The Insurance Federation of Egypt, located at 10 Iran St. in the Dokki district of Giza governorate, is an organization comprising licensed insurance companies, reinsurance companies, and insurance associations operating in the Arab Republic of Egypt. The Federation holds a non-profit legal status.
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It aims to raise the level of the insurance industry and insurance professions associated with them and the organization of competition and to foster scientific and cultural ties and social relations between companies and its member associations and the General Authority for financial control and other government agencies and NGOs on active insurance at home and abroad, as well as examine the technical basis of price and compensation. |
Federation membership mandatory for all insurance companies, reinsurance and insurance associations under the Law of the supervision and control of insurance. |
The resources of the Federation membership fees for EU membership and annual subscriptions, and return on investment of Federation funds in the event of insufficient resources, the former members are committed to cover the annual deficit. |
The Federation shall exercise its powers through the following devices: |
General Assembly |
The highest authority of the Federation and meets once a year at least.
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Federation Board of Directors
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It consists of seven members from among the heads of the departments or their representatives or members are assigned to insurance companies and associations of members of the Federation to take into account the relative balance between the companies and associations of persons engaged in insurance operations and the composition of funds, and those engaged in property and casualty insurance |
Executive Boards |
There are two instances, first insurance companies and associations that engage in Personal insurance and processes of construction funds, and the second insurance companies and associations, which engaged in property and casualty insurance.
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Technical Committees |
Each executive council to form a number of technical committees to assist him in carrying out its duties, in the formation of these committees of five members at least seven more selected by the Executive Boards of the candidates by companies and insurance associations members in accordance with the rules and standards established by the Federation Board of Directors, the Board Executive Chairman Committee and his deputy from among themselves. |
General Secretariat |
The Federation has a general secretariat headed by Secretary-General with a full-time administrative efficiency and expertise of insurance, assisted by Assistant Secretary-General or more. |