Egyptian insurance market regulatory oversight improving says Fitch

Regulatory oversight in the Egyptian insurance market is developing with both limited transparency and effectiveness of enforcement, but the market lacks technical sophistication, according to Fitch Ratings. The ratings agency noted that the insurance market is regulated under a fairly simplistic Solvency I-type framework: “For an insurer to operate, the value of assets of an insurance or reinsurance company must…

Please register or login to view the full post