Iskan wins $32.6 mln political violence insurance policy for mall developer

Egypt’s Iskan Insurance Company has won a policy bid launched by one of the companies operating in mall and administrative building establishment industry, an official told Amwal Al Ghad on Saturday.

Noman Ashour – General Head of Marketing, brokers, and Bancassurance at Iskan – told Amwal Al Ghad that the policy is a one-year renewable term, with total sum insured of 290 million Egyptian pounds ($32.6 million).

The policy involves insurance coverage for political violence, to insure the company’s headquarters, assets, and properties, Ashour added. It also provides coverage against risks arising out of terrorism, sabotage, unrest, and labours’ strike, revolutions, and wars.