Egypt – New speculation on mobile phone applications
Tuesday, 11 15 2016, Category: Technology, Country: Egypt
Insurance companies are currently speculating on the widespread use of modern mobile phones in their insurance activities. This is done through the design and implementation of “applications” in order to communicate with the different departments, obtain information quickly, compare targeted performance with actual performance and take rapid decisions on statistics and pricing.
The company leaders confirmed that mobile phone applications help customers to remember the renewal dates of policies, which will diminish cancelation rates, improve collection, notify customers about check payment dates and will also notify production professionals about their commissions and licensing renewal dates at the Egyptian Financial Supervisory Authority.
They requested the Authority to allow the electronic sale of insurance contracts directly on mobile phones to customers and to set regulations for this issue as was the case for the electronic issuance regulations for sales through brokers and travel agencies.
Source: Al Mal News