EIBA, IFE, EFSA Discuss Insurance Brokerage Unified Contract Today

The tripartite committee, composed of Egyptian Insurance Brokers Association (EIBA), Insurance Federation of Egypt (IFE) and Egyptian Financial Supervisory Authority (EFSA), will meet today to discuss the unified contract, said Adel Shaker, chairman of EIBA.

The meeting will be attended by the managing director of Allied Arab Assurance Brokerage Hazem Dawood as representative of Egyptian joint insurance brokerage companies, the managing director of Gras Savoye Insurance Brokerage Company Hamed Mabrouk as representative of foreign-originated insurance brokerage companies, and Adel Shaker as representative of EIBA.

The meeting will discuss the new terms added by IFE to the unified contract.

Shaker noted that the unified contract is a new experience and it is a result of efforts since 2007 as the draft contract was issued in 2009.