Insurance industry practitioners are lobbying the government to draw up a unified insurance law for the sector, which is now covered by a host of different pieces of legislation.
Oman's financial regulator is considering drafting new rules to regulate insurance companies' investments to help the sector counter the impact of the COVID-19 pandemic, Mr Ahmed Al-Mamari, vice president with the insurance sector at the Capital Market Authority in Oman, has revealed.
Egypt's long-awaited new insurance law is expected to be adopted this year, according to Dr Muhammad Omran, chairman of the Financial Regulatory Authority (FRA).