Regulatory Alerts2020-01-01
Circular No. 7 of 2020 Regarding the Settlement of Medical Insurance Branch Claims
The Financial Regulatory Authority of Egypt issued Circular No. 7 of 2020 mandating all medical insurance companies to expedite the settlement of claims from policyholders and healthcare service providers. This directive aims to alleviate financial pressures on regulated entities and the public during the coronavirus pandemic while reinforcing mutual trust between insurers and clients. The measure ensures the insurance sector maintains its vital role in mitigating the economic and social repercussions of the current crisis.
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