Egypt – Electronic issuance through the post
Sunday, 06 24 2018, Category: Insurance and Reinsurance, Country: Egypt
Insurance leaders asked the Egyptian Financial Supervisory Authority to help issue insurance electronically through postal offices in order to boost microinsurance and achieve financial inclusion.
Moreover, the Egyptian Financial Supervisory Authority is studying the issuance of insurance products through the post electronically in light of the decision No 18 of year 2014, which introduces the amendments needed to promote microinsurance.
Mr. Reda Abdel Moaty, Acting Chairman of the Egyptian Financial Supervisory Authority (EFSA) said that the authority wants to eliminate all the obstacles facing insurance companies and microinsruance in particular.
Source: Al Mal News