Insurance companies are waiting for electric cars to propagate in the Egyptian market in order to prepare their insurance documents in light of the state’s attention and encouragement for electric cars so as to limit carbon emissions and environmental pollution. One of the first steps taken by the ministry was opening 12 electric cars’ recharging stations earlier this year. Amr El Kafrawy, head of cars management at Iskan Insurance Company, said that the spread of electric cars in Egypt together with gasoline-fuelled cars will lead to a variety of diversity in the protection programmes insurance companies offer to clients who have cars. Moustafa El Sawy, the general manager of cars at Arab Misr Insurance Group, said that insuring electric cars represents a new channel for insurance companies in order to increase the collected instalments. Qatari suggested that the IFEgypt and the Insurance Institute of Egypt prepare training courses in the sector to qualify employees in the field of car insurance.

Source: Daily News Egypt December 13, 2018 11:03 UTC