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International firms receive 70% of insurance installments paid in Egypt

Head of the Egyptian Insurance Federation Abd El-Raouf Kotb said, “Establishing new Egyptian re-insurance companies is an issue of national security.” He revealed that foreign re-insurance companies receive 70% of the insurance installments paid in Egypt. He added that most of the insurance certificates concluded between insurance companies and clients – whether insuring factories, banks, …

Daily News Egypt

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