Under the terms of the deal, UAB will offer Zurich’s range of motor, home and travel insurance cover, with further specialist insurance products, including personal accident to follow shortly.
The agreement comes after a recent survey carried out by Zurich and YouGov found that only 6% of residents in the United Arab Emirates have home contents insurance, compared to 76% in the United Kingdom.
Chief executive at United Arab Bank, Paul Trowbidge, said: “Besides motor and health insurance, residents in the UAE often underrate the importance of having proper coverage to mitigate risks associated with home, travel and personal accidents.”
Zurich’s insurance products will be extended to UAB customers throughout its expanding network of branches across the UAE.
UAB’s relationship managers will be able to instantly provide quotes and issue policies on-the-spot using an online application, and customers will also be provided with a dedicated toll-free number to request quotes, purchase insurance cover and process claims directly with Zurich’s contact centre.
