Egypt – Electronic issuance of “compulsory motor” insurance
Wednesday, 04 13 2016, Category: Insurance and Reinsurance, Country: Egypt
The Insurance Federation of Egypt under the leadership of Mr. Abdel-Raouf Kotb addressed the Egyptian Financial Supervisory Authority about the rules that should govern the electronic issuance of compulsory motor insurance.
Mr. Ibrahim Labib head of the automotive committee of the Federation and manager of motor insurance at “Delta Insurance” said that as soon as the rules of the compulsory motor insurance will be issued, there will be agreements with the Ministry of Interior represented by the Traffic department in order to implement it at all the traffic units at the republic’s level. A protocol will also be signed with the unknow vehicle accident fund given that this fund is part of the compulsory motor insurance system.
Source: Al Mal News