The Board of Directors of the FRA issued Decision No. 39 of 2026 during its meeting held on January 22, 2026, chaired by Dr. Mohamed Farid. The decision requires actuaries to submit full copies of the reports they prepare or review for insurance companies, including peer review reports, in accordance with Law No. 10 of 2009 regulating non-bank financial markets and the Unified Insurance Law No. 155 of 2024.
According to the decision, reports must be submitted to the
FRA within 15 days of their preparation via the Authority’s designated email.
Each report must include key information such as the scope and purpose of the
assignment, the name of the requesting entity, the methodologies and
assumptions used, a declaration confirming the accuracy of the data,
calculation results accompanied by the underlying electronic data files, a
summary of key findings, and disclosure of any potential conflicts of interest.
The directive also mandates the submission of actuarial
reports for the financial year ending December 31, 2025, within 15 days of the
effective date of the decision. The decision takes effect the day after its publication
in the Al-Waqa'i' al-Misriyya.
The FRA emphasized that the new requirements aim to strengthen oversight of actuarial work, enhance transparency and professional accountability, and improve the quality of technical reports in the insurance sector. This step supports the stability and integrity of non-bank financial markets and makes sure that actuarial practices meet the best global professional standards.