Misr Life insurance reveals EGP 29 million contract fraud
Wednesday, 02 17 2016, Category: Insurance and Reinsurance, Country: Egypt
The Chairman and Managing Director of Misr Life Insurance Dr. Ahmed Abdel Salam said that the company has a specific policy in dealing with fraud and abuse practiced by many individuals confirming that Misr Life Insurance is the first insurance company in the Egyptian and Arab market which establishing a specialized unit to combat fraud and abuse and uncover these cases. He clarified that the company has an investigation department which has a very good performance indicating that in the past period it identified insurance contracts with a value of EGP 29 million which were against the law and thus uncovered. Therefore, it proves that the anti-fraud department is trustful.
Source: Al Bosla News