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Bank Muscat, AXA join hands to offer insurance to SMEs

30 Jan 2021

Bank Muscat has announced the availability of high-quality and class-leading bancassurance plans through its tie-up with AXA Insurance, a global leader in insurance.

The newly-launched plans will in particular benefit entrepreneurs and owners of small and medium-sized enterprises (SMEs) in facing unexpected risks to their business activities and projects.

In a press release, Abdullah Tamman al Maashani, DGM – institutional sales and product development at Bank Muscat, said “Bank Muscat is very happy to continue its cooperation and strong partnership with AXA Insurance to provide a range of insurance products that meet the needs of a large segment of the bank’s customers. The new products will enhance customer satisfaction and provide insurance plans and solutions to support our customers’ business and projects, thereby supporting the national economy too.” 

Jonathan Jane, senior partnerships director and general manager of Oman and Bahrain at AXA Gulf, said, “We are pleased to partner with Bank Muscat to offer new and innovative insurance products for the SME sector, which is an important part of Oman’s economy and has the potential for improving economic diversification and creating 

employment. Our customers will be able to enjoy full peace of mind knowing that they have planned ahead to ensure unforeseen risks to their business and projects.”

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