Cairo: Egypt's Financial Regulatory Authority (FRA) Chairman Mohamed Farid met on Sunday, July 20, 2025, with representatives from Jefferies, a leading full-service investment banking and capital markets firm, along with international investors in London. The meeting took place during a roadshow organized by the British Egyptian Business Association (BEBA), where Farid highlighted recent reforms in Egypt's insurance sector.

According to State Information Service Egypt, the sector is experiencing rapid development following the implementation of the Unified Insurance Act in July 2024. This act expanded investment options for insurers and private funds to include metals, listed equity, venture capital, and real estate. Furthermore, the FRA has mandated new investment allocations and increased capital requirements to 600 million Egyptian pounds in two phases.

Additional reforms introduced by the FRA include updated reserve frameworks, expanded microinsurance coverage, and streamlined licensing rules. Farid emphasized the authority's focus on digital transformation, which involves enabling electronic issuance of standard policies and implementing fintech regulations. These measures aim to enhance sector efficiency and support financial inclusion.