Egypt - Mandatory insurance for tourists
Tuesday, 07 17 2018, Category: Insurance and Reinsurance, Country: Egypt
The Financial Regulatory Authority is drafting a bill that would force tourists to pay a nominal personal insurance fee, deputy head Reda Abdel Moty said yesterday, Al Mal reports. The preliminary draft extends coverage to life as well as healthcare, he said, adding that talks are ongoing with the Tourism Ministry to conduct a study that will be used to price the policy and determine the method of collection, which is likely to be through a network insurance companies that join the program.
Source: Enterprise Press