Bank Muscat, AXA widen partnership to offer innovative insurance solutions

MUSCAT: Bank Muscat, the flagship financial services provider in the Sultanate, and AXA, the number one global insurance brand, signed an agreement to widen partnership to offer a bouquet of innovative insurance solutions to the bank’s customers. Abdul Razak Ali Issa, Chief Executive, and Cedric Charpentier, Chief Executive Officer, AXA Insurance Gulf, signed the agreement at a ceremony held at the bank’s head office, attended by senior officials from Bank Muscat and AXA Insurance.
Abdul Razak Ali Issa said: “Bank Muscat is proud to reinforce the unique partnership agreement with AXA and widen the scope of partnership in order to offer a wide range of bespoke bancassurance products for customers.
The Bank Muscat–AXA partnership is a fine example of co-operation between companies aimed at serving customers with niche products and services. The synergy emanating from the partnership is unparalleled and the unique value proposition for customers is designed to elevate the banking and insurance experience in Oman.”
Marking a milestone in the strategic partnership in place between Bank Muscat and AXA Insurance since 2013, the one-stop facility for bespoke bancassurance products now include Auto, Home, Savings and SME solutions, in addition to Life and Health.
With the new agreement, Bank Muscat customers can now buy insurance of Motor, Home, Yacht, High Value Home contents (Art) and SME solutions through dedicated insurance advisers in the bank premises.