Egypt Financial Regulatory Authority sets annual premiums and actuarial pricing rules for the government medical malpractice insurance fund

The Egypt Financial Regulatory Authority issued rules governing insurance operations covered by the government fund that insures against risks arising from medical errors, setting annual premium rates for medical practitioners and medical establishments and requiring actuarial work to support pricing. The rules set annual premiums for individual medical professionals at EGP 240 for human doctors at general practitioner level and EGP 920 for other specialist grades. For dentists and physiotherapists, the annual premium is EGP 160 at general practitioner level and EGP 400 for other specialist grades, while pharmacists pay EGP 240 and other licensed medical categories pay EGP 100. A 25% discount applies to these annual premiums for the first professional licensing period for newly graduated individuals. For medical establishments, the annual premium is EGP 24,000 for a hospital with up to 50 beds plus EGP 500 for each additional bed, EGP 9,600 for a medical centre, EGP 3,600 for a radiology centre, EGP 2,400 for an analysis laboratory, and EGP 1,200 for a pharmacy. The fund compensates beneficiaries for death, disability or bodily injuries resulting from medical errors under the insurance policy, which can be issued by the fund itself or through contracting with one or more insurers or an insurance pool approved by the Authority. Subscription to the fund is a prerequisite for practising medical professions, renewing licences and licensing medical establishments. The fund’s board must appoint an actuary registered with the Authority to prepare an actuarial study based on the fund’s first three years of actual experience, with additional studies permitted whenever needed to determine appropriate pricing.