The Central Bank of Egypt's (CBE) move to ease its monetary policy-supported by declining inflation rates-will increase the ability of insurance companies to offer customers more competitive premium rates, as insurers expect to pay less compensation, contributing to stabilising insurance prices, according to Mr Omar Gouda, former managing director of Misr Insurance.
The Insurers Federation of Egypt (IFE) says that the insurance industry is witnessing fundamental transformations in its product marketing strategies, driven by technological advancements and changing customer behaviour.
While Egypt's population has reached approximately 108m, according to recent data from the Central Agency for Public Mobilisation and Statistics, the life insurance penetration rate in the local market remains low at less than 1%, compared to the global average of 7-10%.
The Financial Regulatory Authority (FRA) has issued a model for the mandatory third-party liability insurance policy for accidents involving rapid transit vehicles within Egypt.
The Insurers Federation of Egypt (IFE) has formed a specialised committee to study the Financial Regulatory Authority's proposals regarding insurance company governance rules.
The Financial Regulatory Authority (FRA) has issued a decision regarding the terms and criteria for registering non-resident foreign reinsurance brokers.
Mr Alaa El-Zoheiry has been elected as president of the Insurers Federation of Egypt (IFE) by acclamation for the term 2025-2029 in his capacity as vice chairman of GIG Egypt Life Takaful.
The Egyptian insurance sector collected EGP56.8bn ($1.2bn) in total premiums in the first six months of 2025, compared to EGP43.6bn during the corresponding half last year, climbing by 30.1%.
The reinsurance committee of the Insurers Federation of Egypt (IFE) is undertaking a study on natural catastrophe bonds, in cooperation with the Financial Regulatory Authority (FRA).
The board of directors of Misr Insurance Company, Egypt's biggest non-life insurer, has announced the appointment of Mr Mohamed Mahran as the managing director of the company.