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.
The Insurers Federation of Egypt (IFE) believes that global conflicts since 2020 have highlighted the increasing complexity of the geopolitical, social and economic factors facing insurance companies, noting that the positive aspect of these crises is that insurance companies have learned how to navigate and and even thrive in a world whose outlook is darkened by uncertainty.
Dr Khaled Abdel-Ghaffar, Minister of Health and Population, has held discussions with Dr Mohamed Farid, Minister of Investment and Foreign Trade, on the development of the government's Comprehensive Universal Health Insurance System (UHIS) and enhancing cooperation with the private sector to expand the scope of coverage.
Dr Islam Azzam has been appointed, by presidential decree, as the new Chairman of the Financial Regulatory Authority (FRA), which supervises the insurance and non-banking financial sectors.
The biggest global repercussions of the ongoing military conflict in the Middle East include the increased risks of terrorism, spikes in reinsurance prices, fluctuations in financial markets and energy prices, and hikes in compensation costs, according to Mr Khaled Abdel-Sadek, a Vice Chairman of the Insurers Federation of Egypt (IFE).
The Insurers Federation of Egypt (IFE) is working to broaden the scope of sustainable insurance and advance insurance inclusion, with the aim of ensuring that all citizens have access to insurance services through a range of targeted initiatives.
The Financial Regulatory Authority (FRA) has issued a resolution introducing a comprehensive regulatory framework designed to govern the establishment, registration, and oversight of insurance auxiliary bodies. This move strengthens the insurance ecosystem by modernising regulatory oversight and optimising support service efficiency.