The First Company to Join the FRA Regulatory Sandbox!

🚀 GIG Egypt — The First Company to Join the FRA Regulatory Sandbox!

A milestone moment for innovation in Egypt’s non-banking financial sector.

The Financial Regulatory Authority FRA Sandbox proudly announces that GIG Egypt has become the first company to receive initial approval and officially join the FRA Regulatory Sandbox — with a groundbreaking remote inspection platform that digitalizes the car insurance inspection process, enhancing speed, transparency, and efficiency across the sector.

This milestone reflects the vision and forward-thinking leadership of H.E. Dr. Mohamed Farid Saleh - Chairman of the FRA, whose commitment to fostering innovation and embracing technology continues to shape a progressive regulatory environment that encourages experimentation, collaboration, and responsible growth within the Non-Banking Financial Sector.

It also highlights Mr. Alaa El Zoheiry ’s belief in the power of innovation and digital transformation to drive the insurance industry forward — setting a strong example for how private sector leaders can embrace change and lead with impact.

The announcement was made in the presence of:
H.E. Dr. Mohamed Farid Saleh , Chairman of the Financial Regulatory Authority FRA Mr. Alaa El Zoheiry , Managing Director of GIG Egypt and Insurance Federation of Egypt
Eng. Ahmed Khalifa, Executive Director of the FRA Sandbox
By joining the FRA Sandbox, GIG Egypt will have the opportunity to test its innovative solution in a controlled environment, paving the way for new technologies that promote financial inclusion, transparency, and consumer trust.

At the FRA Sandbox, we believe that innovation and regulation can — and must — advance together. This milestone is not only a first for GIG Egypt, but also a testament to the collective vision, leadership, and teamwork driving Egypt’s non-banking fintech and insurtech ecosystem forward.

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