In a keynote speech at the seventh Annual Insurance and Reinsurance Forum in Sharm el-Sheikh, the Egypt Financial Regulatory Authority chair Mohamed Farid outlined the regulator’s insurance-sector reform agenda, citing 47 regulatory decisions issued since the Unified Insurance Law and an increased focus on risk-based supervision, digitalisation and policyholder protection. He also announced the authority has approved a title deed insurance policy and is preparing changes to the investment rules for government insurance funds, including a minimum 5% allocation to the Egyptian Exchange and open-end investment funds. Supporting measures referenced included minimum capital requirements for insurance companies (Decision 196 of 2024), solvency standards for insurers and reinsurers (Decision 148 of 2025), and a framework for handling customer complaints across insurance entities and related professions and activities (Decision 77 of 2025). On digital transformation, he pointed to rules on technology infrastructure and information security, digital identity and contracts, and an outsourcing register for fintech activities (Decisions 139 to 141 of 2023), alongside implementation procedures for registering data on the electronic linkage platform between the authority and insurers that enables electronic customer identification and online policy sales (Decision 58 of 2025). The title deed insurance policy was sent to the Federation of Egyptian Insurance Companies for availability to market participants. Next steps flagged in the remarks included the imminent issuance of the government insurance funds investment decision and the launch of a dedicated website for electronic sciences study grants in cooperation with the American University, alongside the start of training programmes for second-line leadership at insurance companies under a protocol between the Financial Services Institute and global institutions.
Egypt Financial Regulatory Authority 2025-11-10
Egypt Financial Regulatory Authority highlights 47 insurance rulemakings and readies 5% minimum Egyptian Exchange allocation for government insurance funds
At the Annual Insurance and Reinsurance Forum, Egypt Financial Regulatory Authority chair Mohamed Farid outlined the insurance-sector reform agenda, emphasizing 47 regulatory decisions since the Unified Insurance Law. Key developments include a title deed insurance policy, changes to investment rules, and digital transformation. Measures involve capital requirements, solvency standards, and a customer complaints framework, with further steps including investment decisions and leadership training programs.