The Egypt Financial Regulatory Authority issued a decision requiring actuarial experts to provide the Authority with a complete copy of the reports they produce in connection with entities under its supervision in the insurance sector, including where they conduct peer reviews of other experts’ reports. Reports must be submitted within 15 days of being prepared and delivered to the relevant entity. Decision No. 29 of 2026 also sets out minimum information and attachments, including the scope of work and purpose, the name of the commissioning entity, the bases, assumptions and methodologies used, a certification by the actuary as to the accuracy of the data and assumptions, estimation results supported by the calculation data in electronic form, a summary of key findings, and any conflicts of interest. Reports for the financial year ended 31 December 2025 must be submitted within 15 days from the date the decision enters into force. The decision takes effect the day after publication in the Official Gazette and on the Authority’s website.
Egypt Financial Regulatory Authority 2026-02-15
Egypt Financial Regulatory Authority requires actuaries to submit insurance reports to the regulator within 15 days
The Egypt Financial Regulatory Authority issued Decision No. 29 of 2026, mandating actuarial experts to submit complete reports, including peer reviews, to the Authority within 15 days of preparation. The reports must detail the scope, methodologies, and any conflicts of interest, and include electronic calculation data. This decision applies to reports for the financial year ending 31 December 2025 and takes effect the day after publication.