Accident Committee approves political violence insurance policy

General Committee of accident insurance unit at Insurance Federation of Egypt (IFE) will approve the new political violence insurance policy in its meeting tomorrow, so as to be submitted afterwards to the executive council of IFE.

Adel Mousa, head of the accident insurance committee, said that political violence insurance policy covers the risks of revolution, war, rebel and coup without covering the risks of riots and civil unrest, therefore the committee made some adjustments so as to be compliant with reinsurance agreements.

The committee also modified coerced theft insurance policy, the most important of which is goods delivery condition, especially that accident insurance lost a lot as a result of the increasing robbery rate in the last period.

Noteworthy that coordinative committee was held between accident and fire insurance committees last month to lay down the final form of the political violence insurance policy.