Bahrain National Insurance (bni), Bahrain’s leading insurance company, Bahrain National Life Assurance (bnl), Bahrain’s only local life and medical insurance company, and The Collective Hub Powered by Tenmou, Bahrain’s leading community Co-working space for both startups and investors announced the signing of a Tripartite Memorandum of Understanding (MoU) to offer tailored insurance solutions to the Collective Hub’s community.
Present at the signing ceremony were Mr. Nawaf AlKoheji, CEO of Tenmou, Eman AlGhanami,
Senior Manager – Medical, bnl, Ammar Al Raees, Senior Manager - Business Development, bni and Shaikha AlQasim, Manager - Medical Underwriting, bnl.
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 Collective Hub’s startups and investors. The insurance products will be designed specifically to protect startups and small to 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. Enas Asiri, CEO of bnl stated; “I am extremely pleased to sign the MoU with The Collective Hub and appreciate that they shared with us their platform to launch our new 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.”
“The MoU is completely aligned with bnl's efforts to enhance cooperation with small and medium enterprises in the Kingdom. By offering such competitive health insurance packages and services for SMEs and startups, we emphasize our commitment & support towards the growth and development of the industry” she added.
Mr. Mohamed Al Maraj, Chief Officer - General Insurance at bni commented: “bni places high importance in supporting the SME sector and we are extremely pleased to sign the MoU with our distinguished partner. The solutions offered through this MoU are aligned with bni’s strategy and Bahrain Vision 2030 and will offer significant support to SMEs, who represent enormous growth potential.”
Mr. Nawaf AlKoheji, CEO of Tenmou, said: “We are honored to cooperate with bni & bnl, key players in the insurance industry in the Kingdom. This partnership will support us in achieving growth in our partnership base and provide added value to the co-working space community. It is exciting to see how our efforts in connecting startups with different partners and support them in creating new growth opportunities and help them make more significant economic impact.”