Egypt: Losses from auto accidents exceed $3 bln in 2015

Source: Middle East Insurance Review | Oct 2016

The cost of motor accidents in Egypt last year is estimated at EGP30.2 billion (US$3.4 billion) with the total number of accidents involving vehicles reaching 14,500, according to a statement issued by the Central Agency for Public Mobilisation and Statistics (CAPMAS).

The accidents caused around 25,500 casualties including deaths, a decrease by 16% from 2014.

In a breakdown, the data show that EGP24.1 billion is the total estimated cost of the 6,203 deaths caused by motor accidents last year; EGP3.7 billion in the case of the 15,847 injured and EGP0.6 billion for the 3,479 people who sustained minor injury. Insurers paid EGP1.8 billion in compensation as a consequence of the accidents, reported Bourse News.

Most of the accidents were caused by human error and the technical condition of vehicles.

EGP1 = US$0.11

Comment | Print

Name*

Email*

Comment*

Code Verification*

Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.