Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
Is Climate Litigation Covered by Insurance? - Social Inflation or Science: What Is Fueling Climate Litigation? - Fortegra Europe Opens Branch in Czech Republic - Vantage launches Construction and Political risk business - UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

UAE - Oman Ins. launches an all-inclusive home ins. Product

Saturday, 05 02 2020, Category: Insurance and Reinsurance, Country: U.A.E
Oman Insurance Company has launched Home Umbrella, a comprehensive home insurance product that provides cover for homeowners and tenants. The product offers protection for contents such as household items, precious belongings and legal liabilities, on top of the regular property insurance.

In the UAE, home insurance is not usually considered an essential protection by most people. Roughly 10% of UAE’s residents have a home insurance cover despite a spate of high-profile incidents like fires, accidents and natural calamities in recent years. In one such incident in 2015, when the Torch Tower caught fire in Dubai Marina, Oman Insurance provided a much-needed respite to homeowners ensuring quick payments. At the time, many tenants without an insurance cover were left homeless and baffled.

In time of confinement, it is more important than ever to protect apartments and houses with insurance. Some of the key features offered by the Home Umbrella include new for old cover, protection even when the property is unoccupied, cost of alternative accommodation, and tenant’s liability.
As the leader in personal insurance, Oman Insurance provides a quick claims process with minimum documentation. This is to ensure that homeowners and tenants that are already going through a rough period, are quickly back on their feet.

Customers will have the flexibility to choose the cover based on their needs. They can opt to cover buildings, home contents, personal belongings and domestic help. Starting with a premium of AED 1 per day, customers will be able to avail cover for almost everything valuable in their home.
Commenting on the launch, Julien Audrerie, Head of Consumer Lines at Oman Insurance, said: “We are excited to launch this new product as it further strengthens our retail offering for individual clients. Home Umbrella is a comprehensive, flexible and affordable insurance package to protect what matters to our clients. It is simple to understand, easy to buy and provides a straight through process in case of a claim. This, we believe, is key to ensure a smooth experience for our customers.”


Source: tameen.ae
All copyrights reserved, Arab Reinsurance 2016 ©