The Insurance Federation of Egypt has announced it is to create a natural disaster insurance scheme by the end of the year in the country, and is calling on the country's insurers to do the same. In an interview with Al Jazeera, Mohamed ElBaradei, head of Egypt's National Association for Insurance, said that he was "surprised" at how quickly the government had acted.
The Insurance Federation of Egypt has announced it is to create a natural disaster insurance scheme by the end of the year in the country, and is calling on the country's insurers to do the same. Egypt is especially vulnerable to earthquakes and flooding as it is located near three major plate boundaries.