Cairo-based EGY InsurTech is planning to expand in Saudi Arabia and to Africa.
The Financial Regulatory Authority (FRRA) is currently working on issuing all the necessary executive decisions and regulations to activate the Unified Insurance Law, in coordination with various parties in the insurance industry, according to the chairman of the regulatory agency, Mr Mohamed Farid.
The Financial Regulatory Authority (FRA) has announced its decision for insurance companies to apply Egyptian Accounting Standard (EAS) No 50 on insurance contracts, starting with financial statements for the year 2025.
The Insurance Federation of Egypt (IFE) is calling on insurance companies to adopt new thinking to create a supportive environment for the elderly, and expand the range of products that give them greater security and confidence.
The Financial Regulatory Authority (FRA) has released a regulation governing the granting or renewal of licences of non-banking financial companies (NBFCs) including insurers.
Inflation has had a mixed impact on the insurance industry in Egypt, said Inflation has had a mixed impact on the insurance industry in Egypt, said Egyptian Insurance Brokers Association chairman Adel Shaker.
The Insurance Federation of Egypt (IFE) has reviewed a special-event insurance policy, in light of the Federation's role in enriching the Egyptian insurance market with new insurance products and keeping up with global developments.
Insurance companies operating in the Egyptian market chalked up a premium volume of EGP43.68bn ($899.5m) during the first six months of this year, growing by 22.1% from EGP35.77bn in the corresponding half in 2023, according to data from the Financial Regulatory Authority (FRA).
Sarwa Life Insurance, the life insurance arm of Contact Financial Holding Group which is a leading non-bank financial services group in Egypt, has established itself among the largest insurance companies in the country.
Dr Mohamed Farid, the chairman of the Financial Regulatory Authority (FRA) has called on insurance companies to adjust their operations to the recently enacted Unified Insurance Law.