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Insurers to cover electronic payment provider's ATMs

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Egypt-based Smart for Insurance Brokerage said that local insurers Iskan Insurance Co. and Allianz Egypt Insurance Co. S.A.E. will provide insurance cover for electronic payment gateway E-Finance's ATMs across the nation, Amwal Al Ghad reported. Amria El-Hariry, executive director at SIB, said that Iskan will provide the cover for fire and burglary, with total sum insured of 260 million Egyptian pounds ($14.5 million), and Allianz will provide cover for civil liability, with total sum insured of EGP 10 million.

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