Marine Hull Insurance Committee Sets Inspection Basics

The Marine Hull Insurance Committee at the Insurance Federation of Egypt (IFE) studies the issuance of basics to help insurance inspectors in writing their reports, said Essam El-Din Rashed, head of the Committee.

This move came as the reports of marine hull insurance inspection were lacking some important points, Rashed noted. The basics that will be issued will include the accurate terms to be used and the most important information needed for these reports.

This plan will require seven months to issue these basics. The Committee is now studying the basics used in reports in other countries to discuss them and issue the basics that are compliant with the standards of the Egyptian insurance market.