybody. But the demand for such policies does not exceed 10% of the potential market due to poor marketing. Additionally the managers of these companies do not insure their products against inadequate storage which can lead to poisonous cases for consumers who can then sue legally factories.
Source: Veto Gate