ICEC

AMIG insured Raya by EGP100m

Raya Company contracted with the Arab Misr Insurance Group (AMIG) to have political violence insurance by EGP 100 million.
Waleed Sayed, deputy manager of fire and robbery sector, said that the demand on the political violence insurance certificate retreated after the first Egyptian revolution anniversary went peacefully as customers felt secure afterwards and demanded cancelling the certificate, but this does not apply to the latest agreements related to cancelling insurance.
It is worth mentioning that AMIG succeeded in renewing the insurance contact with Munich Re past January.

Amwal Alghad

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