The Egypt Financial Regulatory Authority's chairman held a broad meeting with representatives of all insurance and reinsurance brokerage companies and said the authority is seeking to develop the brokerage segment as part of wider plans to strengthen Egypt's insurance sector. The stated goals are to increase insurance penetration, expand the sector's contribution to the national economy, improve its attractiveness to investment, and raise the quality of services and products offered to citizens. The meeting was presented as part of the authority's continuing dialogue with entities under its supervision to discuss market development proposals, capacity building and efficiency improvements. Participants submitted proposals and observations, which the chairman said would be reviewed and addressed in line with legal obligations and regulatory frameworks while taking account of market needs and conditions.
Egypt Financial Regulatory Authority2026-06-29
Egypt Financial Regulatory Authority meets insurance and reinsurance brokers on proposals to develop the brokerage sector and raise insurance penetration
The Egypt Financial Regulatory Authority met insurance and reinsurance brokers as part of its broader push to develop Egypt's insurance sector. The authority said it wants to strengthen brokerage activity to raise insurance penetration, support the sector's economic contribution and improve service quality. Proposals from market participants will be reviewed within existing legal and regulatory frameworks.