Egypt’s TE Data launches insurance policy tender for assets

Egypt’s internet service provider TE Data has launched an insurance policy tender designed to cover its assets, official sources said on Sunday.

At a total sum insured of around 1 billion Egyptian pounds ($62.3 million), the policy will see coverage of TE Data’s buildings, headquarters, and warehouses against fire, burglary, and additional risks, the sources told Amwal Al Ghad.

The policy also includes coverage of risks arising from civil liability, losses, cash transfer, and dishonesty, the sources said.