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The Egyptian Financial Regulatory Authority (FRA) has extended, by six months, the deadline for insurance and reinsurance brokers to increase their capital.
This decision also applies to companies specializing in risk assessment, inspection, damage assessment, insurance consulting, and actuarial expertise.
The aforementioned entities must comply with the minimum capital requirements below by 30 June 2026:
- Insurance and reinsurance brokers: 5 million EGP (106 090 USD)
- specialized companies: 3 million EGP (63 650 USD)
The companies concerned must also draw up a timetable detailing the stages of their capital increase and submit it to the FRA within one month.
