ALEXBANK Launches Bancassurance with MetLife Alico

ALEXBANK (a member of the Intesa Sanpaolo Group) and Pharaonic American Life Insurance Company -MetLife Alico, one of the region’s leading insurance companies, launched a strategic partnership to provide comprehensive Bancassurance solutions to 1.6 million customers, across the bank’s network of 170 branches spread across the country.

The partnership will offer a comprehensive range of products, unprecedented, to help customers save towards their goals such as children’s education, marriage or retirement as well as ensuring the family protection against unforeseen events.

During the ceremony that has been held to announce the launching of the strategic partnership, Julio Garcia-Villalon – Chairman and Regional Head, Middle East & Africa – MetLife, commented, “ MetLife is honored to launch this partnership agreement with ALEXBANK, and we have the firm commitment to work together with a view to setting new standards across the Bancassurance industry in terms of customer experience as well as best in class products and services to ALEXBANK customers”

Bassel Rahmy, Chief of Retail & SME Banking Group – ALEXBANK, said “The partnership between MetLife Alico and ALEXBANK is unique in that we have taken a market specific  outlook in really defining what the market needs in terms of Bancassurance products.

CNA- AHMED ELHOSAINY