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Friday, February 23, 2024

Allianz renews bancassurance tie-up with Emirates NBD-Egypt 


Allianz Egypt has renewed its partnership with Emirates NBD-Egypt, aiming to supply an in depth vary of life and property insurance coverage services and products.  

This collaboration, which has been prolonged for 5 years, is facilitated by means of the financial institution’s department community and targets varied buyer segments.  

It focuses on enhancing the service mechanism to cater to all buyer wants underneath one roof. 

The renewal builds on greater than twenty years of collaboration between the 2 entities, which started in 2003.  

Allianz Life Insurance coverage Firm managing director Charles Tawdros mentioned: “At Allianz Egypt, we take pleasure in our strategic collaboration with Emirates NBD by means of selling our insurance coverage providers within the financial institution’s 67 branches.  

“We assist monetary inclusion by means of offering insurance coverage providers for about 35,000 purchasers belonging to totally different age teams and social segments. our purchasers have acquired virtually 49,000 insurance policies. Allianz Egypt has put ahead totally different insurance coverage packages for round 100,000 of Emirates NBD’s bank card holders together with roadside help, digital wallets, and medical consultations.”  

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Emirates NBD CEO and managing director Amr El Shafei mentioned: “By our strategic partnership with Allianz, Emirates NBD-Egypt has been providing built-in insurance coverage applications that meet the totally different necessities of our purchasers, enriching the worth of our providers.  

“We now have a shared imaginative and prescient with Allianz, as we purpose to supply options that allow our purchasers to plan and spend money on a wide selection of merchandise offered by Allianz.” 

As an affiliate of Sanlam Allianz Africa, Allianz Egypt is actively pursuing partnerships with main banks within the nation.  

This technique is a part of the corporate’s efforts to broaden its shopper attain and enhance its market share inside the Egyptian insurance coverage sector.  

In a transfer to additional broaden its bancassurance providers, Allianz Life Assurance Firm Egypt, final month, entered an alliance with Suez Canal Financial institution. 


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