Egypt Financial Regulatory Authority sets conditions for temporary licences for specialised medical insurers and healthcare programme managers

The Egypt Financial Regulatory Authority (FRA) issued rules governing how existing specialised medical insurance companies and healthcare programme management companies can obtain a temporary licence to continue operating while they align their status with the Unified Insurance Law (Law No. 155 of 2024). Entities seeking to establish new companies are directed to apply for a permanent licence under the Unified Insurance Law. Temporary authorisation is cancelled if a firm fails to regularise within the applicable deadlines, with the FRA extending the alignment period for in-scope entities by one year starting 11 July 2025. Eligibility for a temporary licence includes operating as a joint-stock company with fully paid issued capital and equity at least equal to paid-in capital; specialised medical insurers must have at least EGP 10 million paid-in capital at application and an in-force portfolio of at least EGP 100 million. The framework also requires minimum operational and technology capabilities, specified responsible managers for each activity (and passing FRA-set tests), and auditors drawn from specified sections of the FRA’s auditors register. Applicants must submit a regularisation plan with a timetable for capital increases under the FRA’s capital requirements, alongside corporate, governance and financial documentation, and undertakings covering electronic connectivity with the FRA and customer data confidentiality. Cash dividends are restricted until minimum capital requirements are met unless the FRA issues a no-objection, and the temporary licence is renewable.