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Egypt’s Sky Insurance Brokerage has recently received a three-year licence for insurance brokerage activity, said senior officials at the Financial Regulatory Authority (FRA) on Monday.
“The new company has an issued capital worth around 2 million Egyptian pounds ($123,802),” the sources further told Amwal Al Ghad.
In October, three Egyptian insurance startups received a three-year licence for insurance brokerage activity from FRA.
The three companies are Optimum Performance Insurance, Osool Insurance Brokerage, and Alliant Insurance Services.
