Egypt - 4 ins. license applications under review
Wednesday, 10 14 2020, Category: Insurance and Reinsurance, Country: Egypt
Four more companies are looking to enter the insurance market and have license applications under review at the Financial Regulatory Authority (FRA), deputy head of the authority Reda Abdel Moaty told Hapi Journal on the sidelines of the Regional Forum for Medical Insurance and Healthcare. Under the universal healthcare act, new medical insurance companies can launch starting capital of EGP 60 mn, while healthcare management companies require at least EGP 15 mn, Abdel Moaty said.