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Egypt: FRA prohibits ins brokers from using their personal accounts for premium collection  

The Financial Regulatory Authority in Egypt has granted insurance brokerage firms, operating on technology-driven business models with electronic settlement systems with insurance companies, a three-month grace period to align their operations. During this period, these companies are required to collect insurance premiums from clients electronically or through any other means, with the condition that personal accounts of insurance brokers are not used in the collection process.

Source: Economy Plus