Allianz Egypt renews partnership with Crédit Agricole Egypt for four years

Allianz Egypt, the leading insurance company in the country, renewed its Bancassurance agreement with Crédit Agricole Egypt, a subsidiary of the Crédit Agricole Group, one of the world's leading institutions in the banking sector, for another four years.

The renewal of the cooperation agreement aims to provide an array of comprehensive insurance services and solutions through Credit Agricole Egypt’s multiple distribution channels that target different segments in order to expand Allianz Egypt's customer base while providing the best insurance services to the bank’s customers.

The signing ceremony was held in May 2023. Mr. Ayman Hegazy, Chairman and CEO of Allianz Egypt, and Mr. Charles Tawdros, Managing Director of Allianz Life Assurance, signed the deal on behalf of Allianz Egypt. Crédit Agricole Egypt was represented by its Chairman and Managing Director, Mr. Jean-Pierre Trinelle, and Deputy Managing Director Mr. Walie El-Din Lotfy. The ceremony was also attended by Mr. Khaled Ali, Deputy Managing Director of Allianz Insurance Company.

"At Allianz, we look forward to building on the achievements we have realized through our alliances with the prominent banks operating in the banking industry in Egypt regarded as some of the first alliances to offer Bancassurance services. Among those partnerships is our cooperation with Crédit Agricole Egypt, which has been reflecting our shared vision, values, and mutual trust for almost 20 years now," Mr. Ayman Hegazy stated.

“Through this partnership, we aim to offer and manage all financial and insurance services relating to life, property, and casualty insurance under one roof, integrating citizens of different segments and age groups to achieve financial inclusion, in addition to increasing the company's market share and produce a stable financial performance for the non-banking financial industry,” Hegazy added.