Boubyan Bank announced the signing of a partnership agreement with Boubyan Takaful Insurance Company, to provide a wide range of special offers and coverages for insurance products at competitive prices for Business Banking customers, as part of its expansion strategy in introducing new products and services to customers.

Head of Business Banking (SME), Zaid Al-Saadoun, said that this agreement is a milestone in consolidating and completing Boubyan Bank's strategy towards supporting its business clients, including individuals and companies, and granting them many advantages that can contribute to businesses growth, achieving high levels of productivity and encouraging the business environment.

He added that all department across the Bank spare no effort to support small projects, young Kuwaiti initiatives and emerging companies seeking to achieve their aspirations in the Kuwaiti market, which is witnessing an increasing growth of the private business sector.

Al-Saadoun highlighted that Boubyan Bank if focused on the youth, based on the “experiences we gained over the years, thus qualifying us to know all their needs and requirements, and embrace their ideas.”

The agreement

Regarding the content of the agreement, Al-Saadoun explained that it targets existing Boubyan customers of Business Banking (SME) to provide innovative and newly developed insurance solutions and coverages designed specially to cater to their needs and provide the necessary protection, safety and reassurance to continue managing their business without trouble and securing the insurance aspect of their project.

" Boubyan Takaful Insurance Company offers our Business Banking clients a special offer on their insurance needs against fires and associated risks, as this service provides full protection from fires, storms, hurricanes, earthquakes, floods and damages." He added.

Al-Saadoun listed a series of insurance services and the unique offers to Boubyan Bank’s clients including workers’ compensation, which compensates for bodily injury of the client’s employees resulting from accidents that occur onsite and in the course of doing business. Boubyan also provided SME owners with one of the most important and prominent insurance solutions, compensation for third-party liability (Boubyan client), which can be extended to avoid potential liabilities arising from the violation of the policy terms.