Takaud, a specialist provider of savings, investment, and pension solutions for the Middle East and North Africa (Mena) region, has joined forced with Bahrain Kuwait Insurance Company (BKIC) to protect the people of Bahrain and the region, by helping them take better care of their tomorrows.

 

The two Bahrain-based financial institutions have signed a memorandum of understanding (MoU) aimed at creating strong synergies between the two institutions, which in turn enhances the customer offerings and experiences for both firms, said a statement.

 

The partnership will allow both providers to explore areas of cooperation that will enhance their respective customer propositions, it said.

 

The areas of co-operation will include providing BKIC's customers with information about Takaud smart-saving programmes, including Employee Savings Plans for corporations, and financial consultancy and wealth management services for individuals of all income levels.

 

Takaud customers, in turn, will get access to information about insurance products from group life insurance programmes for corporations to domestic-worker, house and car insurance for families.

 

Luc Metivier, Takaud's chief executive officer, said: “Insurance and smart savings are products that everyone knows they need but it isn’t always easy for people to get access or information about these services.

 

“Our partnership with BKIC brings information about Takaud smart savings to BKIC outlets and their website at the same time as Takaud links its customers to BKIC insurance products. It is a natural partnership of financial products to make people’s lives easier, more secure and simply better.”

 

Ebrahim Al Rayes, BKIC’s CEO, said: “Now, when BKIC agents talk to our corporate and individual customers about car and medical insurance, we can also let them know how they can create smart-savings plans to secure their future. 

 

"Both BKIC and Takaud are about making tomorrow better. We protect people from dangers that can hurt their homes and families; Takaud protects them by helping to ensure their futures are as bright as or better than today.” - TradeArabia News Service