Egypt – Overcoming fake motor insurance
Thursday, 07 27 2017, Category: Insurance and Reinsurance, Country: Egypt
Mr. Abdel-Raouf Kotb, chairman of the Insurance Federation of Egypt said that the insurance sector was exposed to fraud and fake insurance in both compulsory motor insurance and life insurance. There is a lot of manipulation in the amount of premium payment. Mr. Kotb added in statements to “Ahram Auto” that the Federation protected the sector from this phenomenon by introducing a highly technical watermark in order to eliminate fake contracts. The Insurance Federation of Egypt was successful in overcoming fake insurance.
Source: Auto Ahram