News Column

Emirates NBD and MetLife sign deal

June 12, 2014

Emirates NBD, a leading bank in the region, entered into a strategic partnership with MetLife, a leading global provider of insurance, annuities and employee benefit programs, to provide comprehensive life insurance solutions to the bank's customers.

This long-term partnership was inked at a ceremony that took place at Emirates NBD's head office, where Suvo Sarkar, General Manager, Retail Banking & Wealth Management, Emirates NBD, and Mario Valdes, general manager, MetLife Gulf, signed the partnership agreement.

The UAE constitutes the largest life insurance market in the GCC with total gross premiums of $8 billion. Customer penetration is still in single digits and lags the more developed economies; however, this is growing at a healthy pace supported by rising incomes and the robust economic growth that the country is witnessing.

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Source: Khaleej Times (United Arab Emirates)

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