Insuring nuclear facilities in Egypt
Friday, 11 27 2015, Category: Insurance and Reinsurance, Country: Egypt
Mr. Abdul Raouf Kotb President of the Insurance Federation of Egypt said that the nuclear pool will insure the “El Dabaa” project as soon as it starts.
Mr. Kotb said that the federation is fully ready to insurance the whole project. And he added that the government should be addressed in order to study the method of insuring the project as soon as the details of implementation are released indicating that the assistance of global reinsurers will be called upon.
Moreover, Mr. Mohamad Abdullah, president of the Egyptian Nuclear Insurance Pool said that the pool is finalizing its statutes and it already sent it to the Egyptian Financial Supervisory Authority for approval. The Authority in turn made some amendments to the statutes of the pool indicating that after finalizing the founding basis, the pool will be directly enacted.