Egypt’s FRA mulls offers for 2 public, non-life insurance companies

By Eslam Abdelhameed On Oct 29, 2019

Egypt’s market regulator FRA — Egypt's Financial Regulatory Authority (FRA) - previously the Egyptian Financial Supervisory Authority (EFSA)

Egypt’s market regulator is studying a feasibility study represented by Egyptian institutions to establish two public and non-life insurance companies, a senior official said on Tuesday.

These remarks were made by the Egyptian Regulatory Authority’s (FRA) deputy head Reda Abdel Moaty.

The country’s General Authority for Investment and Free Zones (GAFI) will start the establishment procedures of the firms after getting FRA’s initial approval, Abdel Moaty added.