Egypt – Regulator signs microinsurance deal
Thursday, 08 02 2018, Category: Insurance and Reinsurance, Country: Egypt
The Egyptian Financial Supervisory Authority signed an agreement with 5 microfinance companies in order to extend insurance to the owners of micro-projects.
Mr. Reda Abdel Moaty, Deputy Chairman at Egyptian Financial Supervisory Authority said that the Authority decided to enter into an agreement with microfinance companies to offer insurance coverage since it is one of the parties financing micro-projects in order to guarantee the continuity and success of these projects.
Source: Arab Youm