Regulatory Alerts2018-01-01
Decision of the Board of Directors of the Authority No. (145) of 2018
The Financial Regulatory Authority (FRA) of Egypt issued Decision No. 145 of 2018 to amend Decision No. 122 of 2015 regarding the electronic issuance and distribution of standard insurance policies. The amendment authorizes FRA-licensed insurance companies to electronically issue and distribute specified standard policies through their information systems, subject to prior regulatory approval and compliance with established controls. Furthermore, it restricts electronic distribution partnerships exclusively to licensed insurance brokers, travel agencies, and airlines, while explicitly adding personal accident policies to the approved list of electronically tradable standard products.
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