Egypt – Electronic system to tackle fake insurance policies
Monday, 10 10 2016, Category: Insurance and Reinsurance, Country: Egypt
Insurance experts confirmed the importance of launching an electronic system linking companies given the increase in abuse and fake insurance policies. They stressed on the importance of building a database that covers all insurance companies, different sectors, vehicle garages and workshops and related companies.
Experts also said that the decisions of the Egyptian Financial Supervisory Authority are very important for the insurance sector and will affect positively the insurance industry especially after the issuance of the regulations related to the electronic websites of companies and insurance and reinsurance brokers.
Source: Veto Gate