The agreement will enable the bank to offer customers a complete range of insurance products through its retail network.
Kris Babicci, chief executive officer of CBI, said: “This agreement falls in line with our strategy of building long-term partnerships to deliver value based products and services to our customers. We are offering a comprehensive, yet simple range of insurance solutions aligned with our customer’s protection and insurance needs. We will continue to invest in customer centric products, enhance customer service and increase network presence to support growth.”
Speaking on the occasion, Patrick Choffel, CEO of Oman Insurance Company, the largest insurance company in the UAE and second largest in the Middle East, said: “This strategic partnership with CBI is a win-win for us as we will be able to offer our products and services to a wider audience. We enjoy tremendous goodwill in the market and this strength complements the bank’s captive clientele with which there is a perfect fit for our insurance products. Our exhaustive product range and acknowledged service strengths are sure to add value to CBI’s customers.”
As part of the agreement, CBI will offer select Bancassurance products through its retail network.
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