News Middle East30 Jun 2020

Egypt:Regulator commissions consulting firm to draw up first actuarial life table

30 Jun 2020

The Financial Regulatory Authority (FRA) has reached an agreement with a consulting firm to draw up Egypt's first actuarial life table, according to its deputy chairman, Mr Reda Abdel Moaty.

The FRA had signed a cooperation protocol with the social institution of the African Reinsurance Corporation (Africa Re) to  provide financial support for establishing Egypt’s first actuarial life table, after which a tender was announced to choose a consulting company for the project, reported Amwal Al Ghad.

Egypt’s first actuarial life table will take 7-12 months to be completed, Mr Moaty said.

The alternative is to rely on UK life tables that are closest to the Egyptian experience in death and disability rates.

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