Regulatory Alerts2020-01-01
Decision of the Board of Directors of the Financial Regulatory Authority No. 161 of 2020 Regarding Approval for the Egyptian Cooperative Insurance Association to Adopt Micro-Insurance Policy Coverages
The Financial Regulatory Authority issued Decision No. 161 of 2020 to authorize the Egyptian Cooperative Insurance Association to implement micro-insurance policy coverages. This authorization requires strict adherence to the regulatory definitions and electronic issuance controls outlined in Authority Decision No. 902 of 2016, while explicitly excluding supplementary and compulsory motor insurance alongside medical insurance. The decision takes immediate effect upon issuance and mandates official publication on the Authority's website to ensure regulatory compliance and public transparency.
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