Health Care Committee To Discuss Medical Insurance Losses Next Tuesday

The Health Care Insurance Committee at the Insurance Federation of Egypt (IFE) plans to study the reasons behind the loss rates made by medical insurance sector in Egypt in its meeting next Tuesday, said Ali Abdel Aziz, member of the committee.

Abdel Aziz said he suggested such point to the Committee as the medical insurance sector continues to lose because of the competition among insurance and healthcare companies.

Unlike insurance companies, healthcare firms do not allocate provisions and this enable them post better results that the insurance companies, he added.