Egypt – Limiting abuse in construction liability insurance
Thursday, 01 05 2017, Category: Insurance and Reinsurance, Country: Egypt
The “Civil Liability from Construction Insurance Pool” i.e. the decennial insurance pool signed a cooperation protocol with the ministry of housing, utilities & urban communities in order to better control the insurance activities related to licensed construction design and projects.
The president of the Insurance Federation of Egypt Mr. Abdul Rauf Kotb said that this protocol follows the technical inspection of the ministry of housing, which uncovered abuse cases such as fake insurance policies that are included in the license application.
Source: Al Borsa