Egypt – 4 methods to limit “fire” losses
Tuesday, 12 19 2017, Category: Insurance and Reinsurance, Country: Egypt
The Insurance Federation of Egypt prepared statistics about the fire claims that took place during the past 4 years and which reached EGP 900 million. It listed the industries, which witnessed elevated losses of which the paper industry represented 15% of losses and triggered hardening conditions from reinsurers.
Moreover, the insurance experts confirmed the necessity of following the recommendations to reduce fire losses in the next period, which including pre-issuance risk surveys and making sure the customer takes all prevention and protection measures to reduce losses.
Source: Almasry Alyoum