The Financial Regulatory Authority (FRA) launched yesterday its comprehensive electronic database for the insurance industry, which will include information on both providers and customers, Al Masry Al Youm reports. The move, which comes with the support of industry lobby group the Egyptian Insurance Federation, is meant to keep insurance prices fair and transparent while helping curb market manipulation, FRA officials reportedly said. We’ve yet to see any explanation as to who will have access to the database. By our guess this could be an “iScore for the insurance industry” or maybe a monthly league table as the FRA presently does with the leasing industry.

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