{"id":88709,"date":"2023-06-19T01:45:09","date_gmt":"2023-06-18T22:45:09","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=88709"},"modified":"2023-06-19T01:45:09","modified_gmt":"2023-06-18T22:45:09","slug":"allianzcredit-agricole-egypt-renew-partnership-to-promote-financial-inclusion","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/allianzcredit-agricole-egypt-renew-partnership-to-promote-financial-inclusion\/","title":{"rendered":"Allianz,Cr\u00e9dit Agricole Egypt renew partnership to promote financial inclusion"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\"><a href=\"https:\/\/www.csregypt.com\/en\/allianz-egypt-unicef-team-up-to-upskill-400000-youths-since-2008\/\">Allianz<\/a> Egypt, the leading insurance company in the country, renewed its Bancassurance agreement with <a href=\"https:\/\/www.ca-egypt.com\/en\/personal-banking\/\">Cr\u00e9dit Agricole Egypt<\/a>, a subsidiary of the Cr\u00e9dit Agricole Group, one of the world&#8217;s leading institutions in the banking sector, for another four years to offer better insurance services and promote financial inclusion.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The renewal of the cooperation agreement aims to provide an array of comprehensive insurance services and solutions through Credit Agricole Egypt\u2019s multiple distribution channels that target different segments in order to expand Allianz Egypt&#8217;s customer base while providing the best insurance services to the bank\u2019s customers.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Ayman Hegazy, Chairman and CEO of Allianz Egypt, and Charles Tawdros, Managing Director of Allianz Life Assurance, signed the deal on behalf of Allianz Egypt. Cr\u00e9dit Agricole Egypt was represented by its Chairman and Managing Director, Jean-Pierre Trinelle, and Deputy Managing Director Walie El-Din Lotfy. The ceremony was also attended by Khaled Ali, Deputy Managing Director of Allianz Insurance Company.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">&#8220;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 Cr\u00e9dit Agricole Egypt, which has been reflecting our shared vision, values, and mutual trust for almost 20 years now,&#8221; Ayman Hegazy stated.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cThrough 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&#8217;s market share and produce a stable financial performance for the non-banking financial industry,\u201d Hegazy added.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">On his part, Jean-Pierre Trinelle, said \u201cAt Credit Agricole Egypt, we are committed to delivering tailored solutions that meet the evolving needs of our valued customers. Hence, the bank has been keen to provide the necessary global financial and protection services that our customers seek, and this has enabled us to maintain a strong position in the realm of Bancassurance. Through collaborating closely with Allianz Group in Egypt, we have seized the opportunity to augment the value we bring to our customers, establish a shared digital development roadmap, and expand the scope of activities with a particular focus on non-life insurance and the non-individual customer segment.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Trinelle added that Credit Agricole and Allianz Egypt share the ambition to continuously improve their offerings and nurture strong customer relationships. He also highlighted both entities\u2019 dedication towards operational excellence, ensuring that they consistently provide exceptional Bancassurance coverage and deliver Top reference customer experience in Egypt.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Charles Tawdros praised the partnership agreement, saying: \u201cWe at Allianz Egypt take pride in our strategic corporation with Cr\u00e9dit Agricole Egypt as one of the important financial entities that started its operations years ago. We are optimistic about the expected outcome after the renewal of our agreement.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cThe insurance services of Allianz Egypt will be promoted through the bank\u2019s 83 branches across the country as per the agreement. The target sales are up to EGP 1 billion over four years based on the rules of the Bancassurance mechanisms stipulated by the CBE and the Financial Regulatory Authority,\u201d Tawdros explained.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Walie El-Din Lotfy said \u201cI am proud that the bank has successfully integrated the realms of banking and insurance by offering innovative Bancassurance services. Our strategic approach combines the expertise of both industries, allowing us to offer comprehensive financial solutions tailored to the diverse needs of our valued customers. By synergizing the strengths of banking and insurance, we aim to provide unparalleled convenience, protection, and growth opportunities for our clients, ensuring their financial well-being in an ever-changing world.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The renewal of the partnership between Allianz Egypt and Cr\u00e9dit Agricole Egypt, which first kicked off in 2003, came as part of the insurance company\u2019s pursuits towards offering its clients the finest insurance services and coverage that are appropriate for all segments while facilitating them through several marketing channels in the process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allianz Egypt, the leading insurance company in the country, renewed its Bancassurance agreement with Cr\u00e9dit Agricole Egypt, a subsidiary of the Cr\u00e9dit Agricole Group, one of the world&#8217;s leading institutions in the banking sector, for another four years to offer better insurance services and promote financial inclusion. The renewal of the cooperation agreement aims to [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":88710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,13329],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Allianz,Cr\u00e9dit Agricole Egypt renew partnership to promote financial inclusion - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Allianz Egypt renewed its Bancassurance agreement with Cr\u00e9dit Agricole Egypt for another four years to offer better insurance services and promote financial inclusion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/allianzcredit-agricole-egypt-renew-partnership-to-promote-financial-inclusion\/\" 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