Egypt’s Financial Regulator Extends Insurance Capital Increase Deadline to October 31

The Financial Regulatory Authority has extended the deadline for professional insurance companies to meet minimum capital requirements to October 31, 2026.

• The board of the General Authority for Financial Regulatory Authority, chaired by Islam Azaam, issued the decision to extend the compliance deadline from July 19 to October 31.
• The decision affects insurance brokerage and reinsurance brokerage firms, which must raise capital to 5 million Egyptian pounds, and risk assessment and insurance consultancy firms, which must raise capital to 3 million Egyptian pounds.
• The authority stated that 82 of the 132 affected companies have already met the minimum capital requirement set under the unified insurance law.