ABK-Egypt and MetLife Egypt Renew Their Partnership for Seven More Years Following a Decade of Success

بواسطة FinTech Gate في أغسطس 24, 2025

Cairo, 24 August 2025:

ABK-Egypt and MetLife Egypt Renew Their Partnership for Seven More Years Following a Decade of Success

Cairo, August 2025
Al-Ahli Bank of Kuwait – Egypt (ABK-Egypt) has announced the renewal of its successful bancassurance partnership with MetLife Egypt for an additional seven years. This renewal builds on a decade of fruitful collaboration and expands the pool of insurance coverage to the Bank’s customers.

The announcement was made during an official signing ceremony attended by Iman El-Essawy, Head of Retail Banking at ABK – Egypt and Walid Abdel Mohsen, Bancassurance Director at MetLife; and, along with senior executives from both organizations.

Commenting on this partnership Mr. Khaled El Salawy, CEO and Managing Director of ABK-Egypt stated: “In light of the outstanding performance and significant growth achieved in terms of volume of issued insurance policies, we are delighted to renew our successful partnership with MetLife, Life Insurance Company for another seven years. This reflects our confidence in the strength of this collaboration, as we continue to take solid steps to solidify our position in the Egyptian Bancassurance sector.”

Mr. Khaled El Salawy affirmed that ABK-Egypt is committed to delivering integrated and innovative financial solutions that meet the diverse needs of various customer segments. He added that Bancassurance services are a core pillar in the Bank’s growth strategy, and we look forward to continuing this fruitful partnership with MetLife to support mutual market growth and achieve further success.

“The partnership with ABK – Egypt reflects our ongoing commitment to advancing the bancassurance model as a core strategy for expanding insurance protection for individuals and families across the Egyptian market,” remarked Haitham Taher, Vice Chairman and Managing Director of MetLife Egypt. “With seven active bancassurance partnerships today, we remain focused on enhancing insurance accessibility in line with Egypt’s Vision 2030 and its financial inclusion goals. These partnerships go beyond product offerings; they are integral to building a more inclusive and sustainable financial system that supports long-term economic growth and fulfills evolving customer needs.”

In the same context, Iman El Essawy, Head of Retail Banking at ABK–Egypt, stated: “The renewal of our partnership with MetLife, Life Insurance Company marks the continuation of a successful strategic alliance that started in 2015. This renewal aims at further strengthening our collaboration through the provision of comprehensive and tailored insurance solutions for our customers via the Bank’s branch network, which now encompasses 46 branches nationwide. Throughout the previous phase of our partnership, MetLife has successfully disbursed claims under all circumstances, supporting our commitment and promise to serving the best interest of our customers.”

Through this partnership, MetLife provides a comprehensive range of insurance solutions designed to meet the needs of all customer segments through the different stages of their lives. These solutions include life insurance to ensure families’ financial security, financial protection plans that enable systematic savings for education, marriage, and retirement needs, in addition to personal accident insurance that shields individuals from unexpected financial burdens, and health coverage that guarantees access to high-quality medical care when surgical procedures are required.

Walid Abdel Mohsen, Bancassurance Director at MetLife Egypt, added: “We are thrilled to renew our partnership with ABK – Egypt, a collaboration that has consistently delivered real value to our customers and strengthened their confidence in our solutions. As we move forward, we aim to further expand our customer base and reinforce trust in our innovative financial solutions through strategic alliances with both local and international banking institutions.”