East African insurers in favor of a regional supervisory body

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Magazine Issue:

The digital revolution [3]

Magazine date:

Jun 2015

The East African Insurance Association wishes to set up a common legislative framework for all insurers in the region.

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.

Thu, 09/07/2015 - 13:14

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