Egypt – Regulations to issue policies electronically
Monday, 08 29 2016, Category: Insurance and Reinsurance, Country: Egypt
The Egyptian Financial Supervisory Authority issued two executive decisions addressing the issuance and distribution of insurance policies electronically through information systems for the first time in Egypt.
Mr. Samy clarified to the Authority that after discussions with the Insurance Federation of Egypt, the executive regulations were issued for insurance contracts that can be issued and distributed electronically. The Authority also confirmed that technological and information system requirements that should be in place.
Source: Al Mal News