Egypt: consumers can now take out debt to finance insurance, sporting club memberships

REGULATION WATCH- Consumers can now take out debt to finance sporting club memberships, insurance policies: The Financial Regulatory Authority (FRA) has authorized consumer finance companies to add the payment of insurance premiums and club membership fees and annual dues to their lists of products, according to a statement. The first part of the decision aims to stimulate the insurance market through consumer finance services, FRA boss Mohamed Omran said.