Sign In
Subscribe

Al-Ahli Bank of Kuwait-Egypt renews bancassurance partnership with MetLife

Vibrant umbrellas create a colorful canopy in Greater London, offering protection from sun and rain.

Egypt – Al-Ahli Bank of Kuwait – Egypt (ABK-Egypt) announced on Sunday the renewal of its bancassurance partnership with MetLife Egypt for an additional seven years, extending a collaboration that has spanned more than a decade and significantly expanded insurance coverage for the bank’s customers.

The renewal was formalized at a signing ceremony attended by senior executives, including Iman El-Essawy, Head of Retail Banking at ABK-Egypt, and Walid Abdel Mohsen, Bancassurance Director at MetLife.

Haitham Taher, Vice Chairman and Managing Director of MetLife Egypt, said the extended partnership underscored the company’s commitment to advancing the bancassurance model as a driver of financial inclusion. “With seven active bancassurance partnerships today, we remain focused on enhancing insurance accessibility in line with Egypt’s Vision 2030. These partnerships go beyond products; they support building a more inclusive and sustainable financial system that fosters long-term growth,” he said.

Khaled El Salawy, CEO and Managing Director of ABK-Egypt, described the renewal as a reflection of the partnership’s “outstanding performance and significant growth” in policy issuance. “This step reaffirms our commitment to offering integrated financial solutions, with bancassurance forming a cornerstone of our growth strategy,” he added.

Iman El-Essawy, Head of Retail Banking at ABK-Egypt, emphasized that since the partnership began in 2015, MetLife had consistently honored claims, reinforcing customer trust. She noted the agreement would strengthen cooperation in providing tailored insurance solutions through the bank’s 46 branches nationwide.

Under the agreement, MetLife will continue offering a range of products, including life insurance, savings-linked protection plans, personal accident coverage, and health insurance for surgical care. Walid Abdel Mohsen of MetLife said the renewal would allow both sides to broaden their customer base and enhance confidence in bancassurance solutions.

Source: ZAWYA

Top Stories

Related Articles

Shopping Cart

Media Kit

    Data Protection

    Personal Data (“Data”) submitted for Media Kit (“Media Kit”), and/or collected in the form of first name, last name, email address and other contact details may be used for the purposes of inviting you to future events and for reaching out to you with content which may be of interest to you. For these purposes, Coeus Intelligence will share the Data with our associate companies (including event and content sponsors) to promote their products and services. If you would like to opt-out, email us at [email protected].

    By clicking Submit, you acknowledge that you consent/ have sufficient informed consent to the collection, use and disclosure of Data as set out above.

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

            COVID-19
            Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

            Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

            The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

            Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

            Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

            Request Nomination Pack

            Error: Contact form not found.