Gras Savoye Joins Insurance Brokerage Division

Gras Savoye Insurance Brokerage Company will join the Division of Insurance Brokerage Companies, subsidiary to the Egyptian Insurance Brokers Association (EIBA) to which most insurance brokerage companies in Egypt are affiliated, said Hamed Mabrouk, Managing Director of the Company.

Most of the insurance brokerage companies join the Division until the establishment of a union for insurance brokerage companies in Egypt which awaits the issuance of a legal framework.

It is worth mentioning that EIBA approved last week the establishment of a division encompassing insurance brokerage companies, but some companies tended to establish an independent society instead.