Egypt – Insurers prefer group health
Tuesday, 01 30 2018, Category: Insurance and Reinsurance, Country: Egypt
Mr. Alaa Al-Zoheiry, chairman of the Insurance Federation of Egypt said that insurance companies prefer underwriting group health insurance given the high risks of individual insurance such as “anti-selection”, so very sick people are motivated to buy insurance and it is possible that the customer is aware of his chronic condition before applying for insurance.
Moreover, Mr. Al-Zoeheiry indicated that size of individual health insurance premiums is not attractive for insurance companies and brokers. Therefore, group health insurance becomes more attractive and some brokers refuse to market individual health insurance for these reasons.
Source: Alam Al Mal