Egypt – Launching a policyholders’ protection fund
Monday, 04 16 2018, Category: Insurance and Reinsurance, Country: Egypt
Mr. Alaa Al-Zoheiry, chairman of the Insurance Federation of Egypt revealed that he will hold a meeting with the officials of all insurance companies in order to finalize the policyholders’ protection fund at the end of the week and send the project to the Egyptian Financial Supervisory Authority.
Moreover, Al-Zoheiry added in statements to “Youm 7” that the law stipulates that a “policyholders’ protection fund” should be created and many meetings were held with the Authority in order to implement it.
Source: Youm 7