Egypt – Insurers limit health business
Wednesday, 04 12 2017, Category: Insurance and Reinsurance, Country: Egypt
Insurance companies and health care companies started a restrained policy in issuing health contracts until pricing and underwriting are reviewed since they face large losses after the central bank liberalized the exchange rate of the Egyptian pound.
The large increase in the prices of health services, medicines and equipment during the past period led to losses at insurance and health care companies since they cannot amend the inforce contracts signed with the private sector.
Moreover, insurance companies reverted to a number of solutions in order to limit medical insurance losses such as raising deductibles and using international reinsurance in order to spread the risk.
Source: Al Borsa