Egypt – Traffic law increases insurance profits
Monday, 01 15 2018, Category: Insurance and Reinsurance, Country: Egypt
Insurance experts confirmed the importance of the new traffic law given its articles and conditions that will decrease the different types of accidents and will thus limit claims if the law is respected. Therefore, the law serves the interests of all stakeholders including citizens and insurance companies. They supported awareness efforts including penalties for those who do not respect the law.
Moreover, Mr. Mustafa Sawi, Vice Chairman of the General Committee of Motor Insurance said that the objective of the new traffic law is to fight crimes and catastrophic accidents that happen on the roads.
Source: Veto Gate