The Financial Regulatory Authority (FRA) has issued a circular allowing insurance companies to use the property and liability insurance policy templates approved by the Authority and provided by the Insurers Federation of Egypt, without the need to obtain separate approval for each company.
Al Buhaira National Insurance Company (ABNIC) has appointed Mr Ahmed Khalifa as CEO, following the Central Bank of UAE's non-objection, according to a company disclosure filed with the Abu Dhabi Exchange.
The Financial Regulatory Authority (FRA) has directed insurance companies to enhance the disclosure and transparency of insurance policies that include investment strategies related to gold or other investment assets, to ensure clarity regarding the nature of insurance products, the benefits and risks to customers.
The Financial Regulatory Authority (FRA) has issued a decision regarding the controls for underwriting and pricing in credit and guarantee insurance policies.
The Financial Regulatory Authority (FRA) has clarified the scope of application of the rules for forming the boards of directors of insurance and reinsurance companies and related committees, in light of the inquiries received from a number of companies.
The Financial Regulatory Authority (FRA) has issued a decision regarding the appointment of auditors by insurance and reinsurance brokers as well as experts in risk assessment, damage inspection and estimation, and insurance consulting.
The Financial Regulatory Authority (FRA) has formed a committee to develop a unified model for the bylaws of insurance pools, according to a statement posted by the regulator on the Facebook account of the Egyptian Cabinet Presidency.
The Egyptian insurance sector reported a combined paid-up capital of EGP28.21bn ($550.33m) as of the end of 2025, compared to EGP21.53bn as of 31 December 2024, according to industry statistics.
The fire insurance branch has faced challenges for many years related to high and frequent losses, which require concerted efforts to improve pricing mechanisms and technical evaluation, said Dr Tarek Seif, Vice Chairman of the Financial Regulatory Authority.
The Insurers Federation of Egypt (IFE) has called for investment in training specialised technical cadres within insurance companies, enabling them to understand the complex nature of risks associated with solar energy, wind energy and battery energy storage systems, and to evaluate and price the risks with a higher degree of accuracy.