Iskan, Allianz to cover Egyptian e-payment provider E-Finance’s ATMs

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Egypt’s Iskan Insurance Company and Allianz Egypt are assigned to cover the Egyptian electronic payment gateway E-Finance’s ATMs nationwide, said Smart for Insurance Brokerage (SIB) on Saturday.

Iskan will provide the insurance cover for E-Finance’s ATMs including fire, burglary, and other basic insurance areas, with total sum insured of 260 million Egyptian pounds ($14.5 million), said SIB’s executive director Amria El-Hariry to Amwal Al Ghad.

Allianz, on the other hand, will provide cover for civil liability, with total sum insured of 10 million pounds, El-Hariry added.