29.01.2019

Stopanska banka becomes the largest insurance retail network on the market

In the year that marks the 75^th anniversary Stopanska banka AD – Skopje began the bankassurance project in cooperation with Croatia Insurance/Non-life and UNIQA Life.

Through its’ 65 branches, the 24/7 contact center and with over 120 licensed insurance representatives, the Bank now offered to the market the largest insurance retail network, making insurance all the more available.

Insurance is a big part of the financial system in the country and is complementary to traditional banking services around the world. The role that Stopanska banka shall primarily have is to provide clients with education regarding the advantages of insurance and the added value they get by using banking products bundled with insurance.

With the sales of over 5.000 policies through the Bank in the segment of life and non-life insurance in this short period, as well as with the positive reactions of the clients, these particular products have gained extra popularity:

• Free annual travel insurance that regular and new VISA/Master credit card users get by activation through the branches or the contact center
• Loans bundled with life insurance (consumer, mortgage, housing) with special terms and
• Loans bundled with accident insurance which include annual voucher of 400/600 mkd that clients can use for other insurance policy purchased through the Bank

Besides the offer of combined, bundled bank products with insurance policies, the clients can purchase all kind of other insurances such as: domestic/home insurance, travel insurance with special pricing, AO, Kasko, green card accident insurance and so on.

Using the press event occasion, Mr. Diomidis Nikoletopoulos, CEO of Stopanska banka AD – Skopje said „Insurance on the global market is already inseparable from the classical banking products, and Stopanska banka offers clients synergy, i.e. added value when using credit products. With the bundled products, the clients get the security from the life insurance or the accident insurance in support of their family plans while the Bank provides additional benefits for the choice they made through the banking products. We are happy to see the clients are already recognizing the new offer, which is an incentive for us to keep on developing.”

Goce Vangelovski, CEO of Croatia Insurance / Non-life said „Connecting different types of financial products is an established global trend. Having in mind that insurance and banking products complement each other for the end benefit of the users, we began cooperation with Stopanska banka AD – Skopje, allowing for clients to get much more from one place. The model saves them time, while offering additional advantages for the users as well. Considering the modern market trends, we believe that this types of services will be widely accepted and meet customers’ needs. At the same time, we are creating a new trend in the financial market that will support future service development for the benefit of the end customer.”

Aleksandra Shkembi Antovska, CEO of UNIQA Life said „We are especially happy to have the opportunity to present this strategic partnership with Stopanska banka in the offer of life insurance with additional benefits, now available at all 65 branches of the Bank, around the country. As UNIQA is part of the leading insurance groups from Austria, the local partnership with Stopanska banka is an ideal combination that will contribute greatly to the development and expansion of life insurance in Macedonia.“

Stopanska banka AD – Skopje

75 years on your side