Emirates Money and MetLife sign preferred partnership agreement

1 Min | 13 January 2015

Emirates Money, a subsidiary of Emirates NBD, entered into a preferred partnership agreement with MetLife

Dubai, January 13, 2015: Emirates Money, a subsidiary of Emirates NBD, entered into a preferred partnership agreement with MetLife, a global provider of insurance at a ceremony held today, January 12, 2015.

Through this partnership, MetLife will provide Emirates Money's corporate and individual customers a range of tailor-made insurance solutions, which will help them safeguard for the future. The partnership will especially benefit Emirates Money's strong SME client base in the UAE.

This partnership is expected to cater to the growing need for simple and affordable insurance solutions in the UAE, which is significantly under-insured by global standards.

Speaking about the partnership, Suvo Sarkar, Chairman, Emirates Money, said: "We are delighted to be entering into a preferred partnership agreement with MetLife which further reinforces our customer product proposition. Emirates Money's strong legacy as a trusted consumer finance firm in the UAE, combined with MetLife's stature as a global leader in the life insurance segment, provides further synergy to make this partnership a great success."

Emirates Money customers will have a dedicated insurance specialist team to assist customers in choosing the most appropriate proposition for their requirements.

Speaking at the signing ceremony, Theo Alexandrescu, General Manager – Gulf – MetLife, said: "MetLife is very pleased to sign this agreement, adding a new distribution channel to serve a broad range of new individual and corporate customers, including the relatively under-served SME segment, and offer MetLife's comprehensive product range and customer service support. Customer centricity is a common feature of both our operations and we will complement each other very strongly in this area for the benefit of our shared customers. We already enjoy a strong working relationship with Emirates NBD, and now with Emirates Money we will extend and develop this even further."

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