Egypt - Wataniya Ins. in talks to obtain non-life license
Thursday, 04 30 2020, Category: Insurance and Reinsurance, Country: Egypt
Wataniya Insurance is negotiating to obtain a license for non-life insurance activity coverage in Egypt, a senior official at the Egyptian Financial Regulatory Authority (FRA) said on Wednesday.
Wataniya will start activating the non-life coverage activity at a capital worth 100 million Egyptian pounds ($6.3 million) after receiving the license and approval of its non-life insurance policies from the Egyptian market regulator, FRA’s vice chairman Reda Abdel Moaty added.
Source: Amwal Al Ghad