Financial Authority Sets 2027 Deadline for Insurance Fixes

The General Authority for Financial Control has issued a decision to extend the deadline for insurance companies to comply with the provisions of the Unified Insurance Law No. 155 of 2024 until July 11, 2027. The original deadline was set for July 2026. The aim of this decision is to facilitate institutions, improve the efficiency of insurance products, and enhance their attractiveness through innovation and digital solutions. This move is part of the Authority’s efforts to develop the insurance sector, which has included the issuance of more than 80 regulatory decisions over two years to ensure the sector keeps pace with economic and regulatory developments.

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