14 Hrs
Source:
المصري اليوم
AI and Risk Engineering Key for Business Stability
The article focused on the importance of developing the fire insurance sector in Egypt by relying on modern technology, especially artificial intelligence, to improve risk management and enhance assessment and pricing processes. It pointed out that the fire insurance branch constitutes 18% of property insurance premiums, with a loss ratio of 37%, highlighting the need to improve underwriting quality and reduce recurring losses. Experts explained that technological transformation contributes to risk prediction before they occur, promoting insurance inclusion and reducing the impact of hazards, with the goal of supporting business sustainability and protecting lives and property.
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