Globally, countries like Sweden have pioneered innovative solutions successfully integrated into their insurance sectors that Egypt could mimic. These include using AI for rapid claim detection and fraud prevention.
Moreover, the global trend towards pay-how-you-drive policies offers an intriguing model that could reduce premium costs dramatically based on driver behaviors.
Egypt’s unique driving landscape, however, means these solutions require tailored implementations.
What you should grasp next is the revolutionary potential these practices hold for shaping a more efficient, fair, and technologically savvy insurance industry.