4 Egyptian insurers vying to win National Air Services’ policy bid

Four insurance companies are competing to win an insurance policy tender launched by Egypt’s state-run National Air Navigation Services Co. (NANSC), said sources on Monday.

NANSC launched in late November a policy tender designed to insure its fleet vehicles, with a total sum insured of 30 million Egyptian pounds ($1.8 million).

The four insurers competing to win the tender are Misr Insurance, Arab Misr Insurance Group- GIG, Wethaq Takaful Insurance-Egypt, and Iskan Insurance, the official sources further told Amwal Al Ghad.

“The policy includes coverage of risks related to fire, theft, and civil liability that may occur to NANSC’s vehicles,” the sources said.