Egypt – Financial Authority issues insurance website regulations
Thursday, 09 29 2016, Category: Insurance and Reinsurance, Country: Egypt
The Egyptian Financial Supervisory Authority issued for the first time regulations controlling the electronic websites launched on the internet by insurance companies and insurance & reinsurance brokers.
The Authority confirmed that these controls are meant to reinforce objective information, statistics and marketing messages when they are addressed to customers. This will protect consumers by avoiding inaccurate, misleading or missing information. Therefore, released information will have to comply with insurance market rules and legislations regulating the market.
Source: Al Wafd