Egypt – Financial supervisor to promote insurance
Wednesday, 10 11 2017, Category: Insurance and Reinsurance, Country: Egypt
Dr. Mohammed Omran, the Chairman of the Egyptian Financial Supervisory Authority said that promoting the insurance sector is one of the most important strategic objectives of the Authority since they represent vital non-banking financial services.
Moreover, Dr. Omran added at the margins of the first meeting of the board of directors of the Insurance Federation of Egypt in its new session (2017-2021) with the participation of the members of the board that there is a joint cooperation between the Federation and the Authority in order to increase the size of written premiums and raise their contribution to the Gross Domestic Product, which is currently at 1.3%.
Source: CNBC Arabia