COMMENT PLEASE…
Mr. Reda Abdel Moaty, vice chairman of the Financial Regulatory Authority, has said that he is bullish about the growth of the insurance sector during the new year, with the optimism stemming from the positive economic indicators.
He outlines several moves which the Authority is making during the current year to support the insurance industry. These include legislation to promote micro insurance, expand agricultural insurance, introduce various classes of compulsory insurance shift to risk-based supervision and update financial solvency standards in line with international norms.
Do you think that they have correctly prioritized the issues?
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