The Egypt Financial Regulatory Authority (FRA) has launched the first in a series of expanded meetings with stakeholders across non-banking financial activities, opening with a session with insurance companies represented through the Egyptian Insurance Federation to surface regulatory and operational bottlenecks and agree practical solutions to support sector development. Discussion focused on implementing the FRA’s executive decisions under the Unified Insurance Law No. 155 of 2024, including how to apply supervisory requirements while supporting market growth. Other areas covered included wider use of InsurTech and financial technology, alongside activation of the FRA’s Regulatory Sandbox to test digital models under supervision, the FRA’s process for approving insurance policy documentation, proposals to increase domestic retention of premiums through developing the local reinsurance market, and operationalising new corporate governance requirements for insurers under FRA Board Decision No. 200 of 2025, including the role and meeting cadence of boards and committees. The FRA cited market indicators as at end-January 2026 of EGP 10.9 billion in total premiums, including EGP 7.3 billion in property insurance premiums, and around EGP 3.8 billion in claims paid. The insurers’ meeting is positioned as the first step in a broader programme of stakeholder sessions with other parts of the non-banking financial sector.
Egypt Financial Regulatory Authority 2026-03-31
Egypt Financial Regulatory Authority launches expanded stakeholder dialogue series starting with insurers
The Egypt Financial Regulatory Authority has held the first in a series of expanded stakeholder meetings with insurance companies, focused on addressing regulatory and operational bottlenecks under the Unified Insurance Law No. 155 of 2024. Discussions covered implementation of supervisory requirements, use of InsurTech and the Regulatory Sandbox, reinsurance market development, and new corporate governance rules under FRA Board Decision No. 200 of 2025, against total premiums of EGP 10.9 billion and claims of EGP 3.8 billion as at end-January 2026.