News & Events

The Egyptian Association for Compulsory Vehicle Insurance has renewed its contract with “Cashless Plus” company, which specializes in banking services and electronic payments, to collect premiums for compulsory car insurance policies.
The contract was signed by Ibrahim Labib, Executive Director, on behalf of Al Majma’a, and Jasser Al Sayed, Managing Director, on behalf of “Cashless Plus”, in the presence of Reda Abdel Moaty, Vice President of the Financial Supervisory Authority, Alaa Al Zohairy, President of the Insurance Federation, and heads of the member companies of Al Majmaah.

According to the contract, the system for collecting compulsory vehicle insurance documents will be renewed electronically, with the aim of achieving electronic linkage between the database of the General Administration of Traffic Information Systems and the group, and linking them to the database of the Cashless Plus company.

Under the contract as well, Cashless Plus provides an electronic collection service for the values of compulsory vehicle insurance policies in Egypt for all vehicle licenses in all traffic units.
For his part, Ibrahim Labib, Executive Director of Al Majma’a, said that, according to the cooperation between the two parties, “Cash Less Plus” guarantees the provision of correct and clearer data, in order for Al Majmaah to review insurance documents periodically to improve the service and provide accurate databases for citizens dealing.

For his part, Jasser said that the electronic activation of the compulsory insurance premium collection system leads to facilitating the process of searching for customer data.

In a related context, Al Majma’a inaugurated its new headquarters yesterday on Abdel Moneim Riyadh Street in Mohandessin, in the presence of Dr. Mohamed Farid, Acting Chairman of the Financial Regulatory Authority, and his deputy, Reda Abdel Moaty, along with a large number of market leaders.

Ibrahim Labib, Executive Director of Al Majmaah, said that the new headquarters enjoys a high technological structure that enables the work team in Al Majmaah to quickly perform all operational processes related to ending customer files, as well as following all preventive measures that preserve those present at the headquarters and following an automated work system that allows customers to obtain service easily. .

He explained that all Majma’a services are provided at its main headquarters and branches on one level, where citizens can submit or complete their documents and pay compensation through the main headquarters or Majma’a branches in Minya and Tanta.