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Egypt: the insurance sector is preparing to implement the “risk-based control” standard

Mr Alaa Al-Zuhairi, President of the Insurance Federation of Egypt, expected that the implementation of Solvency II standards – which is based on risk – based supervision – will begin during the next fiscal year 2024/2025 after the mandatory implementation of the International Accounting Standard 17 (Egyptian no 50) into force.

Source: المال