Allianz renews bancassurance tie-up with Emirates NBD-Egypt 

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

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

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

The renewal builds on greater than 20 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 via selling our insurance coverage companies within the financial institution’s 67 branches.  

“We help monetary inclusion via offering insurance coverage companies for about 35,000 shoppers belonging to completely different age teams and social segments. our shoppers have acquired nearly 49,000 insurance policies. Allianz Egypt has put ahead completely 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 way of our strategic partnership with Allianz, Emirates NBD-Egypt has been providing built-in insurance coverage packages that meet the completely different necessities of our shoppers, enriching the worth of our companies.  

“We’ve a shared imaginative and prescient with Allianz, as we goal to supply options that allow our shoppers to plan and spend money on a wide selection of merchandise supplied 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 develop its bancassurance companies, Allianz Life Assurance Firm Egypt, final month, entered an alliance with Suez Canal Financial institution. 

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