Financial Regulatory Authority Prioritizes Development of Medical Insurance Sector

جانب من اللقاء.

Dr. Islam Azzam, head of the Financial Regulatory Authority, and Dr. Ahmed El-Sabki, head of the General Authority for Health Care, signed a memorandum of understanding aimed at enhancing cooperation between their organizations. This initiative supports the government’s efforts to promote financial and insurance inclusion, improve healthcare systems, and integrate non-banking financial activities with the medical sector in line with Egypt’s Vision 2030.

The memorandum was signed during the Africa Health ExCon 2026 conference and exhibition, focusing on institutional collaboration in regulatory and technical areas of mutual interest. It aims to support the implementation of comprehensive health insurance systems and develop sustainable financing mechanisms associated with it. Additionally, it facilitates the exchange of expertise, information, studies, and relevant statistics to enhance healthcare and financial services provided to citizens.

Dr. Azzam emphasized that the Financial Regulatory Authority is committed to advancing medical insurance activities as a promising strategic sector. He noted that the authority continues to refine legislative and regulatory frameworks to foster growth in the insurance sector and attract investments.

He added that the memorandum represents a significant step towards integrating medical and economic activities, aligning with priorities set forth in Law No. 155 of 2024 on unified insurance. This integration is reflected in regulatory decisions made by the authority to encourage expansion opportunities within the sector, including establishing a regulatory framework for Third Party Administrator (TPA) activities for the first time as part of non-banking financial services.

Innovative products and services within non-banking financial activities are expected to enhance the sustainability of the medical sector while increasing its attractiveness for both local and foreign investments, positively impacting the quality of healthcare services available to citizens.

The areas of cooperation also include studying and developing supplementary health insurance mechanisms, supporting sustainable financing models for healthcare services, enhancing the use of fintech in healthcare development, and exploring applications of artificial intelligence and data analysis to improve operational efficiency and user experience.

Furthermore, they will study and develop financial and insurance products related to healthcare while promoting financial inclusion for beneficiaries of health services. Joint research studies will be conducted along with sharing relevant indicators and statistics in accordance with applicable regulations regarding data confidentiality.

In a related discussion session, the Financial Regulatory Authority participated in exploring investment opportunities within the healthcare sector. The session focused on building an attractive health system for investments and how comprehensive health insurance can stimulate private sector participation in financing new health infrastructure projects while maximizing the economic and social impact of investments in this field.

Dr. Tarek Saif represented the authority during this session as Executive Director of the Financial Services Institute—the authority’s training arm—discussing legislative frameworks governing various medical insurance activities under the unified insurance law and recent regulatory decisions made by the authority. He highlighted how these developments can align with global trends following the enactment of Law No. 5 of 2022 regarding non-banking fintech, through innovative service solutions that enhance healthcare efficiency while meeting market needs.

The session also featured Dr. Amir El-Telwany, Executive Director of the General Authority for Health Care; Dr. Ahmed Sobhi, Deputy Managing Director for Investment and Financial Affairs at eFinance; Dr. Ayodeji Adebayoji from the World Bank’s Health Economics Group; with discussions moderated by Dr. Mohamed Badr, Head of Central Administration for Executive Affairs at Health Care Authority.