The Egypt Financial Regulatory Authority has streamlined its insurance product approval process by allowing insurers to use standard property and liability policy forms submitted by the Egyptian Insurance Federation and approved by the authority without obtaining separate approval for each company. The measure follows industry dialogue on accelerating product approvals while retaining policyholder protections and regulatory oversight. Personal insurance and fund accumulation policies are excluded. An insurer must notify the authority in advance and submit a declaration from its legal representative confirming full compliance with the approved form and terms. Use may begin on the later of the notification receipt date or the company’s specified start date, without further approval. Insurers remain responsible for the accuracy of their declarations and conformity of issued policies, while any addition, deletion or amendment requires prior approval. Pricing, electronic issuance and other regulatory obligations remain unchanged.
Egypt Financial Regulatory Authority allows insurers to use approved standard property and liability policy forms without separate approval
The Egypt Financial Regulatory Authority will allow insurers to use approved standard property and liability policy forms without separate company-level approval. Insurers must provide prior notice and confirm full compliance, while amendments continue to require approval. Personal insurance and fund accumulation policies are excluded.