In a strategic move set to redefine the landscape of insurance services in Bangladesh, City Bank has officially entered into a pivotal agreement with Pioneer Insurance Company Limited. The partnership, unveiled at a signing ceremony hosted at City Bank’s headquarters, marks a significant step towards offering non-life insurance policies under the Bancassurance framework.
The signing ceremony, held on Tuesday, saw top executives from both City Bank and Pioneer Insurance coming together to cement this groundbreaking alliance. Mashrur Arefin, the Managing Director and CEO of City Bank, along with Syed Shahriyar Ahsan, the CEO of Pioneer Insurance Company Limited, signed the agreement on behalf of their respective organizations.
Under the terms of this agreement, City Bank will extend insurance policies to its clientele, facilitated by Pioneer Insurance Company Limited. This move is in strict adherence to the Bancassurance guidelines set forth by Bangladesh Bank and Idra, ensuring compliance and regulatory standards.
Speaking on the occasion, Mashrur Arefin, MD & CEO of City Bank, expressed his enthusiasm about the partnership, highlighting its potential to provide enhanced financial security to City Bank’s customers. He emphasized City Bank’s commitment to delivering comprehensive financial solutions tailored to the evolving needs of its clientele. The agreement signals a new era of collaboration between City Bank and Pioneer Insurance, poised to redefine the insurance landscape in Bangladesh by offering accessible and comprehensive insurance solutions to customers.
As the partnership unfolds, both City Bank and Pioneer Insurance remain steadfast in their commitment to delivering excellence in financial services, driving positive change, and fostering financial security for individuals and businesses across Bangladesh.
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