Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), said the authority places special priority on the insurance sector, given its vital role in achieving financial stability and providing protection for individuals and institutions. The dialogue further explored proposals submitted by insurance companies to enhance the retention of insurance premiums within the domestic market, within the framework of developing and improving the efficiency of the reinsurance sector. 200 of 2025 dated 27 October 2025, reflecting a broader move towards embedding sound governance principles within the insurance sector. Challenges facing insurance companies formed a significant part of the discussion, particularly in relation to expanding the insured base, increasing coverage levels, strengthening policyholder protection, and ensuring the sector’s long-term sustainability. According to the FRA, total insurance premiums reached approximately EGP 10.9bn in January 2026, including around EGP 7.3bn in property insurance premiums, while total claims paid by insurance companies amounted to approximately EGP 3.8bn.

Source: Daily News Egypt March 31, 2026 19:18 UTC