Egypt – EGP 110 million claims in metro and train pool
Saturday, 07 21 2018, Category: Insurance and Reinsurance, Country: Egypt
Mr. Mohamad Abu Alyazid head of the “Underground-Metro & Highways Accident Risks Insurance Pool” said that the pool paid claims of EGP 110 million related to trains and the metro and EGP 52 million for highways from year 2003 to 2017.
Moreover, the pool plays in important role in compensating the victims of accidents noting that the value of indemnity was increased from EGP 20 thousand to EGP 30 thousand since last February for every death or disability caused by accidents related to trains, the metro and highways.
Source: Auto Ahram