The Egypt Financial Regulatory Authority issued a decision extending by a further six months the period for insurance and reinsurance brokers and certain insurance service firms to meet minimum capital requirements. The decision also requires firms to submit a staged timetable for their capital increases within one month of publication and restricts cash dividend distributions until minimum capital is met unless the Authority issues a no-objection. Minimum capital is set at EGP 5 million for insurance brokerage and reinsurance brokerage firms, and EGP 3 million for firms providing risk assessment, inspection and loss assessment, insurance consultancy and actuarial expertise services, with compliance required by June 2026. The extension follows a January 2025 requirement for the same categories of firms to increase capital within one year.
Egypt Financial Regulatory Authority 2026-02-01
Egypt Financial Regulatory Authority extends capital increase deadline for insurance intermediaries to June 2026 with EGP 5 million and EGP 3 million minima
The Egypt Financial Regulatory Authority extended the deadline by six months for insurance and reinsurance brokers and certain insurance service firms to meet minimum capital requirements. Firms must submit a staged timetable for capital increases within one month and are restricted from distributing cash dividends until compliance, unless a no-objection is issued. Minimum capital is EGP 5 million for brokerage firms and EGP 3 million for service firms, with compliance required by June 2026.