Egypt – Terrorism in accident policies not covered by reinsurers
Tuesday, 10 27 2015, Category: Insurance and Reinsurance, Country: Egypt
The Chairman of the Egyptian Association for the Development of Insurance Awareness Mr. Ahmad Najib said that all reinsurance treaties that cover personal accident policies exclude the terrorism risk and the dangerous zones in addition to mountain climbing, indicating that a new cover can be obtained for terrorism given that are specialized reinsurers that cover this kind of policies.
Mr. Najib clarified to “Al Sahm News” that visiting tourists from foreign countries have sufficient insurance awareness and knowledge about this kind of insurance in their countries, noting that the personal insurance policy issued by insurers covers numerous risks such as death, corpse repatriation, total and partial disability in addition to health insurance benefits.
Source: Al Sahm News