The Financial Regulatory Authority (FRA) has identified several indicators to identify suspected money laundering and terrorist financing transactions in the insurance sector.
There is a need to set a minimum level of harmonised legislation among African countries to facilitate cooperation between insurance companies on the continent, according to Mr Omar Gouda, who is the CEO of Misr Insurance Company, Egypt's biggest general insurer.
GIG-Egypt has a record of generating strong earnings despite the challenging operating conditions and high inflationary environment of Egypt, said AM Best.
AXA Life Insurance Egypt, a subsidiary of France's AXA Group, has signed a strategic partnership agreement with Post for Investment (PIF), the investment arm of Egypt Post, to establish a microinsurance company under the new Unified Insurance Law, regulations supporting which are being worked out by the authorities.
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.