{"id":554284,"date":"2021-12-28T04:33:37","date_gmt":"2021-12-28T04:33:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/28\/ins-act-could-see-the-light-by-mid-2022\/"},"modified":"2021-12-28T04:33:37","modified_gmt":"2021-12-28T04:33:37","slug":"ins-act-could-see-the-light-by-mid-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/28\/ins-act-could-see-the-light-by-mid-2022\/","title":{"rendered":"Ins. Act could see the light by mid-2022"},"content":{"rendered":"

<\/a> The new Ins. Act could be passed by the House of Representatives and become<\/strong> the law of the land by the end of 2<\/strong>Q2022<\/strong>, Al Shorouk<\/a> reports Financial Regulatory Authority (FRA) boss Mohamed Omran as having said. Last we heard<\/a>, the legislation was with the House Economic Committee after receiving Cabinet approval in November 2020.<\/p>\n

Refresher:<\/strong> The bill, which the FRA began drafting<\/a> in 2018, would make the FRA the primary regulator for the sector, governing everything from the establishment and licensing of ins. companies, to setting best practices and industry standards, and regulating transactions, contracts, and policies. The legislation is also expected to make ins. compulsory for SMEs and freelancers.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new Ins. Act could be passed by the House of Representatives and become the law of the land by the end of 2Q2022, Al Shorouk reports Financial Regulatory Authority (FRA) boss Mohamed Omran as having said. Last we heard, the legislation was with the House Economic Committee after receiving Cabinet approval in November 2020. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7344],"tags":[72,76,180,187,440,703],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554284","post","type-post","status-publish","format-standard","hentry","category-legislation-watch","tag-enterpriseam","tag-financial-regulatory-authority","tag-legislation","tag-legislation-watch","tag-mohamed-omran","tag-unified-insurance-act","wpautop","entry"],"acf":{"mongo_id":"815af374-0863-4ea2-80e8-aabae649c01c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[554274],"teaser":"","voice_url":""},"yoast_head":"\nIns. Act could see the light by mid-2022 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/28\/ins-act-could-see-the-light-by-mid-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ins. Act could see the light by mid-2022\" \/>\n<meta property=\"og:description\" content=\"The new Ins. Act could be passed by the House of Representatives and become the law of the land by the end of 2Q2022, Al Shorouk reports Financial Regulatory Authority (FRA) boss Mohamed Omran as having said. Last we heard, the legislation was with the House Economic Committee after receiving Cabinet approval in November 2020. 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The local press is reporting that the committee introduced a new\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591379,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/egypts-market-regulator-is-putting-the-final-touches-on-the-draft-insurance-act\/","url_meta":{"origin":554284,"position":3},"title":"Egypt\u2019s market regulator is putting the final touches on the draft Insurance Act","author":"enterpriseam admin","date":"4 December 2019","format":false,"excerpt":"LEGISLATION WATCH- Market regulator, Justice Ministry putting the final touches on Insurance Act: The Justice Ministry is finalizing the draft of the new Insurance Act, which will grant the authority more oversight over the insurance industry, and will ship it to the House of Representatives for approval, Financial Regulatory Authority\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598385,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/23\/egypts-market-regulator-to-review-draft-insurance-act-after-eid-break\/","url_meta":{"origin":554284,"position":4},"title":"Egypt\u2019s market regulator to review draft Insurance Act after Eid break","author":"enterpriseam admin","date":"23 May 2019","format":false,"excerpt":"LEGISLATION WATCH- Market regulator\u2019s board to review draft Insurance Act after Eid break: The Financial Regulatory Authority\u2019s (FRA) board of directors will review the draft Insurance Act following the Eid El Fitr break, FRA boss Mohamed Omran said yesterday, according to Al Mal. 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