Egypt – 4 axes for insurance market strategy
Wednesday, 02 07 2018, Category: Insurance and Reinsurance, Country: Egypt
The Egyptian Financial Supervisory Authority finalized its comprehensive strategy for the insurance market, which relies on 4 main axes in order to increase opportunities, generate business and growth as well as regulating the market.
Mr Reda Abdel Moaty, vice chairman of the Egyptian Financial Supervisory Authority (EFSA) said that the authority followed a growth strategy based on many axes including comprehensive legislative reform instead of just amending existing laws and enacting current regulatory legislations until the new law is issued.
He indicated in a special interview with “Al Mal” news that the growth strategy includes some regulatory decisions, addressing ministries to expand the scope of insurance coverages, enacting laws such as the sport and terrorism law, which are related to insurance.
Source: Al Mal News