The Insurers Federation of Egypt (IFE) is urging insurers to ramp up research and development in the industry to better understand the impact of digital trust on market behaviour.
Four companies have applied for the final licence for standalone medical insurance companies, the Chairman of the Financial Regulatory Authority (FRA), Dr Islam Azzam, has revealed.
Egypt's Prime Minister, Dr Mostafa Madbouly, has issued a decree appointing Dr Rehab Taha as Assistant Chairman of the Financial Regulatory Authority (FRA).
Egypt has implemented a comprehensive reform programme for the insurance industry over the past four years, helping strengthen financial stability, boost capital market activity, and position Egypt as a regional hub for financial services, according to the Minister of Investment and Foreign Trade, Dr Mohamed Farid Saleh.
Mr Alaa El-Zoheiry, Chairman of the Insurers Federation of Egypt (IFE), has been elected President of the African Insurance Organisation (AIO) for the 2026-2027 term during the opening of the organisation's 52nd Annual Conference and General Assembly in Cairo. Egypt succeeds Ethiopia in leading the continental body.
Digital reputation risk has emerged to as one of the most complex and influential risks for insurers today, due to its ability to spread rapidly across digital platforms and potentially resulting in financial and operational repercussions that may extend for years.
The Financial Regulatory Authority (FRA) has given preliminary approval for Orient Insurance Egypt to join the Financial Technology Applications Regulatory Sandbox (FRA-Sandbox) to test a new digital project involving remote inspection and damage assessment in supplementary motor insurance.
The Financial Regulatory Authority (FRA) has held a consultative meeting with the managing directors of Egyptian insurance companies and executives responsible for reinsurance, to discuss the regulatory standards for reinsurance.
The Insurers Federation of Egypt (IFE) has confirmed that the country's healthcare segment is facing a series of strategic challenges related to digital transformation, most notably the high initial costs required to implement AI.
The insurance industry in Egypt achieved strong growth in 2025, supported by the implementation of the Unified Insurance Law of 2024 and the expansion of the customer base, reflecting the growing role of the sector in supporting financial stability and providing protection for various economic activities.