Egypt – Insurance to cope with natural risks
Friday, 09 15 2017, Category: Nature, Country: Egypt
Mr. Alaa Al-Zoheiry, Chairman of the Insurance Federation of Egypt confirmed that natural risks in Egypt are limited – according to studies and statistics noting that the earthquake risk is the most important potential cause of natural disasters in Egypt. However, given the climate change that is taking place especially after the two hurricanes “Harvey” and “Irma”, insurance companies are studying these risks and the coverage methods based on the decision of the council of ministers No 3185 of year 2016.
Moreover, he indicated in a recent press release that a national commission is being established to manage crises, catastrophes and risks in order to coordinate the efforts of all ministries, governorates and departments in charge of crises and catastrophes and raise social awareness. This will build a sound social culture in dealing with crises and catastrophes.
Source: Veto Gate