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Financial Authority Sets 2027 Deadline for Insurance Reforms
The General Authority for Financial Supervisory decided to extend the deadline for insurance companies to comply with the unified insurance law No. 155 of 2024 until July 11, 2027, granting them an additional year in response to the new regulatory circumstances. This step aims to facilitate the development of the sector, enhance the capacity of companies, and increase the attractiveness of insurance products through digital solutions and innovation, as part of the Authority's efforts to strengthen its contribution to the national economy. The measures include more than 80 regulatory decisions since 2024, aimed at improving risk management and contract regulation, within the Authority’s ongoing efforts to develop the insurance environment and support the sector’s sustainability.
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