The financial regulator in Egypt has become the latest government entity to look to implementation of an insurance-linked securities (ILS) framework within the country.
Egypt already has insurance and some reinsurance activity going on within the country, but insurance-linked securities (ILS) are relatively unknown and a new concept to its market.
Despite that, the Financial Regulatory Authority (FRA) of Egypt has put ILS in its strategic plan, stating that this could be an important new investment and risk transfer channel for the country.
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