Ecobank partners five Nigerian insurers for Bancassurance

Ecobank’s Commercial Banking business has entered into a partnership with five insurance companies to offer Bancassurance solutions to Ecobank’s Small and Medium-sized Enterprise (SME) customers across markets where Ecobank operates.

This was contained in a recent press release by the bank.

According to the bank, the development will allow the customers of the bank to benefit from the convenience of being able to access relevant solutions for all their insurance needs.

Josephine Anan-Ankomah, Ecobank Group Executive, Commercial Banking explained that adding a comprehensive suite of Bancassurance solutions, in partnership with some of the most reputable insurance service providers across Africa, makes the bank a one-stop financial services hub.

She said, “The resilience of SME businesses is enhanced through the effective risk transfer that Bancassurance provides, while our solutions also offer our valued customers the satisfaction of knowing that they will have some protection, having learnt from the painful experiences of COVID-19.”