Egypt's Financial Regulatory Authority (FRA) has granted temporary operating licences to six healthcare third-party administrator (TPA) companies as it enforces the new Unified Insurance Law. FRA Chairperson Islam Azzam announced this during an extended meeting with TPA representatives and authority leaders.
FRA Chairperson Islam Azzam announced the temporary licences for the six TPA companies during an extended meeting with representatives, authority leaders, and relevant departments. The authority is reviewing additional applications to ensure compliance with legal requirements.
Under FRA Board of Directors Decision No. 229 of 2025, companies must adjust their status by 10 July 2026, though the period may be extended. The Unified Insurance Law No. 155 of 2024 regulates TPA activities for the first time in Egypt, integrating them into the non-banking financial services system with a special registry and restricted roles, including managing self-funded programmes if clients pay costs fully.
"Regulating and governing healthcare activities will reflect positively on the quality of services provided to millions of citizens," Azzam said. He added, "We are approving diverse insurance products to stimulate the market and meet customer needs, and we aim to attract investments and expand competition."
TPAs face strict obligations, including impartiality and accuracy in claims settlement, no discrimination among providers, internal controls, risk evaluation, coverage verification, and client data privacy protection. Governance requires annual general assemblies, financial statements under Egyptian Accounting Standards, and auditor reports. Prohibitions include selling or marketing insurance, calculating fees as claim percentages, retaining surplus funds, and they must implement conflict-of-interest policies.