QNB Egypt Bank, a subsidiary of the Qatari-owned commercial bank, QNB, plans to establish a property insurance company, in a move aimed at completing the group's non-banking financial services system. The new company is likely to be named QNB Insurance.
The Financial Regulatory Authority (FRA) has granted preliminary approval for two artificial intelligence-driven insurance projects for its regulatory sandbox, the Authority's regulatory testing environment for FinTech applications.
The Egyptian government aims to complete the procedures for listing Misr Life Insurance Company on the Egyptian Exchange before the end of 2026, according to Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade.
Crescent Egypt Insurance Brokers has welcomed Dr Mahmoud Ahmed El-Sherif as Chief Commercial and Marketing Officer.
Dr Islam Azzam, Chairman of the Financial Regulatory Authority (FRA), has issued a decision to reconstitute the Egyptian Committee for the Establishment and Study of Actuarial Tables for Life Insurance. The move aims to update the technical foundations life insurers use to price products, enhancing market efficiency while reflecting Egypt's recent health and demographic changes.
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.