The Egypt Financial Regulatory Authority has extended to Oct. 31 the period for professional insurance companies to regularize their status by meeting higher minimum capital requirements. The move delays the previous deadline of July 19 and gives affected firms more time to comply with the standards set in the authority's 2024 decision. Insurance brokerage and reinsurance brokerage companies must raise capital to EGP 5 million. Companies engaged in risk assessment, inspection and loss adjustment, and insurance consultancy expertise must raise capital to EGP 3 million. The authority said 82 of 132 companies across the affected activities have already met the minimum capital levels set under the Unified Insurance Law No. 155 of 2024, which is intended to strengthen firms' solvency and ability to absorb risks.
Egypt Financial Regulatory Authority2026-07-14
Egypt Financial Regulatory Authority extends deadline for insurance professional firms to meet higher minimum capital requirements to Oct. 31
The Egypt Financial Regulatory Authority extended to Oct. 31 the deadline for insurance professional firms to meet higher minimum capital requirements, from the previous July 19 cutoff. Brokerage and reinsurance brokerage firms must reach EGP 5 million in capital, while risk assessment, loss adjustment and insurance consultancy firms must reach EGP 3 million.