AAIB pens bancassurance agreement with AXA Egypt

ArabFinance: Arab African International Bank (AAIB) has signed a five-year bancassurance agreement with AXA Egypt, offering enhanced, outstanding insurance services to its customers, the bank announced in an emailed statement.

The new deal falls in line with the banks strategy to deliver the best financial and non-financial services and quality products with added-value services to meet its customers needs.

Under the deal, more than 20 products of AXA Life Insurance Egypt and AXA General Insurance will be available to AAIB customers across 42 main branches, enabling them to enjoy a range of AXA products, including health and life insurance as well as savings and protection plans.

We are glad to tie up with AXA, given its international legacy and successful record in Egypt. This partnership is aligned with our main strategy pillars: Financial resilience, customer centricity, agility, and innovation. The AAIB and AXAs partnership will offer a wide range of insurance products that are tailor made to suit our customers requirements and attain their satisfaction, creating a positive impact on society, Sherif Elwy, Managing Director and Vice Chairman of AAIB, stated.

We are proud of this partnership which aligns with AXAs strategy to expand in Egypt by reaching a larger customer base via new distribution channels, Ayman Kandeel, the Managing Director of AXA Life Insurance Egypt and Chairman of AXA General Insurance, commented.

For her part, Dina Zikry, the Head of Consumer Banking and Financial Inclusion at the AAIB said that the insurance plans offered by AXA through the banks branches are selected based on the branchs density, as they include program developed specifically for our customers to help them set their plans.

This approach will enable us to offer seamless, resilient services based on the customers choices that match their needs and plans, Zikry added.