The Financial Regulatory Authority (FRA) has issued a resolution regarding the rules and standards regulating the practice of healthcare management operations in Egypt.
The rules and standards apply to the establishment, licensing and regulation of healthcare management administration companies (HMAs).
They grant the FRA exclusive supervisory, regulatory and licensing authority over HMAs. No company may carry out HMA activities except after obtaining a licence to do so from the Authority and registering with it.
Under the new rules, a HMA must be incorporated as an Egyptian joint-stock company whose purpose is limited to managing healthcare programmes. The minimum paid-up capital required is EGP20m ($422,000).
Employees of (re)insurance companies are barred from being the shareholders or management of HMAs. The details of relatives of shareholders of HMAs, up to the second degree, have to be disclosed if they are related to insurance or reinsurance companies.
The new regulations were issued to implement provisions of the Unified Insurance Law that was passed in 2024.
HMAs which were established before the enactment of the Unified Insurance Law have to apply for a temporary licence. They have to comply with the new rules by 10 July 2026.