Egypt’s FRA forms committee for insurance pools
Egypt’s Financial Regulatory Authority (FRA) has formed a committee to prepare a unified model for the bylaws of…
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Insurance
Egypt’s FRA expands expatriate insurance scheme with unfair dismissal cover from 1…
Egypt will expand its voluntary insurance scheme for citizens living abroad from 1 Aug. by adding coverage for…
Egypt adds unfair dismissal cover to expatriates’ insurance scheme
Egypt will expand its voluntary insurance scheme for citizens living and working abroad to include protection…
Egypt’s FRA launches violators list for non banking financial activities
Egypt’s Egyptian Financial Supervisory Authority (FRA) introduced on Friday a new system classifying companies and…
Egypt’s bourse approves listing of Misr Life Insurance shares for first time since…
The Egyptian Exchange’s (EGX) Listing Committee approved the temporary listing of Misr Life Insurance Company…
Egypt’s FRA approves licensing of 6 financial companies
Egypt’s Financial Regulatory Authority (FRA) approved on Wednesday the incorporation and licensing of six companies…
Egypt’s FRA sets first rules for foreign insurance representative offices
Egypt’s Financial Regulatory Authority (FRA) has issued its first comprehensive regulatory framework governing the…
Women make up 17% of new digital contracts as Egypt’s regulator bets on technology
Women account for about 17 per cent of newly signed digital financial contracts in Egypt, highlighting the…
Egypt’s FRA reports nearly EGP 1 trillion in financing in first 9 months
Egypt’s Financial Regulatory Authority (FRA) reported that total financing granted by entities under its…
Egypt’s FRA issues first governance rules for insurers, reinsurers to boost transparency
Egypt’s Financial Regulatory Authority (FRA) has issued the country’s first binding corporate governance rules for…
Egypt’s non-bank financing hits EGP 851.4b in first eight months of 2025 – FRA
Egypt’s Financial Regulatory Authority (FRA) said on Tuesday that total financing provided by entities under its…
Egypt’s FRA chair highlights non-banking financial reforms at IMF, World Bank…
Egypt’s Egyptian Financial Supervisory Authority (FRA) Chairman Mohamed Farid highlighted Egypt’s non-banking…
Egypt fully funds export rebate programme for first time with EGP 45b allocation
The Egyptian government has, for the first time, fully financed the export rebate programme from the state budget,…
Egypt’s FRA urges wider insurance coverage to boost stability
STM Investment and Misr Insurance signed on Sunday a cooperation protocol, witnessed by Egypt’s Financial…
Egypt’s FRA raises compensation for Matrouh train accident victims
Egypt's Financial Regulatory Authority (FRA) has directed the Railway, Metro, and Highways Accidents Insurance Pool…
Egypt’s FRA issues new solvency rules to bolster insurance sector stability
Egypt’s Financial Regulatory Authority (FRA) on Tuesday introduced new solvency margin rules aimed at strengthening…
Egypt’s FRA accelerates digital shift in NBFS
Egypt’s Financial Regulatory Authority (FRA) is pushing ahead with a comprehensive digitalisation agenda to…
Egypt works to accelerate agricultural insurance fund launch
Egypt is moving to accelerate the launch of its Agricultural Mutual Insurance Fund (AMIF) as the government looks…
Egypt’s insurance premiums grow in Jan-Apr ’25
Egypt's Financial Regulatory Authority (FRA) reported that Egypt’s insurance sector recorded strong growth in the…
FRA reports EGP384b in financing by April
The Financial Regulatory Authority (FRA) announced that total financing provided by entities under its supervision…
Egypt’s UHIA signs protocol with FEB to expand coverage
Egypt's Universal Health Insurance Authority (UHIA) signed a cooperation protocol with the Federation of Egyptian…
Egypt’s insurance premiums soar 34% YoY at June-end – FRA chair
Egypt’s Financial Regulatory Authority (FRA) reported on Monday a 34 per cent year-on-year growth in total…
Egypt’s FRA raises minimum capital requirements for insurance companies
Egypt’s Financial Regulatory Authority (FRA) has issued on Sunday a new decree to strengthen the financial solvency…
Egypt launches first microinsurance company
A groundbreaking partnership signed on Thursday between Post for Investment Company and AXA Egypt has resulted in…
EBRD invests €5m in first Tier 3 subordinated bond by Slovenia’s Sava Re
The European Bank for Reconstruction and Development (EBRD) is investing €5 million in the inaugural debt capital…
S. Arabia’s GDP down by 0.3% in Q2 ’24
Saudi Arabia’s real GDP declined by 0.3 per cent in Q2/2024, while seasonally adjusted GDP increased by 1.4 per…
Egypt delivers free medical care for 3.3m people in ’22
Egypt provided free-of-charge medical care for over 3.3 million people in 2022, at a total cost of 14.4 billion…
Egypt mulls issuing bonds in UAE, India currencies
The Egyptian government is considering issuing bonds in Emirati dirhams, Indian rupees, and Hong Kong dollars for…
$95bln insurance losses from natural disasters in ’23
Natural disasters, including earthquakes in Turkey and Syria and storms in the United States, resulted in an…
Ericsson targets 50% of mobile wallets in Africa
Ericsson AB, a manufacturer of 5G networks globally, is expanding a financial technology company that facilitates…
Afreximbank signs $10 million facility deal with Zambia’s IGI
The African Export–Import Bank (Afreximbank) has signed on Sunday a $10 million facility agreement with Zambian…
AM Best assigns national scale rating of aa.EG to Suez Canal Insurance
AM Best has on Thursday has assigned the Egypt National Scale Rating (NSR) of aa.EG (Superior) to Suez Canal…
AM Best affirms GIG Insurance Egypt credit rating at bbb+
AM Best affirmed on Wednesday GIG Insurance – Egypt’s (GIG-Egypt) financial strength rating of bbb+ (Good) and the…
DXC Technology partners with Kaf Insurance Egypt
Egypt’s fastest growing life insurance provider, Kaf is working on its digital transformation with DXC Technology,…
Egypt’s Misr Emirates Life Takaful renews reinsurance deals with Gen Re for 2023
Misr Emirates Life Takaful – Salama has renewed its reinsurance contracts for another year, its managing director…
Misr Emirates Life Takaful to raise capital to EGP 250 million by year-end
Misr Emirates Life Takaful – SALAMA, part of UAE’s Islamic Arab insurance Companies, plans to increase its paid-up…
Reinsurer ASR plans to establish new hubs in Egypt, and five other African countries
Africa Specialty Risks (ASR), the pan-African focused reinsurance group, is planning to establish business…
Moroccan insurer Wafa Assurance expands activity to Egypt
Morocco's biggest insurance company Wafa Assurance, part of Attijariwafa Bank, has expanded its insurance business…
Allianz Egypt profits near half a billion Egyptian pounds in FY2019/20
Allianz Egypt, part of German insurance giant Allianz, made profits of 490 million Egyptian pounds ($31.4 million)…
South Africa’s Sanlam says coronavirus delays its expansion plans for Egypt
The coronavirus pandemic has led South Africa’s largest insurer Sanlam Ltd to delay its expansion plans for Egypt…