Aggregated News From Investment Management Regulators

EFSA participates in the SME Insurance Summit in Singapore

Report/Flag

Please complete the required fields.



EFSA participated in the SME Insurance Summit in Singapore under the auspices of the German Agency for International Cooperation (GIZ).

Dr. Mohammed Omran, EFSA’s Acting Chairman reviewed the report which was prepared by the group that participated in the conference. The report emphasized that the summit’s main  objective is to organize how small and medium enterprises can obtain insurance to manage their risks and increase their size by identifying the optimal insurance coverage they need and simplifying the complexities faced by these companies. The report stated that the small and medium enterprises shall identify insurance priorities and simplify it by classifying insurance according to its types (life insurance – general insurance).

 It is worth mentioning that EFSA has first organized micro-insurance in Egypt in November 2016. EFSA has set the controls that allow the issuance and distribution of electronic policies which is an important step to make insurance services available for new segments of society and this shows Egypt’s efforts in achieving financial inclusion. In addition, EFSA has defined micro-insurance as any insurance service which targets low incomes in the areas of life insurance and property insurance in order to protect them from the risks they may be exposed that is by paying installments that suit the nature of the insured risk.
 

Source link

Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

Recent Articles

Directive for the beneficial ownership register of express trusts and similar legal arrangements

See the Press Release published by the Cyprus Securities and Exchange Commission (CySEC CY) here: Source link

RichmondSuper

Attention! The FMA warns investors against concluding transactions with: RichmondSuper https://www.richmondsuper.com (Link to external page. Opens in new window.) [email protected] [email protected] [email protected] [email protected] [email protected] (Link to external page. Opens in new window.) This provider...

Hardson Becker Global

Attention! The FMA warns investors against concluding transactions with: Hardson Becker Global with its registered address apparently in Hangzhou, China www.hardson.com This provider is not authorised to carry...

“Let’s talk about money” – money laundering: how illegal assets are given a legal appearance

In the latest edition of its consumer information series, “Let’s talk about money” the Austrian Financial Market Authority (FMA) explains about the term money...

Chair Powell will host town hall with educators August 2, 2021 at 4 p.m. EDT

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.

Get the latest from Regulatory.News in your inbox!

×