Egypt – Insurers to collaborate with e-payment firms
Monday, 06 04 2018, Category: Insurance and Reinsurance, Country: Egypt
The Egyptian Financial Supervisory Agreement started studying a strategy to boost the premiums of the insurance sector during the next 4 years. Therefore, it is considering the authorization of the marketing of standardized products through e-payment firms. This will ease the procedures of customers, it will provide comprehensive services and will allow the settlement of premiums through the e-payment firms.
Moreover, insurance companies and e-payment firms will reap three benefits from this partnership such as easing access to insurance, decreasing cost, and securing fees to e-payment companies.
Source: Almasry Alyoum