Egypt’s FRA extends capital hike deadline for insurance brokers by 6 months

Egypt’s Financial Regulatory Authority (FRA) has extended by six months the deadline for insurance and reinsurance brokerage firms to raise their capital, in a move aimed at strengthening the financial resilience of companies operating in the sector.

In a statement on Sunday, the FRA said the decision also applies to risk assessment, inspection and loss adjustment, insurance consultancy, and actuarial firms operating in the Egyptian market.

Under Decision No. 4 of 2026, companies are required to submit a detailed timetable outlining the stages of their capital increases within one month of the decision’s publication. The regulator also barred companies from distributing cash dividends before meeting the minimum capital requirements, unless prior approval is obtained from the FRA.

The capital increase requirement was first introduced in January 2025, when the regulator gave companies one year to comply.

Insurance and reinsurance brokerage firms must raise their capital to a minimum of 5 million Egyptian pounds ($106,021), while firms engaged in risk assessment, inspection and loss adjustment, insurance consultancy, and actuarial services must raise capital to at least 3 million pounds by June 2026, the FRA said.

The extension is intended to give companies additional time to meet regulatory requirements and reinforce their financial positions, the authority added.

Attribution: Amwal Al Ghad English