Khaled Abdel Sadiq, CEO and Managing Director of Al Mohandes Co. The Insurance Company stated that his company had successfully renewed the reinsurance agreements for the current year
with the “Swiss Re” reinsurance company, the leader, adding that the company’s reinsurance list includes about 8 One of the largest regional and global return companies with strong solvency and rated by international rating institutions.
In the same context Khaled Abdel-Sadeq explained that the reinsurance agreements for this year witnessed an improvement in terms with the reinsurers, as the company increased its capacity in the various insurance branches, which gives it the ability to subscribe to high risks, as well as an increase in its retention rates from various risks, and the improvement of the terms of the reinsurance agreements for the year The current issue is due to the quality of the technical results achieved by the company.
In response to a question by “Businessmen,” Khaled Abdel said R Q: We in “Al-Mohandes Insurance” adopt a special strategy that depends mainly on satisfying the customer, providing a high quality product at reasonable prices, and facilitating the client’s access to the product in a way that guarantees his rights. Quickly settle all compensation for clients until we reach our main goal, which is customer satisfaction, in addition to our societal role in a way that contributes to achieving growth in the Egyptian society economically and socially, and in a way that contributes to increasing the insurance awareness of members of society and demonstrating the importance of insurance for companies, institutions and individuals.
With regard to the insurance portfolio of his company..
Khaled Abdel-Sadiq said: We at Al-Mohandes Insurance have a clear policy for everyone, which is choosing the risk and not entering into harmful price competition. We care more about the quality of the product offered to the customer and we care about the speedy settlement of compensation. As for the most important target sectors, we hope to expand in medical insurance and enter the health insurance market Troll and aviation, in addition to keeping pace with the general trend of the state in micro-insurance to serve that large segment of our society. The geographical expansion of the company.. Khaled Abdel-Sadeq explained by saying: Al-Mohandes Insurance branches spread to cover most of the Egyptian governorates. We have 854 a branch spread in the most important cities Al-Masria as the main center in Dokki, in addition to the Mohandessin branch, Ramses, Downtown, Nasr City, Maadi and Sayeda Zeinab, in addition to the branches of Wajh Kebily in Minya, Assiut, Fayoum and Beni Suef, and the branches of Lower Egypt in Alexandria, Tanta, Mansoura, Mit Ghamr and Zagazig, and finally the branches of the canal line such as Suez and Port Said, and we also have a plan to open New branches so that our services reach all our customers throughout the republic, in addition to developing the already existing branches in technology and at the level of their infrastructure. Khaled Abdel-Sadeq concluded by emphasizing that “Al-Mohandes Insurance” continues its launch process based on studied scientific foundations and plans, preserving its successes at all levels, especially with regard to supporting the state’s directions to achieve development. It is our pride in choosing our company and honoring it among the most influential companies in the Egyptian market, which motivates us to exert more effort and double work to achieve the desired goals in the interest of our national economy.