Egyptian insurers and reinsurers to comply with new governance rules within one year

The Financial Regulatory Authority (FRA) has granted Egyptian insurance and reinsurance companies a one-year period to comply with the new governance rules.

Within one month of the new regulations taking effect, the companies concerned are required to submit to the FRA a detailed schedule outlining the procedures they plan to implement to ensure compliance with the law’s provisions.

As a reminder, the regulatory authority recently introduced these new governance rules to strengthen the sector’s legal and supervisory framework.