الهيئة العامة للرقابة المالية

FRA Chairman:

“The Authority seeks to expand insurance penetration, driving greater economic growth.”

Dr. Islam Azzam, FRA Chairman affirmed the Authority’s commitment to develop the insurance and reinsurance brokerage sector. This effort is part of FRA’s broader strategy to advance Egypt’s insurance industry, boost insurance penetration, maximize its contribution to the national economy and enhance its attractiveness to investments, while improving the quality of services and products provided to citizens.

This came during a comprehensive meeting held by FRA Chairman with representatives from all insurance and reinsurance brokerage firms. The session was attended by FRA Vice Chairman Dr. Ahmed Abdel Aziz, Assistant to Chairman Mr. Hamdy Badawy and several key officials from relevant departments.

Dr. Islam Azzam explained that the meeting with insurance and reinsurance brokers reflects FRA’s permanent approach to foster community dialogue. He emphasized the Authority’s keenness to maintain continuous communication with all stakeholders across the sectors under its supervision to discuss market development proposals, build capacities and enhance efficiency.

Attendees put forward several proposals and observations which FRA Chairman promised to study and take the necessary actions under existing legal obligations and regulatory frameworks, while taking into account market needs and conditions.