Allianz Egypt Signs partnership agreement with Suez Canal Bank to expand Bancassurance services

Allianz Egypt Signs partnership agreement with Suez Canal Bank to expand Bancassurance services

Cairo: Allianz Life Assurance Company Egypt - an affiliate of Sanlam Allianz Africa – signed a five-year partnership agreement with Suez Canal Bank to develop the scope of the company’s bancassurance services.

Life insurance services will be covered as per the agreement, a step expected to maximize the company’s competence in meeting the demands of clients and offering high-quality insurance services.

The move reflects Allianz’s perpetual commitment toward its clients, bringing about financial inclusion, offering digitally innovative state-of-the-art services as well as making use of the different partnerships it had entered to further expand and create new opportunities.

Allianz Egypt Chairman and CEO Mr. Ayman Hegazy, Allianz Life Assurance Managing Director Mr. Charles Tawdros along with Suez Canal Bank Chairman and Managing Director Mr. Hussein El-Refaie and witnessed the signing ceremony.

“We are proud of our partnership with Suez Canal Bank, reflecting our keenness on achieving a well-adjusted financial performance of banking and non-banking sectors in Egypt,” Mr. Hegazy stated.

The agreement conforms to the strategy of Allianz Egypt, which is based on different spectrums relying on efficiently investing in innovative solutions that are likely to push forward the Egyptian insurance sector toward a more sustainable future. The company has always been seeking to forge