The decision extends the deadline, until Oct. 31, 2026, for insurance companies, reinsurance companies, non-resident foreign reinsurance brokers.
Document dated Jul. 22, 2026, received from EGY FRA Jul. 27, summarized Jul. 28.
On Aug.19, EGY FRA issued decision on registration of intermediaries.
EGY FRA issued Decision No. 158 of 2025 regarding the conditions for the registration of non-resident foreign reinsurance brokers; decision set broker, insurer obligations.
Document dated Aug. 19, 2025, received from EGY FRA Aug. 26, summarized Aug. 28.
Key Provisions
Set the requirements for registration of non-resident foreign reinsurance intermediary.
Application for registration include supporting documents proving compliance, together with reinsurance brokerage services contract with insurers operating in EGY market.
Feasibility study with business, operational plans, professional liability insurance policy.
The intermediary must provide certified statement of past reinsurance transactions in Egypt over preceding 3 years unless applying for the registration for the first time.
Registered reinsurance intermediaries comply with AML/CFT laws, transact only with reinsurers registered with EGY FRA, avoid conflicts of interest, maintain confidentiality.
Also provide professional advice to insurers on reinsurance programs when requested.
Breaches by registered reinsurance intermediaries may result in warnings, temporary suspension, temporary/permanent removal from register, including 3 years inactivity.
Effectiveness
Decision is effective the day following its publication in the official gazette, Aug. 20.
Entities must comply within 6 months of the decision’s effective date.
Mar. 2026 Deadline Extension
On Mar. 17, 2026, EGY FRA issued Decision 64 of 2026 extending compliance deadline set under Decision No. 158/2025, for insurance entities; the extended deadline for compliance with Decision No. 158/2025 requirements runs until Jul. 10, 2026.
Jul. 2026 Deadline Extension
On Jul. 11, 2026, EGY FRA decided to extend deadline granted for adjusting conditions regarding requirements and standards for registering non-resident foreign reinsurance intermediaries, to Oct. 31, 2026; current compliance period ended Jul. 10, 2026.
Document dated Jul. 11, 2026, received from EGY FRA Jul. 14, summarized on Jul. 16.
Deadline extended to facilitate matters for the parties in the insurance market until the standards stipulated in EGY FRA's Decision No. 158 of 2025 are met.
