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FRA is pushing credit ins. pricing onto actuarial footing with new underwriting rulebook
Insurers will have six months to comply with the new framework, which adds annual model validation and semiannual stress testing
Credit checks are coming to high-value life insurance policies
Ins’ers must build new fraud-detection, suitability, and reporting controls into their underwriting systems by 16 October
FRA moves to cap NBFI expansion risks, tighten the screws on reins.
The regulator is tying geographic expansion to clean compliance records ahead of a looming August deadline
Axa Life Ins. Egypt taps Waleed Samy as new MD
Axa Life Ins. Egypt appointed Waleed Samy (LinkedIn) as managing director, following official approval from the Financial Regulatory Authority, according…
Bokra debuts Shakmagia gold fund this month, targets EGP 10 mn
Plus: FRA is capping vehicle depreciation rates to settle claims disputes
Financial Regulatory Authority makes life and disability ins. mandatory for all customer finance loans
Consumer finance players, already battling high interest rates and inflation, must now bake ins. premiums into their cost structure
Allianz Trade upgrades country risk, citing the end of the liquidity crisis despite ongoing business-as-usual risks
A more favorable D3 rating should persuade some global trade credit insurers to loosen limits on shipments to Egypt that…
Sarwa Ins. becomes the first insurer to get the green light to issue and activate title ins. policies
Plus: cabinet expands subsidized loan program, China’s Guide Automotive Technology to establish EV factory, Aman Consumer Finance closes securitized bond…
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