At the Egyptian Insurance Federation’s annual marathon, Egypt Financial Regulatory Authority Chairman Islam Azzam said the authority is continuing to develop a more flexible regulatory environment for the non-bank financial sector, particularly insurance, to support market expansion and reach new customer segments. He linked that work to wider use of digital solutions and modern technology, and to efforts to bring younger people into insurance and other non-bank financial activities as part of broader financial and insurance inclusion. Azzam said this approach is being pursued under the Unified Insurance Law No. 155 of 2024 and is intended to stimulate innovation and improve service efficiency. The most recent regulatory steps he cited were the reorganisation of takaful insurance and the introduction of new regulatory standards for reinsurance, aimed at supporting insurers’ stability and solvency, strengthening their ability to manage risk, and encouraging innovative insurance products in response to economic and technological change. The event drew more than 3,500 participants and included activities promoting awareness of financial inclusion, insurance products, and fintech use.
Egypt Financial Regulatory Authority2026-05-25
Egypt Financial Regulatory Authority highlights flexible insurance regulation and cites takaful and reinsurance reforms
The Egypt Financial Regulatory Authority Chairman said the authority is developing a more flexible regulatory environment for the non-bank financial sector, particularly insurance, under the Unified Insurance Law No. 155 of 2024 to support market expansion, digitalisation and broader financial inclusion. He highlighted recent measures including the reorganisation of takaful insurance and new regulatory standards for reinsurance to bolster insurers’ stability, solvency, risk management and product innovation.