Since 1995, new laws have led to a more investor friendly policies. The Insurance Law has been amended in 1998 to permit foreign investors to own up to 100% of the shares of Egyptian insurance companies.

Any direct insurance transactions should be via an insurance company governed by Egyptian insurance law .Nevertheless, The Insurance Authority might authorize insuring via an insurance company that is not governed by Egyptian insurance law only if the insurance can not be executed locally. In all cases insuring via an insurance company that is not governed by Egyptian insurance law is governed by the rules stated by the boards of directors of the Insurance Authority.

It is not permitted for any natural person or legal entity to practice any activity in relation to insurance in Egypt without prior approval from Insurance Authority.