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The Board of Financial Regulatory Authority (Egypt), chaired by Islam Azzam, has issued Decision No. 54 of 2026, setting out the conditions, rules, and procedures for the registration and practice of risk assessment experts and loss adjusters.

The decision forms part of the authority’s ongoing efforts to complete the legislative and regulatory framework governing the insurance sector, in line with the implementation of the Unified Insurance Law No. 155 of 2024, which places particular emphasis on insurance-related professions, including actuaries, insurance consultants, and insurance and reinsurance brokers.

Risk assessment and loss adjustment activities are considered key pillars within the insurance ecosystem. The law introduces specific provisions aimed at enhancing operational efficiency, aligning practices with global standards, and regulating professional conduct to support the development of Egypt’s insurance industry.

Commenting on the decision, Islam Azzam stated that the new regulations establish a comprehensive framework for licensing both companies and individual practitioners wishing to operate in this field. He noted that clear eligibility criteria and procedural requirements are essential to ensuring professional standards and strengthening confidence in the insurance market.

The decision also introduces strict controls for the registration of experts, including requirements related to professional experience, good reputation, successful completion of qualifying examinations, and adherence to high technical standards.

Azzam emphasized that the technical reports produced by risk assessors and loss adjusters play a critical role in the insurance value chain, serving as the foundation for insurers when evaluating risk levels prior to issuing policies, as well as in estimating damages following insured incidents.