Our services
Our services
Standards of the Cooperative Insurance Fund for the Protection of Motorized Fishing Vessels and Their Operators
The Insurance Fund for Motorized Fishing Vessels and Their Operators provides a comprehensive suite of insurance services that keep pace with developments in the marine fishing sector and meet the needs of fishermen and vessel owners throughout the country.
The Fund’s services are carefully designed to ensure protection, stability, and financial support against various maritime risks and accidents, thereby enhancing the security and sustainability of fishing activities.
Partnership for safety and sustainability
A service extending to all ports in the Republic The Fund continues to develop its services to cover all fishing areas in Egypt, in cooperation with relevant bodies and unions, thus ensuring social security for workers in this vital sector. The Fund has branches throughout the governorates. Ongoing cooperation with the Ministry of Agriculture and the General Authority for Fish Resources Development. Future plans to expand insurance coverage.
comprehensive support and compensation
Immediate Response to Maritime Accidents and Workers The Fund provides comprehensive insurance coverage for accidents involving motorized fishing vessels and their crews, ensuring the fastest possible disbursement of compensation to minimize the financial impact on families and vessel owners. Compensation for material losses to vessels Financial support for workers' families in cases of injury or death Ongoing field monitoring in fishing areas
Smart organizational structure
Advanced Digital Management for Insured Individuals The Fund has adopted an integrated electronic system for registering motorized fishing vessels and their crews, documenting accidents, and tracking premium payments securely and seamlessly, in line with the digital transformation of state institutions. This system aims to enhance the efficiency of insurance services and streamline procedures for fishermen and vessel owners in all governorates, while ensuring rapid access to required information at any time.
Integrated insurance system
Committed to applying the highest standards of transparency and efficiency. The Fund operates in accordance with the regulations approved by the Financial Regulatory Authority and employs modern systems for managing insurance documents and claims, ensuring speed and accuracy. Mandatory insurance for motorized fishing vessels and their crews. Fair and swift settlement of claims. Strict financial oversight and supervision to ensure sustainability and stability.
Statistical analysis and decision support
The fund relies on accurate data collected from various governorates to evaluate the performance of the insurance system and analyze accident and compensation rates, which helps in developing continuous improvement plans and enhancing service levels. Comprehensive annual reports on the number of insured vessels and employees Technical analysis of compensation and accidents Strategic support for decision-making bodies
Strong technical reserve to ensure sustainability
The fund maintains a growing financial reserve that ensures the fulfillment of all insurance obligations to policyholders at any time, thereby enhancing confidence and long-term financial stability. Prudent financial management of the reserve balance Regular monitoring by regulatory authorities Commitment to financial sustainability standards
Training and awareness programs for workers and boat owners
The fund works to raise insurance awareness among fishermen and those working in the maritime sector through seminars and training courses to promote a culture of safety and adherence to maritime safety regulations. Workshops and courses in fishing areas Regular awareness bulletins Field training on safety and insurance procedures
Institutional cooperation with governmental and regulatory bodies
The Fund seeks to build effective partnerships with relevant ministries and agencies to develop the marine insurance system and enhance social protection for workers. Ongoing coordination with the Financial Regulatory Authority Strategic partnerships with the Ministry of Agriculture and the Lakes and Fisheries Protection and Development Authority Joint projects for developing insurance systems and digitalization
