Egypt – Ins Federation to boost premiums
Friday, 03 16 2018, Category: Insurance and Reinsurance, Country: Egypt
Mr. Alaa Al-Zoheiry chairman of the Insurance Federation of Egypt said that the Federation in collaboration with the Egyptian Financial Supervisory Authority seeks to increase insurance premiums through pricing-related programs and by increasing focus on micro-insurance.
Moreover, Mr. Al-Zoheiry said that companies in collaboration with the federation want to adopt rapidly new contracts as well as develop new insurance products.
Furthermore, the Insurance Federation of Egypt clarified that it submitted proposals for new compulsory lines, which include civil and professional liability insurance. Finally, it plans to strengthen insurance culture and stress on its important in an awareness campaign.