Regulatory Alerts2021-01-01
Decision No. 698 of 2021 on the Establishment of the Egyptian Travel Insurance Consortium
The Financial Regulatory Authority of Egypt issues Decision No. 698 of 2021 to establish the Egyptian Travel Insurance Consortium, creating a unified entity for outbound travel coverage. The directive mandates specific licensing procedures and operational standards that all participating insurers must follow to operate within the consolidated framework. This regulatory consolidation aims to standardize policy terms, strengthen consumer safeguards, and streamline compliance reporting for the travel insurance sector.
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