The Egypt Financial Regulatory Authority said its chairman, Islam Azzam, has instructed the Egyptian Insurance Pool for Railway Accident Risks to expedite compensation payments to the families of victims of a train collision with a private car in Suez governorate. The authority also ordered an exceptional increase in compensation for each death to EGP 50,000 from EGP 30,000. The crash resulted in eight deaths. The authority directed the pool to contact victims' families immediately, pay compensation as soon as the required documents are completed, and continue monitoring any developments relating to death or injury cases if they arise.
Egypt Financial Regulatory Authority2026-06-12
Egypt Financial Regulatory Authority orders EGP 50000 compensation per death after Suez rail crossing crash
The Egypt Financial Regulatory Authority directed the Egyptian Insurance Pool for Railway Accident Risks to speed compensation payments after the Suez train collision. It raised compensation for each death to EGP 50,000 from EGP 30,000 and told the pool to contact families immediately and pay once documentation is complete.