Zurich and Standard Chartered Sign 10-Year Exclusive UAE Distribution Agreement

Landmark deal will help to deliver quality life insurance solutions to customers in the UAE

Dubai, United Arab Emirates, 8th May, 2017:  Zurich International Life Limited (Middle East) (Zurich) and Standard Chartered announced today the signing of an exclusive distribution agreement. As part of it, Standard Chartered will offer Zurich’s comprehensive life insurance solutions to its customers in the United Arab Emirates (UAE) for the next 10 years. 

This agreement is designed to deliver quality insurance propositions to UAE customers and help raise awareness on the importance of protection.

“We are pleased to work together with Zurich to introduce best-in-class insurance solutions for our clients across the network in the Middle East” said Gautam Duggal, Regional Head of Wealth Management for Africa, the Middle East and Europe - Head of Wealth Management for the UAE, Standard Chartered Bank. “Thanks to this distribution agreement, our clients in the UAE will now have better access to high quality, tailored life insurance products and services that suit their savings and protection needs.”

While signing the distribution agreement, Walter Jopp, CEO of Zurich Middle East, said: “I am delighted to formalise our cooperation with Standard Chartered in the UAE. The bank’s focus on customer centricity, paired with Zurich’s long standing expertise in the region, will allow us to fulfil customers’ financial needs. Zurich is a global insurance leader and we have been offering financial solutions to UAE customers through distribution partners for almost 30 years. This agreement underlines Zurich’s continued commitment to the region and reinforces its market leading position.”