Egypt – Introducing cyber insurance
Tuesday, 06 26 2018, Category: Technology, Country: Egypt
The Insurance Federation of Egypt is studying cybercrime insurance by examining numerous contracts available in the world. Special committees of the federation are considering establishing a new product that meets the needs of the Egyptian market in order to achieve the goals of the insurance sector and preserve the rights of customers whether they are companies or individuals who need adequate covers against these risks.
Moreover, the federation said that the biggest problem is to convince customers in Egypt about this type of insurance. Therefore, insurers, brokers and the Authority are responsible about raising insurance awareness.