The board of directors of the Financial Regulatory Authority (FRA) issued Decree No. 58 of 2025 regarding obligating insurance companies to register their real-time data on the electronic platform linking them with the authority.
Updated 3/27/2025 10:07:00 AM
The board of directors of the Financial Regulatory Authority (FRA) issued Decree No. 196 of 2024, setting the minimum capital for Egypt-based insurance companies
Updated 1/20/2025 8:51:00 AM
Total financing allocated by the entities subject to the Financial Regulatory Authority’s (FRA) supervision amounted to EGP 718 billion during the first 10 months of 2024.
Updated 1/5/2025 1:53:00 AM
The insurance system in Egypt plays a pivotal role in the country's economic framework, providing essential coverage across various sectors to both individuals and corporates. The economic impact of the insurance sector in Egypt is profound, as it mitigates risk and enhances financial stability, particularly for small- and medium-sized enterprises (SMEs). Insurance provides a safety net, fostering a conducive environment for business growth and innovation.
Updated 12/16/2024 8:21:00 AMThe Insurance Federation of Egypt (IFE) has acquired 350 carbon emission reduction certificates from the Minya Group Project, an initiative by the Egyptian Biodynamic Association.
Updated 12/3/2024 4:10:00 PM
The Financial Regulatory Authority (FRA) has issued decision No. 267 of 2024 regulating the issuance and distribution of new standard insurance policies electronically.
Updated 11/24/2024 5:23:00 AM
The Insurance Federation of Egypt (IFE) has signed three separate memoranda of understanding (MoUs) with each of Egypt Post, e-Finance, and the General Arab Insurance Federation (GAIF) to support the insurance industry.
Updated 11/11/2024 12:52:00 PM
The total financing granted by entities under the supervision of the Financial Regulatory Authority (FRA) reached EGP 51.5 billion by the end of August 2024.
Updated 11/7/2024 3:09:00 AM
The Financial Regulatory Authority (FRA) has issued new regulations requiring insurance companies to regularize their operations in line with the recently implemented Unified Insurance Law.
Updated 10/31/2024 1:18:00 AM
Fawry, Egypt's leading e-payments solutions provider, has introduced its new medical insurance product, "Sehetak Fawry," as part of its strategy to expand its financial services offerings.
Updated 10/17/2024 10:42:00 AM
The total financing granted by entities under the supervision of the Financial Regulatory Authority (FRA) reached EGP 62 billion by the end of July 2024.
Updated 9/30/2024 6:08:00 AM
Banque du Caire has activated its five-year cooperation agreement signed last year with the life insurance firm MetLife.
Updated 5/9/2024 11:04:00 AM
Allianz Egypt has launched its campaign, "Get Ready for the Best", on March 11th.
Updated 3/14/2024 1:21:00 AM
Allianz Egypt has covered health insurance claims worth more than EGP 975 million in 2023.
Updated 3/2/2024 7:08:00 AM
For millions in Egypt, the social insurance and pension systems serve as a crucial safety net, providing financial security during retirement, disability, and other life transitions. Managed by the National Authority for Social Insurance (NOSI) through two separate funds, these systems play a vital role in ensuring the well-being of citizens. However, the landscape is evolving. While recent reforms demonstrate a commitment to building a stronger system, ongoing challenges like inflation and limited coverage threaten its long-term sustainability.
Updated 2/25/2024 4:21:00 AM
Egypt's healthcare system is a complex mix of public and private providers and financing agents. Over the years, the country has taken several steps toward improving its population's health, including the implementation of health policies and increasing health spending. However, there are still key challenges that affect the healthcare sector in Egypt, notably in terms of equity and health insurance. To address these challenges, Egypt is currently reforming and restructuring its healthcare system to ensure broader insurance coverage and service affordability for all citizens.
Updated 2/19/2024 10:11:00 AM
The Financial Regulatory Authority (FRA) has granted insurance brokerage companies a three-month grace period to comply with recent regulatory amendments prohibiting insurance brokers from collecting premiums or any other fees from clients in cash or via transfers to their bank accounts.
Updated 1/29/2024 10:00:00 AM
Nice Deer, an Egypt-based InsurTech, has extended its digital services and platform to operate within hospitals.
Updated 10/29/2023 3:51:00 AMThe Financial Regulatory Authority (FRA) has obliged insurance companies to prepare indicative pricing studies for their various products and to review them annually.
Updated 9/19/2023 6:32:00 AM