Zurich and UAB in a 5-year partnership

Zurich Insurance Middle East has signed a 5-year agreement with United Arab Bank (UAB).

The partnership will cover , first , the distribution of motor, homeowner's and travel insurance of the insurer by UAB.

The bank would also market, shortly, Zurich's specialized insurance covers namely individual insurance.

The low insurance penetration in the MENA region makes it for Zurich, a key region for growth. In the UAE, only 6% of residents are covered by homeowner's insurance according to the company.