Bank Muscat ties up with AXA Insurance to offer high-quality SME insurance

Business Saturday 30/January/2021 18:58 PM
By: Times News Service
Bank Muscat ties up with AXA Insurance to offer high-quality SME insurance

Muscat: In line with its vision ‘To serve you better, every day’ and its commitment to national development and financial inclusion, Bank Muscat, the leading financial services institution in Oman, has announced the availability of high-quality and class-leading bancassurance plans through its tie-up with AXA, a global leader in insurance.

The newly-launched plans will in particular benefit entrepreneurs and owners of small and medium-sized enterprises (SMEs) in facing unexpected risks to their business activities and projects.

Speaking on the occasion Abdullah Tamman Al Maashani, DGM - Institutional Sales & Product Development, said, “Bank Muscat is very happy to continue its cooperation and strong partnership with AXA Insurance, one of the largest insurance companies in the world, to provide a range of insurance products that meet the needs of a large segment of the bank’s customers. The new products will enhance customer satisfaction and provide insurance plans and solutions to support our customers’ business and projects, thereby supporting the national economy too.”

He thanked AXA Insurance for their continuous partnership with Bank Muscat and for enhancing the range of products and services.  

Jonathan Jane, Senior Partnerships Director and General Manager of Oman & Bahrain at AXA Gulf said, “We are pleased to partner with Bank Muscat to offer new and innovative insurance products for the SME sector, which is an important part of Oman’s economy and has the potential for improving economic diversification and creating employment. Our customers will be able to enjoy full peace of mind knowing that they have planned to ensure unforeseen risks to their business and projects. We are committed to being a trusted partner during these difficult times by helping find solutions to everyday problems, making things quicker, easier and more convenient.”

The new products will offer comprehensive covers that are tailor-made for each business according to their business activity and size. An expert team will advise customers on the best protection and covers needed specifically for their business. The new insurance products will be particularly helpful for SMEs operating in a number of sectors including construction, hospitality, IT sector, manufacturing, professional services, healthcare clinics, retail trading, travel and tourism, computers and IT products etc.

Bank Muscat offers a variety of bancassurance products that cover various customer segments. Life, health, home, motor and yacht insurance services are among some of the innovative products that are available through Bank Muscat Bancassurance, with great features and at a competitive value that suits customers.

Bank Muscat is the leading financial services institution in Oman and offers a one-stop facility for bespoke bancassurance products across multiple categories. Since 2013, the bank has been in a strategic partnership with AXA, a worldwide leader in insurance and asset management, offering a wide range of insurance products and services for corporates, SME and individual customers throughout the region.

With the bank’s vision to serve its customers better every day and with AXA’s purpose of acting for human progress to protect what matters, the strategic partnership between Bank Muscat and AXA enriches and enhances the customers’ experience and offers them innovative insurance solutions and access to a range of niche products and services including motor, home, savings, SME solutions, life and health insurance.