New law on actuarial activities in Egypt

The Unified Insurance Law, promulgated in July 2024, now authorizes the Financial Regulatory Authority (FRA) to grant licenses to actuarial companies.

The new legislation requires those wishing to establish an actuarial business to submit an application to the FRA, along with a feasibility study, the company's articles of association and registration in the Commercial Registry.

The minimum capital requirement for actuarial activities in the country is set at 3 million EGP (62 040 USD).