Bank Muscat joins hands with MetLife
A 10-year agreement has been signed to offer a bouquet of innovative insurance solutions to the bank’s customers.
Times News Service
MUSCAT: Bank Muscat, flagship financial services provider in the Sultanate, and MetLife, one of the world’s leading financial services companies, signed a 10-year agreement to offer a bouquet of innovative insurance solutions to the bank’s customers.
Abdul Razak Ali Issa, Chief Executive of Bank Muscat, and Julio Garcia Villalon, Regional Head, Middle East & Africa (MEA) of MetLife, signed the agreement at a ceremony held at the bank’s head office, attended by senior officials from both organisations.
“Bank Muscat is proud to sign the agreement with MetLife and widen the range of bespoke bancassurance products for customers. We value the support received from strong partners such as MetLife, which we believe will enhance our reputation as one of the leading banks in the region. The insurance market in Oman is projected to grow at the fastest annualised average pace of 12.1 per cent till 2021,” Issa said.
“The premium growth in Oman is likely to be driven largely by macro factors such as population growth, infrastructure development and revival of business activity. This partnership serves to provide a superior experience to our customers, with a focus on helping them meet their evolving insurance needs over the long term,” he added.
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