In line with the joint Memorandum of Understanding between Egypt's insurance regulator, the Financial Regulatory Authority (FRA) and Ministry of Foreign Affairs, a new policy covering Egyptian expatriates, workers and their families, will now including unfair dismissal risk.
The insurance market saw total premiums grow steadily in the first quarter of this year compared to the corresponding quarter in 2025, according to the latest monthly publication released by the Financial Regulatory Authority (FRA).
The success of microinsurance depends on three main pillars, which are the development of innovative business models based on digital technology, such as mobile payments and parametric insurance, flexible regulatory frameworks and the strengthening of partnerships among governments, the private sector and international organisations.
Fawry Microinsurance Company has appointed Mr Tamer Saher Heriz as CEO and MD, effective July.
The Financial Regulatory Authority (FRA) has issued a decision establishing stricter risk management and underwriting standards for the individual personal insurance branch.
The technical results of the Egyptian market rose by 4% to about EGP20.9bn ($421m) in 2025, compared to EGP20.1bn n 2024, reflecting the improved operational performance of insurance companies.
The medical insurance branch continued to top the property and casualty insurance sector in 2025 with premiums amounting to EGP19.83bn, followed by fire insurance with EGP15.34bn and comprehensive motor insurance with EGP12.78bn, according to the 2025 annual report issued by the Financial Regulatory Authority (FRA).
Arope Life Insurance-Egypt is preparing to engage in microinsurance after obtaining the necessary regulatory approvals for operating in this branch of business.
The Insurers Federation of Egypt (IFE) has emphasised that the insurance sector is a cornerstone of economic and financial stability. Moving beyond its traditional role of merely compensating for losses, the sector acts as a key driver of economic development and risk mitigation at both the macro and micro levels.
The Financial Regulatory Authority (FRA) is set to update its regulatory framework for approving insurance products, and to conduct a comprehensive review the terms and models of insurance policies for all branches of business.