Egypt Financial Regulatory Authority (FRA) instructed the Egyptian Compulsory Insurance Pool for Civil Liability arising from motor vehicle accidents to travel to Monufia governorate to meet families of those killed or injured in the Monufia accident and help them complete the required documentation to speed up compensation payments, including EGP 100,000 per death. The FRA reiterated that the pool’s policy covers deaths and bodily injuries resulting from car accidents. Compensation for injuries is determined based on the disability percentage assessed by the medical commission, and claims are paid through the Egyptian Compulsory Insurance Pool as the competent entity under the new insurance law.
Egypt Financial Regulatory Authority 2025-07-01
Egypt Financial Regulatory Authority directs mandatory motor insurance pool to fast-track EGP 100,000 death compensation for Monufia accident victims
The Egypt Financial Regulatory Authority directed the Egyptian Compulsory Insurance Pool for Civil Liability to assist families affected by the Monufia accident in expediting compensation claims, including EGP 100,000 per death. The pool's policy covers deaths and injuries from car accidents, with compensation for injuries based on disability assessments by the medical commission.