Egypt – Railway and metro insurance pool supports citizens
Tuesday, 11 08 2016, Category: Insurance and Reinsurance, Country: Egypt
The insurance sector plays an important role not only in protecting the national economy by providing coverage to constructions, facilities and private and public enterprises but also by providing support and assistance to citizens in case who are exposed to risks. Insurance decision makers and managers are fully aware that the citizen is the top priority since he represents the true pillar of development and the essential engine of all activities such as agriculture, industry or services. It is confirmed that a large category of citizens estimated at millions use transportation services such as trains and metros for many reasons such as security and speed in order to avoid the difficulties of traffic congestion. However, despite the fact that the state tries to protect the security of transportation, there are accidents, which do occur and can be catastrophic in term of deaths and losses in addition to social catastrophes to the family dependents. Therefore, it was necessary for the insurance sector to establish an insurance pool covering railway and metro accidents.
Source: Alalam Elyoum