UAE: Zurich & Standard Chartered in 10-year bancassurance deal
Source: Middle East Insurance Review | Jun 2017
Zurich International Life Limited (Middle East) and Standard Chartered Bank have signed an exclusive 10-year distribution agreement to offer life insurance in the UAE.
Under the agreement, Standard Chartered Bank will offer Zurich’s comprehensive life insurance solutions to its customers in the UAE for the next 10 years, said a press release.
“This agreement is designed to deliver quality insurance propositions to UAE customers and help raise awareness on the importance of protection,” the statement added.
“Thanks to this distribution agreement, our clients in the UAE will now have better access to high quality, tailored life insurance products and services that suit their savings and protection needs,” said Mr Gautam Duggal, Regional Head of Wealth Management for Africa, the Middle East and Europe - Head of Wealth Management for the UAE, Standard Chartered Bank.
“Zurich is a global insurance leader, and we have been offering financial solutions to UAE customers through distribution partners for almost 30 years. This agreement underlines Zurich’s continued commitment to the region and reinforces its market leading position,” said Mr Walter Jopp, CEO of Zurich Middle East. M