EFSA Says EGP45bln Private Insurance Funds at FY13/14

Egyptian Financial Supervisory Authority (EFSA) Vice President Mohamed Meit said the expected investments volume of the private insurance funds estimated at EGP45 billion at the end of the last fiscal year of 2013/2014.

EFSA will seek by the next period to maximize the return on these funds stressing that there are a repaid amendments that schedule to conduct in the executive regulation of the private insurance funds, Meit explained.

It is schedule to discuss these amendments by EFSA to approve it after it will look into by the Supreme Committee.