Egypt – Foreign insurers seem to limit activities
Wednesday, 10 05 2016, Category: Insurance and Reinsurance, Country: Egypt
Insurance experts issued warnings about the decrease in the activities of foreign insurance companies operating in the Egyptian market especially given the indicators about such a trend. Some foreign companies are only maintaining the current level of activity without trying to increase their market shares indicating that companies are decreasing their activities in the Egyptian markets due to the economic situation in the country.
Insurance experts also clarified that the Egyptian insurance market greatly benefits from the presence of foreign insurance companies in the Egyptian market and they clarified that these companies have a clear vision to underwrite sound underwriting in addition to a clear policy for the settlement of claims.
Source: Veto Gate