Egypt - State interested in developing ins. System
Wednesday, 07 18 2018, Category: Insurance and Reinsurance, Country: Egypt
Head of the Egyptian Financial Supervisory Authority Mohamed Omran on Tuesday said that the insurance system in Egypt is receiving interest from the political leadership in an unprecedented way.
Addressing a workshop that was organized by the Authority on the progress of the insurance sector in Egypt, he added that a new comprehensive strategy will be adopted for increasing this sector's contribution to the gross domestic product.
The coming period will witness an expansion of insurance activities for adding more subscribers from the Egyptian people to the insurance system, he added.
The new comprehensive insurance law will be complete by September and will be put up for societal dialogue in October ahead of referring it to the government, he pointed out.
Source: The Egyptian Gazette