OMT Group and Compare360.com announce strategic partnership to expand access to online insurance in Lebanon
Online Brokerage (OB), the Brokerage arm of OMT Group has entered a strategic partnership with Chedid Insurance Brokers a company of Chedid Capital the prominent (re)insurance investment group, under the digital insurance aggregator platform Compare360.com, in a landmark move set to reshape retail insurance access and omnichannel distribution in Lebanon.
The collaboration, announced in a signing ceremony on October 22 at Le Yacht Club - Beirut, will enable customers to benefit from Compare360.com’s robust InsurTech capabilities to browse and compare offerings from third-party providers, allowing them to choose policies from Lebanon’s top insurers, and securely complete payments through OMT Pay app.
“This partnership brings together Compare360.com’s InsurTech innovation and OMT Pay’s advanced FinTech infrastructure to accelerate the digital transformation of insurance and payments”, said Hikmat Abou Zeid, Chairman of OMT. This collaboration represents OMT’s continued commitment to delivering innovative payment solutions to the Lebanese market and broadening access to essential financial services as part of our vision for a more integrated and customer-centric financial future”.
“Across Chedid Capital’s portfolio, we’ve grown our business with the firm belief that our solutions should deliver value across the (re)insurance chain, bridge real market gaps, and remain anchored in local needs. Trust, access, speed, and convenience are anchors of both OMT’s and our product and service promise. This partnership is a direct reflection of that promise, and merely the starting point for future collaboration,” said Farid Chedid, Chairman and Group CEO of Chedid Capital.
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