Egypt’s FRA urges wider insurance coverage to boost stability

The chairman of Egypt’s Financial Regulatory Authority (FRA) Mohamed Farid on Sunday affirmed that expanding insurance coverage across all economic sectors will enhance risk management and accelerate insurance inclusion.

He affirmed the FRA’s support for all initiatives that provide insurance coverage, contributing to the protection of citizens and firms from risk, which fosters social and economic stability and reduces burdens from potential risks.

“This will boost confidence in the market, attract more investments, and ensure sustainable economic growth,” he said

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama