Egypt's Financial Regulatory Authority (FRA) has extended the deadline for insurers and companies engaged in insurance professions and related activities to meet capital increase requirements until July 2027. It also extended separate compliance deadlines for risk assessors, loss surveyors and loss adjusters, and for insurers and managing general agents (MGAs). These targeted extensions follow an earlier general extension under the Unified Insurance Law to July 11, 2027, which excluded deadlines set separately for specific insurance activities.
Risk assessors, loss surveyors and loss adjusters now have until July 10, 2027, to comply with their professional rules. These require independence and impartiality, avoidance of conflicts of interest, and documentation supporting technical reports. For insurers and MGAs, the compliance deadline has been extended by three months to January 21, 2027. Their framework requires MGA registration and prohibits insurers operating in Egypt from dealing with unregistered agents. MGAs provide services such as underwriting and claims settlement under agreements defining their delegated powers from reinsurers registered with the FRA.