Regulatory Alerts2023-01-01
Decision No. 550 of 2023 on the Formation of the Coordinating Committee for Outbound Travel Insurance
The Financial Regulatory Authority (FRA) issued Decision No. 550 of 2023 to establish the Coordinating Committee for Outbound Travel Insurance. This committee will centralize regulatory oversight, standardize operational guidelines, and enforce compliance across Egyptian insurers offering outbound travel coverage. Insurers must adopt the committee’s unified reporting frameworks and operational standards to maintain valid licensing for international travel insurance services.
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