Egypt – Death to weather is covered
Friday, 12 08 2017, Category: Insurance and Reinsurance, Country: Egypt
Insurance companies started examining the repercussions of accidents related to bad weather in the winter, so insurers operating in Egypt are in a negative position due to the claims of affected persons such as the deaths related to heavy rain and floods as well as the property insurance claims.
The actuary Dr. Fayeq Hanna said that “insurance companies should pay death claims related to bad weather because the life insurance contract indemnifies the beneficiaries in weather-related death, which is considered to be a natural death.
Source: Veto Gate