Insurance, Reinsurance and Insurance Brokerage Services
The firm provides a comprehensive system of specialized legal services for the insurance, reinsurance and insurance brokerage sector, drawing on deep practical experience of the legislative and regulatory framework of this vital sector and direct dealings with the requirements and procedures of the Financial Regulatory Authority.
We aim to enable companies to establish, operate and develop their insurance business within an integrated legal and regulatory framework, with ongoing technical and legal support that strengthens their stability and growth.
Company incorporation and licensing
- Incorporating and licensing insurance, reinsurance and insurance brokerage companies.
- Preparing and submitting applications for preliminary approvals and final licenses with the Financial Regulatory Authority.
- Reviewing and approving articles of association and legal and organizational structures.
- Meeting capital and solvency requirements and following up on registration procedures.
Approval of insurance products
- Reviewing and drafting insurance policies, contract forms and technical endorsements.
- Ensuring products comply with legislative rules and regulatory and technical controls.
- Coordinating with the Financial Regulatory Authority to complete the approval procedures for new products and their launch in the market.
Regularization and governance
- Regularizing the status of medical insurance companies and medical services companies in accordance with regulatory requirements.
- Reconstituting boards of directors and specialized committees (audit – risk – governance).
- Amending the business activity of companies wishing to change their activity.
- Preparing governance regulations, internal policies and operational work systems.
- Reviewing compliance with governance, disclosure and client protection rules.
Contracts and agreements
- Drafting and reviewing reinsurance agreements.
- Reviewing contracts with brokers, service providers, third-party administrators (TPA), and collection and inquiry companies.
- Preparing and reviewing survey and valuation contracts, and agreements with actuaries and loss adjusters.
- Ensuring contracts comply with the Authority’s instructions, protecting companies’ rights and reducing legal risks.
Compliance and internal control
- Preparing and reviewing operational and control policies and procedures.
- Reviewing risk management, solvency and client protection systems.
- Reviewing periodic reports before they are submitted to the Authority, and preparing legal responses to inspection findings and complaints.
- Supporting companies in building effective internal control systems that comply with regulatory requirements.
Technical experts (surveyors – actuaries – consultants)
The firm provides specialized legal support in dealing with technical experts related to insurance activity, including:
- Incorporation and licensing for companies.
- Approval to practice and registration in the register for natural persons.
- Ensuring the services provided comply with regulatory controls.
- Protecting the company’s rights against any contractual risks.
Legal representation and disputes
- Representing all companies before the Financial Regulatory Authority.
- Representation before judicial bodies and dispute resolution committees.
- Managing disputes relating to insurance and reinsurance contracts, compensation, or technical disputes.
- Taking the legal action necessary to protect companies’ interests and ensure the stability of their business.
Advanced services
- Restructuring companies and insurance operations.
- Legal supervision of mergers, acquisitions and exits.
- Managing the procedures for suspending activity or liquidating companies in accordance with the legal and regulatory framework.
Ongoing legal advice
- Following up on legal, regulatory and contractual aspects.
- Strengthening institutional compliance and ensuring the stability and growth of companies within the insurance market.
Our Services
- Capital Market
- Non-Banking Financial Activities
- Banking, Payment Services and Financial Technology
- Insurance and Reinsurance
- Corporate and Investment
- Competition Protection and Economic Concentrations
- Consumer Protection and Consumer Dispute Resolution
- Small, Medium and Micro Enterprises
- Intellectual Property and Trademarks
- Contracts, Internal Regulations and Corporate Systems
- Litigation and Arbitration in Economic Disputes
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FAQ
Frequently asked questions
Who supervises insurance companies in Egypt?
Insurance and reinsurance companies and insurance brokers are supervised by the Financial Regulatory Authority under Unified Insurance Law No. 155 of 2024 and its implementing decisions.
What are the main steps to establish an insurance or brokerage company?
They include choosing the line of business (life, property and liability, or brokerage), meeting the capital, solvency and technical staffing requirements, and then preparing the licence file and following it up with the FRA until registration. We handle all of these stages.
Do new insurance policies need approval before launch?
Insurance products are subject to FRA rules on approving policy wordings, pricing and customer disclosure. We review policy wordings and terms and handle the approval process.
Do you handle insurance claim disputes?
Yes. We represent insurers and policyholders in claims, compensation and reinsurance disputes, whether through amicable settlement, the courts or arbitration.
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These answers are general information and do not replace legal advice on your specific case.
