Egypt – Regulator raised ins. inv. in stocks to 40%
Tuesday, 05 08 2018, Category: Insurance and Reinsurance, Country: Egypt
The board of directors of the Egyptian Financial Supervisory Authority agreed to raise the maximum allowed investments of insurers in stocks to 40% of total investments but they will still have to comply with article 28 of the executive rules of law No 10 of year 1981. However, the law have to be approved by H.E. Sahar Nasr, Minister of Investment and International Cooperation.