Bahrain National Insurance (bni), Bahrain’s leading insurance company, Bahrain National Life Assurance (bnl), Bahrain’s only local life and medical insurance company, and Bahrain Development of Small and Medium Enterprises’ Society (BDSMEs), which works to support young entrepreneurs in pioneering businesses and develop private projects, by motivating them to grow in a business-friendly environment, announced the signing of a tripartite memorandum of understanding (MoU) to offer tailored insurance solutions for SMEs
The signing was attended by MP Ahmed Sabah AlSalloom, President of the Society, Mrs. Eman Mojali, Chief Executive Officer of Bahrain National Insurance, and Mrs. Enas Asiri, Chief Executive Officer of Bahrain National Life Assurance.
Supporting the objectives of Bahrain Vision 2030, the MoU provides a framework for cooperation on the development and offering of insurance products and solutions to the BDSMEs Society Small and Medium Enterprises. These products will provide business owners with flexible insurance solutions, tailored to their specific needs by giving them the peace of mind to focus on running and managing their businesses.
Mrs. Eman Mojali, CEO of the Bahrain National Insurance, said: “This initiative is in line with one of the strategic objectives of the Bahrain National Insurance and the Kingdom of Bahrain’s 2030 vision, which is extending support to small and medium-sized enterprises and contribute to the growth and success of their entrepreneurial experience, which would, in turn, have a direct and significant impact in enahancing the entrepreneurial climate in the Kingdom of Bahrain.”
Mrs. Enas Asiri, CEO of Bahrain National Life Assurance, said: “I am pleased to sign the memorandum of understanding with BDSMEs Society, as this initiative comes alongside a bundle of initiatives and programs offered by the Bahrain National Life Assurance to support small and medium enterprises and to cover all their insurance requirements. Specifically, our newly launched medical insurance product, “nmou” which is a comprehensive healthcare plan designed exclusively for small and medium enterprises to support their workforce for healthier business performance.”
MP Ahmed Sabah AlSalloom applauded the support provided by the Bahrain National Insurance and the Bahrain National Life Assurance in strengthening and developing the national economy in line with the Economic Vision 2030 of the Kingdom of Bahrain by supporting the SME sector and entrepreneurship.