Egypt – New comprehensive motor insurance policy
Wednesday, 04 13 2016, Category: Insurance and Reinsurance, Country: Egypt
The motor insurance committee of the Insurance Federation of Egypt finalized the drafting of the comprehensive motor insurance policy.
Mr. Ibrahim Labib who is chairman of the committee and manager of motor insurance at Delta Insurance Company said that the final version was sent to the Executive Council for Property Insurance at the Federation in order to be adopted. It will also be sent the Egyptian Financial Supervisory Authority in order for it to adopt it.
Mr. Labib added during the annual seminar of the committee that the motor committee tackled the financial decision No 122 of year 2015 which allow the electronic issuance of compulsory motor insurance.
Source: Al Borsa