East African insurers in favor of a regional supervisory body

The East African Insurance Association wishes to set up a common legislative framework for all insurers in the region.
Dar Essalem, Tanzania © Muhammad Mahdi Karim

The goal of the initiative is to create a single supervisory body for insurance companies. The governments of the countries concerned shall examine draft laws intended to bring regulations closer.

A first agreement, already reached, targeted some international groups whose oversight terms were approved: composition of boards of directors, management competence and capital analysis.

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