The Egypt Financial Regulatory Authority has issued new decisions establishing how specialised medical insurance companies and healthcare programme management companies can obtain temporary licences to keep operating while they align their status with the Unified Insurance Law (Law No. 155 of 2024). The temporary licensing rules (Decision No. 90 of 2025) require applicants to be joint-stock companies with fully paid-up issued capital and equity at least equal to paid-up capital, with specialised medical insurers needing at least EGP 10 million capital at application. Other conditions include having contracts in place for at least three years before the Unified Insurance Law was issued, maintaining an in-force portfolio of at least EGP 100 million for specialised medical insurers, and meeting minimum operational and technology infrastructure requirements set by the authority. For new entities, the authority indicated that a permanent licence under the Unified Insurance Law is required. Separately, a board decision (No. 102 of 2025) extended the period for entities covered by the law to regularise their status by one year starting 11 July 2025, and the authority also referenced related capital measures setting minimum capital at EGP 20 million for medical insurance programme management companies and EGP 75 million for specialised insurers, plus a two-stage increase in insurers’ minimum issued and paid-up capital to EGP 400 million within one year of the relevant decision taking effect and to EGP 600 million by the end of the second year. In remarks made in a panel discussion, the authority also flagged further implementing rules it plans to issue on customer protection and complaints handling for insurance activities and related services, financial solvency and risk-based capital methods, and governance requirements under the Unified Insurance Law, including board diversity, independent and female representation, and mandated board committees such as internal audit, risk, technology and investment.
Egypt Financial Regulatory Authority 2025-06-17
Egypt Financial Regulatory Authority sets temporary licensing conditions for specialised medical insurers and healthcare programme managers and extends alignment deadline by one year
The Egypt Financial Regulatory Authority has issued new decisions on temporary licensing for specialised medical insurance and healthcare programme management companies under the Unified Insurance Law. Decision No. 90 of 2025 outlines capital and operational requirements, while Decision No. 102 of 2025 extends the compliance period by one year. The authority also plans to introduce further rules on customer protection, solvency, and governance under the law.