{"id":22830143,"date":"2026-05-16T11:49:51","date_gmt":"2026-05-16T08:49:51","guid":{"rendered":"https:\/\/fra.gov.eg\/fra_news\/%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b9%d9%82%d8%af-%d9%88%d8%b1%d8%b4%d8%a9-%d8%b9%d9%85%d9%84-%d9%84%d8%aa%d8%b9%d8%b2%d9%8a%d8%b2\/"},"modified":"2026-05-17T14:56:38","modified_gmt":"2026-05-17T11:56:38","slug":"%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b9%d9%82%d8%af-%d9%88%d8%b1%d8%b4%d8%a9-%d8%b9%d9%85%d9%84-%d9%84%d8%aa%d8%b9%d8%b2%d9%8a%d8%b2","status":"publish","type":"fra_news","link":"https:\/\/fra.gov.eg\/en\/fra_news\/%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b9%d9%82%d8%af-%d9%88%d8%b1%d8%b4%d8%a9-%d8%b9%d9%85%d9%84-%d9%84%d8%aa%d8%b9%d8%b2%d9%8a%d8%b2\/","title":{"rendered":"FRA Hosts Workshop to Strengthen Administrative Capabilities of Private Insurance Funds &#8211;  Saturday 16 May 2026"},"content":{"rendered":"<ul>\n<li style=\"text-align: left\">Broad engagement from funds\u2019 representatives on modern economic resilience and conflict-of-interest safeguards.<\/li>\n<li style=\"text-align: left\">Islam Azzam \u2013 FRA Chairman: Enhanced governance and transparency drive efficiency and maximize returns<strong>.<\/strong><\/li>\n<li style=\"text-align: left\"><\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left\">Financial Regulatory Authority (FRA) chaired by Dr. Islam Azzam, in collaboration with the World Bank, hosted a high-level workshop titled \u201cCapacity Building for Private Insurance Fund Boards.&#8221; The event witnessed extensive participation from board members and representatives of various private insurance funds.<\/p>\n<p><img class=\"alignnone size-medium wp-image-22811516 alignleft\" src=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000670965-300x205.jpg\" alt=\"\" width=\"300\" height=\"205\" srcset=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000670965-300x205.jpg 300w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000670965-1024x700.jpg 1024w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000670965-768x525.jpg 768w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000670965.jpg 1317w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p dir=\"ltr\">This workshop aligns with FRA\u2019s strategic commitment to bolster governance efficiency and elevate professional standards of fund managers in parallel with digital transformation and major updates introduced by the Unified Insurance Law (No. 155 of 2024) to disclosure systems and regulatory oversight.<\/p>\n<p dir=\"ltr\">Mark Davis, a World Bank Senior Financial Sector Specialist and global pension governance expert, facilitated the sessions. The workshop attracted a broad audience of industry leaders, providing a platform for dynamic discussion , sharing practical insights on refining management frameworks and maximizing member returns within a volatile economic climate.<\/p>\n<p dir=\"ltr\">The agenda highlighted the core components of private insurance fund governance, emphasizing global management standards and the importance of monitoring and adapting to economic volatility to maximize member benefits. Key topics included board operational controls, conflict-of-interest prevention and implementation of robust risk management and compliance frameworks designed to bolster the financial and administrative stability of each fund.<\/p>\n<p><img class=\"alignnone size-medium wp-image-22811512 alignright\" src=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000670963-300x169.jpg\" alt=\"\" width=\"300\" height=\"169\" srcset=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000670963-300x169.jpg 300w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000670963-1024x576.jpg 1024w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000670963-768x432.jpg 768w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000670963-1536x864.jpg 1536w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/05\/1000670963.jpg 1600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p dir=\"ltr\">Dr. Islam Azzam emphasized the Authority\u2019s commitment to support training and capacity-building programs for professionals within the non-banking financial sector. He highlighted the vital role of private insurance funds in providing essential insurance and social benefits, noting that the financial and administrative stability of these funds directly impacts the long-term security of their members.<\/p>\n<p dir=\"ltr\">Dr. Azzam further noted that embedding governance and transparency within these funds bolsters management efficiency and streamlines decision-making. He emphasized that these efforts balance stakeholder interests and safeguard their rights, aligning with the Unified Insurance Law and recent FRA mandates designed to modernize investment oversight, ensure solvency, and maximize returns.<\/p>\n<p dir=\"ltr\">Currently, Egypt\u2019s private insurance fund sector comprises over 660 active funds serving nearly 4 million members. These funds provide critical savings, insurance, and supplementary pension benefits, playing a pivotal role in supporting state efforts to expand social safety nets and enhance the financial stability of Egyptian families.<\/p>\n","protected":false},"author":7,"featured_media":22811510,"parent":0,"template":"","format":"standard","categories":[142,144],"tags":[4945],"fra_news_taxonomy":[2137,2138],"news_paper_taxonomy":[],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/22830143"}],"collection":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news"}],"about":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/types\/fra_news"}],"author":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/users\/7"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/22811510"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=22830143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=22830143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=22830143"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=22830143"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=22830143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}