Damana: Digital transformation will drive competitive motor ins. Premiums
Tuesday, 09 15 2020, Category: Technology, Country: U.A.E
DUBAI — Damana, a leading insurer in the GCC, has launched a drive to give motorists across the region access to more competitive insurance premiums and tailored products with the introduction of market-specific portals for brokers in the UAE and Oman and a others due online in Kuwait and Bahrain in the coming months.
The portals, designed in line with Damana’s mission to capitalize on digital transformation, are aimed at reducing insurance processing times by 60-70%, and will help Damana better understand country-specific insurance and premium demands, and broker priorities. The goal is to optimise the analytical advantages and increased efficiency of the new portals to ultimately deliver competitive premiums.
“These portals will enable us to maximize our offering in each country we operate in,” explained Harish Iyer, senior vice president, technical, Damana. “Digitalization is transforming the insurance industry and enabling us to study trends in depth, such as seasonality, consumer preferences, country-specific market data, while greatly improving our broker relationships.”
Source: Saudi Gazette