Egypt – Electronic linking will limit losses
Friday, 08 05 2016, Category: Insurance and Reinsurance, Country: Egypt
Mr. Abdul Rauf Kotb the President of the Insurance Federation of Egypt confirmed that that there are efforts to implement the electronic linking between the insurance companies operating in Egypt indicating that the studies undertaken by the Insurance Federation of Egypt proved the necessity of the electronic linking in order to build one single database.
Mr. Kotb said that during the past period a large number of insurance companies suffered from insurance fraud, indicating that a database listing customers, contract conditions, and liabilities of parties will help find a balance and limit fraud and losses.
Source: Veto Gate