Egypt courts insurers with reform pitch, seeks more foreign investment
Egypt is seeking to attract more investment from global and regional insurers as it overhauls sector regulations…
Browsing Tag
insurance sector
FRA reports EGP 640.1b in total financing in June
Egypt’s Egyptian Financial Supervisory Authority (FRA) reported on Wednesday that total financing granted by…
FRA promotes Egypt’s insurance reforms to global investors
Egypt’s Financial Regulatory Authority (FRA) Chairman Mohamed Farid met with Jefferies and international investors…
Legal ambiguity clouds upcoming Insurance Federation elections
As Egypt’s insurance sector prepares for the imminent elections of the Insurance Federation, the atmosphere remains…
FRA raises insurance coverage for Egyptian expats to EGP250k
Egypt’s Financial Regulatory Authority (FRA) has raised the value of the personal accident insurance policy for…
FRA approves new governance framework for insurance federation
Egypt's Financial Regulatory Authority (FRA) has approved a new statute for the Insurance Federation of Egypt…
Egypt’s FRA doubles insurers’ investment cap in commodity, metal funds
Egypt’s Financial Regulatory Authority (FRA) has raised the maximum share of funds that insurance and reinsurance…
Minister of Investment chairs Misr Insurance Holding meeting
Egypt's Minister of Investment and Foreign Trade, Hassan El-Khatib, chaired the General Assembly meeting of Misr…
Egypt’s FRA reports EGP79.2b in financing by March ’25
The Financial Regulatory Authority (FRA) revealed that total financing provided by entities under its supervision…
Egypt’s FRA: Non-banking financing hits EGP 283.6bn in Q1 ’25
Egypt’s Financial Regulatory Authority (FRA) reported that total financing provided through entities under its…
Egypt’s FRA requires insurers to invest 5% in equity funds
Egyptian Financial Regulatory Authority (FRA) has mandated insurance and reinsurance companies to allocate a…
Egypt’s Senate reviews capital market law, insurance sector reforms
Egypt’s Senate has approved a report assessing the legislative impact of key provisions in the Capital Market Law…
Egypt’s FRA total financing hit EGP 646.6b in 1st 9m of ’24
Egypt's Financial Regulatory Authority (FRA) announced that total financing provided by entities under its…
Egypt’s non-banking financial sector financing hits EGP 62b in July
The total insurance premiums collected in Egypt amounted to 9.2 billion Egyptian pounds by the end of July 2024,…
China unveils measures to strengthen insurance sector
China's state council announced on Wednesday plans to implement comprehensive measures to improve the country's…
European shares rise on Thursday
European shares opened higher on Thursday, buoyed by favourable inflation data and gains in the insurance sector.
Egypt expands ownership base of state-owned companies
The Egyptian government is actively working to accelerate the programme that expands the ownership base of…
AM Best: Egypt insurance market proving resilient despite ‘challenging economic…
Egypt’s insurance market is still proving resilient in the face of challenging economic conditions they are facing…
Egypt’s FRA newly adopted stress test shows “strength” of NBFS institutions –…
Financial Regulatory Authority's first stress test on the impact of covid-19 on the non-banking financial services…
Egyptian insurance sector’s premiums likely to fall 15% in FY21 due to coronavius
The premiums of Egypt’s insurance sector is expected to decline between 15-20 percent within the 2020/2021…
Egypt’s market regulator sees $11.4mn revenues from insurance sector in FY2021
Egypt’s Financial Regulatory Authority (FRA) expects to achieve revenues worth 184 million Egyptian pounds ($11.4…
Three insurers vying to win policy bid for Egyptian bourse’s assets
Three takaful insurance companies are competing to win an insurance policy tender to cover the assets of the…
Egypt’s Petroleum Pipelines launches insurance policy tender for assets – sources
Egypt’s state-owned Petroleum Pipelines Co. (PPC) has launched an insurance policy tender among non-life insurance…
Egypt 10-year investments in insurance sector hit 102 bln pounds – official
The total investments of Egypt’s insurance sector reached 102 billion Egyptian pounds ($6.3 billion) over the past…
Insurance Sector contributes $131 million to Egypt’s Health File – Medmark
In Egypt, the insurance sector contributes one billion Egyptian pounds (US$131 million) out of 90 billion worth of…
EFSA Says EGP15bln Expected Premiums of Insurance Sector by June-End
Deputy Chairman of Egyptian Financial Supervisory Authority (EFSA) Mohamed Maait said the size of premiums which…
Egypt’s Royal Insurance Eyes to Attain EGP 450 mln Premiums June-2014
Ahmed Hosny, the Deputy Managing Director Finance at Royal Insurance Company, said his company is aiming EGP…
SCLI To Open New Branch in Mansourah
Ahmed Shoukry, Managing Director at Suez Canal Life Insurance (SCLI), said that his company intends during the…
SCLI To Open New Branch in Mansourah
Ahmed Shoukry, Managing Director at Suez Canal Life Insurance (SCLI), said that his company intends during the…
Saudi Mortgage Law To Boost Takaful Industry
The Saudi insurance market is projected to grow by 15 percent per annum in total volume of gross premiums written…