Kuwait-based Warba Insurance Company said it has signed a partnership agreement with Takaud, a specialist savings and pensions provider based in Bahrain, for promoting its key life offerings and solutions.

As per the MoU, Warba Insurance will be utilising Takaud’s back-office investment solutions to expand the attractiveness of its wide range of life insurance offerings to clients.

The deal was signed by Takaud's vice chairman Mazen Hawwa and Warba’s chief executive Anwar Al Sabej at a special ceremony held recently at the Warba head office in Kuwait.

Warba Insurance is one of Kuwait’s largest insurance solutions provider and insurance underwriters, offering a comprehensive range of products under both life and non-life lines of business.

Using a state of the art investment platform, Takaud offers a wide range of savings, investment and pension solutions to individuals (both citizens and residents) and corporate clients across the Mena region.

Commenting on the deal, Hawwa said: "This partnership will offer Warba’s clients a new experience of sophisticated, managed investment products that are positioned to create more value by way of access to Takaud’s expertly chosen and managed selection of mutual funds and investment strategies."

"Warba Insurance is an impressive addition to our select list of business partners," he stated.

"As the regional specialist for savings and investment solutions, we at Takaud look forward to offering our platform and range of actively-managed investment solutions to Warba’s extensive local and regional client base," he added.

Al Sabej said the Kuwaiti insurer was committed to constantly developing and improving its range of risk management and insurance services, empowering its clients to secure their present and future.

"The collaboration between our two companies allows Warba to add value to our wide range of financial and insurance services," he added.-TradeArabia News Service