Egypt – Insurance Federation prepares database manual
Tuesday, 12 15 2015, Category: Insurance and Reinsurance, Country: Egypt
The Insurance Federation of Egypt decided to address information technology experts in order to prepare a manual introducing a database for insurance companies in an anticipatory move aiming at streamlining the sector and controlling loss ratios.
Mr. Ahmed Arfeen the Managing Director of Egyptian Takaful Insurance Company (Non-life) – one of the members of the technical committee – said that as soon as the manual of specifications is developed, a tender will be proposed to information technology companies in order to receive financial and technical proposals.
It has been decided that “IBM”, “Oracle” in addition to “Special Group” will participate in the tender given that “Special Group” already provided the Insurance Federation will offers in the past period in which it tackled the services that could be offered by the database.
Source: Al Mal News