Egypt – Credit risk attracts insurance sector
Monday, 09 04 2017, Category: Insurance and Reinsurance, Country: Egypt
Insurance experts confirmed that the coverage of the credit risk of small and medium-sized projects is gaining increased importance among insurance companies. Additionally, microinsurance increases investment opportunities of insurance companies in the Egyptian market. They confirmed that microinsurance aims at increasing financial inclusion indicating that microinsurance is currently weak in the Egyptian market and needs more attention.
Moreover, Mr. Mohamad Abdel Mawla said that there are insurance contracts that cover the credit risk of loans to small and medium-sized projects in the Egyptian market. And during the past period, these contracts gained increased importance especially property policies. He indicated that every company has the right to develop this insurance according to its vision and the size of its portfolio.
Source: Veto Gate