The chairman of the Financial Regulatory Authority (FRA), Dr Mohamed Farid, has stressed the critical need to build and develop comprehensive climate risk databases.
The Minister of Investment and Foreign Trade, Hassan El Khatib, has approved the appointment of Mr Amr El Kady as the non-executive chairman of the board of directors of Misr Insurance Holding Company (MIHC).
The Egyptian insurance sector's GWP reached EPG30.4bn ($611m) in the first quarter of 2025, up from EGP22bn in the corresponding quarter in 2024, a growth of 37.7%, revealed the Financial Regulatory Authority's (FRA's) latest monthly report.
State-owned Misr Insurance Company, Egypt's biggest non-life insurer, has net profits exceeding EGP6.8bn ($136.6m) for the fiscal year ended 30 June 2024 (FY2024), the highest figure ever recorded by the Egyptian property insurance market.
AXA Egypt Investment has decided to withdraw its offer to acquire shares of Delta Insurance Company, according to an announcement made by the Financial Regulatory Authority (FRA).
The Financial Regulatory Authority (FRA) is helping to develop the carbon certification market, according to Dr Mohamed Farid, chairman of the regulatory agency.
Insurance companies operating in the Egyptian market posted combined pre-tax profits of EGP25.9bn ($513.3m) for the financial year ended 30 June 2024 (FY2024), compared to EGP14.06bn for the previous fiscal year, representing a growth rate of 84.2%, according to the annual statistical book issued by the Financial Regulatory Authority (FRA).
Microinsurance is no longer merely a limited-impact insurance product, but has become one of the key tools for achieving economic and social empowerment for marginalised groups and those with limited income, said the vice chairman of the Financial Regulatory Authority (FRA), Dr Islam Azzam.
A law regulating medical liability and patient safety has been published in the Official Gazette that, among other provisions, establishes a government insurance fund.
Gross written premiums for Egypt's insurance market in the first two months of this year reached EGP21.3bn ($420m), up from EGP15bn in the corresponding period in 2024, a jump of 40.5%, according to a recent report published by the Financial Regulatory Authority (FRA).