1 Day
Source:
بوابة الفجر
_1777352142843_145525226.png&w=48&q=75){kind=small}
Financial regulator supports innovation in products
The article focused on the efforts of the Egyptian Financial Regulatory Authority to strengthen the insurance industry and leverage the new legislative and regulatory framework. It emphasized that Unified Law No. 155 of 2024 aims to stimulate innovation and improve financial inclusion through insurance products targeted at small and medium-sized enterprises and vital sectors. The article highlighted the goal of expanding its market share, which currently ranges around 3% in most African countries, although South Africa reaches approximately 12%. Additionally, the article reviewed digital initiatives, the development of regulatory products, as well as expansions in distribution channels and the enhancement of companies' financial solvency.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)