Mr Olalekan Balogun (left), Managing Director of UBA and Mr Darlington Munhuwani of Allianz Insurance launching the partnership

Allianz Insurance, UBA announce bancassurance partnership

Bernard Neequaye Business News Apr - 21 - 2021 , 09:34

Allianz Insurance, a subsidiary of global insurance giant Allianz Group, has announced a partnership with UBA Ghana to drive an innovative bancassurance strategy.

Through the partnership, over 20 branches of UBA across the country will offer customers personal insurance products such as Motor Insurance, Home Insurance and Travel Insurance, along with other financial services in a convenient manner.

Speaking at the media launch in Accra, the Chief Executive Officer at Allianz Insurance, Mr Darlington Munhuwani said: “We are pleased to partner with UBA Ghana, and confident that this partnership will give the bank’s customers access to a wide choice of specially-designed products and services. This will empower them to focus on their daily activities and businesses knowing they have protection against any insured loss”.

He explained that Allianz will continue exploring opportunities to partner with carefully selected local and international organisations, in order to secure the future of its customers and improve the distribution of insurance and risk management services in Ghana.

Commenting on the partnership, the Managing Director of UBA Ghana, Mr Olalekan Balogun noted that the partnership will offer more value to customers.

“This is a step in the right direction and UBA Ghana is excited to be partnering with Allianz Insurance to offer more value to our customers. As a customer-centric bank, we are focused on delivering superior banking products and services to our customers, and this partnership is evidence that we do more than banking," he said.

“UBA Ghana is driving innovation in retail banking, and this partnership will allow the bank to provide our diverse base of customers with the necessary benefit of insurance cover across the bank’s wide range of products incorporating technological innovations that are in line with the bank’s digital transformation agenda, in order to provide added value and convenience to our customers,” he said.

Mr Balogun added that the insurance product is open to all customers, particularly home owners, car owners, Small and Medium Enterprises, and expatriates.