Arab Finance: The Insurance Federation of Egypt (IFE) has signed three separate memoranda of understanding (MoUs) with each of Egypt Post, e-Finance, and the General Arab Insurance Federation (GAIF) to support the insurance industry, according to a statement.
The agreements were signed in the presence of Mohamed Farid, Chairman of the Financial Regulatory Authority (FRA).
These MoUs are part of the FRA’s efforts to back the insurance industry and its affiliated institutions, aiming to boost insurance activity across Egypt.
A broader segment of the population is expected to benefit from this move, which, simultaneously, would support the insurance sector and contribute to the national economy.