Broker Care Insurance Brokerage targets to achieve about EGP 20m worth premiums during its first year of operation in accordance with the conditions and instructions issued by the Financial Regulatory Authority (FRA), the company’s Chairperson, Waleed Abu Hagar, said.

Broker Care obtained the operating license from the FRA on 7 July, appointing Abu Hagar as chairperson.

Abu Hagar told Daily News Egypt that the company aims to expand all over the country.

“Our focus in the next period will be on the electronic sales and e-marketing after obtaining the necessary approvals from the FRA,” he added.