The Egypt Financial Regulatory Authority published its annual 2024 report on the performance of private insurance funds, showing broad-based growth in contributions, assets and investment returns as of 31 December 2024. The report records 671 active funds with around 4.3 million members. Total contributions reached EGP 18.6bn in 2024 (up 20% from EGP 15.5bn in 2023), total assets rose to EGP 195.8bn (up 20.2% from EGP 162.9bn), and investments increased to EGP 168.1bn (up 25.7% from EGP 133.7bn). Reserve capital rose to EGP 184.8bn (up 22% from EGP 151.4bn), benefits paid increased to EGP 17.9bn (up 12.6% from EGP 15.9bn), and net investment income rose to EGP 31.4bn (up 87% from EGP 16.8bn). It also reviews the legislative framework culminating in Unified Insurance Law No. 155 of 2024, and highlights 2024 regulatory measures updating governance and investment rules, requiring funds with more than EGP 500m to prepare financial statements under Egyptian Accounting Standards, and setting rules for board selection, registration and delisting, and amendments to statutes.
Egypt Financial Regulatory Authority 2025-12-11
Egypt Financial Regulatory Authority publishes 2024 private insurance funds report as investments rise to EGP 168.1bn
The Egypt Financial Regulatory Authority's 2024 report on private insurance funds shows significant growth, with contributions, assets, and investment returns all increasing by over 20%. It details 671 active funds with 4.3 million members and highlights regulatory updates, including the Unified Insurance Law No. 155 of 2024 and new governance and investment rules. Funds with assets over EGP 500 million must now prepare financial statements under Egyptian Accounting Standards.