Arab FinanceThe Financial Supervisory Authority, headed by Dr. Mohamed Farid, held a community dialogue with representatives of insurance sector companies, which witnessed the discussion of decisions and executive mechanisms for activating the Unified Insurance Law, before their official issuance, according to For a statement cabinet.
This comes as a continuation of the continuous efforts and constant keenness of the Financial Regulatory Authority to communicate directly with all parties related to the non-banking financial sector, and to conduct dialogue and discussion to keep them informed of all developments and updates in order to maximize the impact of the regulations and policies that are taken by the Authority. Before it is officially issued to ensure the integrity of its implementation procedures.
The discussions included the rules and controls regulating the rates of investment of allocated funds corresponding to the rights of policyholders, as well as the rules and controls for investing insurance company funds, the foundations for forming and calculating technical allocations for property and liability insurance branches, the controls for setting dates for submitting financial statements for companies, as well as the controls for dealing with complaints and efforts to protect customers, in addition to the controls for registering trainees. On insurance brokerage business.
It is worth noting that this came in light of the continuous effort and constant keenness of the Financial Supervisory Authority to inform all non-banking financial institutions of the latest developments and developments, and to enhance mechanisms and means of communication with representatives of non-banking financial sector companies, especially insurance sector companies.
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