Dr. Islam Azzam, Chairman of the Financial Regulatory Authority, participated in the activities of the seventh edition of the annual marathon organized by the Federation of Egyptian Insurance Companies at the Gezira Youth Center, under the auspices of the Ministry of Youth and Sports and the Financial Regulatory Authority, under the slogan: “We run for tomorrow.. and we insure so we don’t have to start from scratch,” in the presence of Dr. Mohamed Farid, Minister of Investment and Foreign Trade, Mr. Alaa El-Zohairy, Chairman of the Federation, and leaders of the Federation and companies operating in Egypt.

The marathon witnessed a large turnout of over 3,500 participants from insurance sector employees and their families, sports enthusiasts of various age groups, and a number of veteran football stars. Participants were keen to interact with the marathon's accompanying events, which aimed to support the concepts of financial and insurance inclusion among young people and to introduce some new products and uses of financial technology.

Dr. Islam Azzam expressed his pride in participating in the Union’s annual marathon, stressing that such events represent an important opportunity to connect with younger generations and strengthen their connection to the non-banking financial sector and spread awareness of the tremendous developments in investment and technology, which contributes to expanding the base of beneficiaries of services and supporting financial inclusion.

He added that integrating young people into activities related to the insurance sector and other non-banking financial services enhances awareness of the importance of financial planning and risk management, and creates a generation more capable of facing the challenges of the times and supporting plans to advance the national economy and improve its attractiveness and competitiveness.

The Chairman of the Financial Regulatory Authority indicated that the Authority continues to work on stimulating innovation within the non-banking financial sector, especially in insurance, by developing a flexible regulatory environment that encourages the use of digital solutions and modern technologies, which supports access to new segments of customers and raises the efficiency of services provided in light of the Unified Insurance Law No. (155) of 2024.

Dr. Islam Azzam stressed that the Authority pays great attention to developing the insurance activity by creating and updating the regulatory and legislative frameworks necessary to develop the sector, the latest of which is the reorganization of Takaful insurance and setting new regulatory standards for reinsurance, to ensure the stability of companies and enhance their solvency and ability to face risks on the one hand, and to encourage them to support innovative insurance products to keep pace with economic and technological changes on the other hand, which contributes to increasing insurance penetration rates and achieving sustainability and growth for the sector.