Egypt has begun preparations to launch the second phase of its Universal Health Insurance System.
Fawry, a FinTech company, has obtained approval from the Financial Regulatory Authority to establish Fawry Microinsurance Company.
Minister of Investment and Foreign Trade Dr Mohamed Farid has emphasised that digital transformation is a strategic necessity for the growth of Egypt's insurance sector, which requires a stronger private sector to support structural reforms and improve market efficiency.
The Egyptian government intends to complete the initial public offering of state-owned Misr Life Insurance Company, Egypt's biggest life insurer, before the end of June 2026, according to the Minister of Investment and Foreign Trade, Dr Mohamed Farid.
Misr Life Insurance Takaful has increased its issued and paid-up capital to EGP400m ($7.5m), in compliance with the implementation of the first phase of the capital increase plan approved by the Financial Regulatory Authority. The first-phase capital increase amounted to EGP250m.
The Financial Regulatory Authority (FRA) has released regulations for applying depreciation rates in motor insurance to achieve a balance between customers receiving fair compensation and market stability and curb disputes.
Non-bank financial services provider Contact Financial Holding (CFH) has posted a 12% increase in consolidated total operating income of EGP2.8bn ($51m) in 2025, compared to 2024.
The government plans to launch political risk insurance to support the overseas expansion of Egyptian construction and building companies and raise their ability to compete internationally.
Dr Islam Azzam, the newly-appointed Chairman of the Financial Regulatory Authority (FRA), has stressed the need to accelerate the pace of digital transformation in insurance and other non-banking financial services, expand financial inclusion and continue developing the legislative and regulatory environment for the sector.
The Ministry of Investment and Foreign Trade and The Sovereign Fund of Egypt have invited investment banks to manage the private placement and IPO of a stake of up to 20% in Misr Life Insurance, the country's biggest life insurer.