The Egyptian market can absorb additional insurers
Tuesday, 09 01 2015, Category: Insurance and Reinsurance, Country: Egypt
Mr. Sherif Samy the chairman of the Egyptian Financial Supervisory Authority confirmed that the insurance sector is one of the most important sectors served by the Authority clarifying that it’s one of the most powerful in facing the crises that affected other economic sectors.
Mr. Samy said in statements to the “Veto” that he makes the utmost efforts in helping and easing procedures for the different insurance companies that help citizens in case of catastrophes or property losses. He indicated that the Authority is bracing for reforming law No 10 of year 1981 and it formed a committee of important experts in order to draft a new insurance law that can cope with the new situation and international trends with respect to the insurance sector and insurance brokerage in order to serve policyholders.
Source: Veto Gate