Egypt – Financial Supervision experts examine the German experience
Tuesday, 07 28 2015, Category: Insurance and Reinsurance, Country: Egypt
A delegation of financial supervision experts in the Egyptian Financial Supervisory Authority completed a visit to Germany during five days in order to examine the latest developments in the fields of insurance and insurance funds and the latest trends in the regulatory standards and the tools available to protect the customers.
Mr. Sherif Samy the chairman of the Authority who attended some of the meeting with the European Insurance and Occupational Pensions Authority which comprises all the insurance regulators of the European Union as well as with the German Federal Financial Supervisory Authority as well as the Cooperation Agency “GIZ”. The discussion centered on developing micro-insurance which Egypt wants to develop as well as developing risk-based supervision, the best practices in treating customer complaints, and claims dispute settlement. The European Insurance Authority offered a number of training opportunities to the Egyptian Financial Supervisory Authority in the next period.
Source: Egypt News