Regulatory Alerts2018-01-01
Added · Updated
Prime Minister's Decision No. 2734 of 2018 Issuing the Bylaws of the Policyholders and Beneficiaries Guarantee Fund
Prime Minister Mustafa Madbouly issued Decision No. 2734 of 2018, establishing the Bylaws for the Policyholders and Beneficiaries Guarantee Fund to protect insurance clients in Egypt. The Fund mandates compulsory membership for all licensed insurance companies and provides compensation up to 80% of policy values when an insurer becomes insolvent or loses its license. The General Authority for Financial Supervision exercises strict oversight over the Fund's governance, financial operations, and compliance with regulatory standards.
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