Regulatory Alerts2023-01-01
Decision No. 172 of 2023 on Re-establishing the Committee for Ruling on Technical and Economic Feasibility Studies for Insurance Sector Projects
The Financial Regulatory Authority of Egypt issued Decision No. 172 of 2023 to re-establish a specialized committee responsible for evaluating technical and economic feasibility studies submitted by insurance, reinsurance, and intermediary entities seeking preliminary approval. Chaired by Prof./ Dr. Islam Azam and supported by a dedicated technical secretariat, the committee's composition and operational scope are explicitly defined to streamline regulatory assessments. This decision takes immediate effect upon issuance, directing relevant administrative departments to enforce the newly constituted committee's mandate under existing insurance legislation.
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