Methaq Takaful completes electronic link in Abu Dhabi and Dubai

09/01/2011 00:00 AST  CPI Financial

The new online system will allow direct contact with the traffic departments and instant updating of the customer’s data before issuing the insurance policy.

By the end of 2010, Methaq started using this system to electronically issue vehicle insurance policies and provide the relative data to traffic and licensing departments in the emirates of Abu Dhabi and Dubai. The company says the system will save the customer’s time and effort during vehicles registration and renewal and cuts the time needed for these procedures, as all the data is available on line.

This move comes in line with the Insurance Authority’s drive to launch an electronic link among all insurance companies in the UAE to establish a unified drivers’ database. It will provide information about accidents caused by the driver, and will help reducing occurrences of traffic accidents by giving drivers motivation, facilities and discounts on insurance policies. It also seeks to promote competitiveness among insurance companies to enhance the quality of their services in the interest of both the insurers and the customers.

The approach, the first of its kind to be implemented by an insurance company in the country, is based on establishing a secure connection with an instant synchronization of data between Methaq’s online platforms to the RTA/Abu Dhabi E-traffic platforms. This will include on-the-spot validation of the Unified Traffic code and the driver’s license / vehicle registration submitted as a final step in completion of issuing the online vehicle insurance policy through the web access of Methaq’s selected business partners and distributers

Hamdan Al Kalbani, IT Manager at Methaq described the electronic link between Methaq and traffic and licensing departments in Abu Dhabi and Dubai as ‘a significant step towards a whole electronic shift, as it will allow an electronic input of the data needed for vehicles registration, renewal and insurance procedures in a paperless environment’.

“The new system provides accurate data, including Unified Traffic code and the driver’s license / vehicle registration. This allows fast procedures in traffic and licensing departments,” he said.

Methaq Takaful Insurance Co. - METHAQ
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 32.3 474,138
ALKHODARI 31.7 1,798,656
RIBL 17.9 2,168,327
SABIC 102.75 6,725,171
ACIG 39.3 938,961
SPIMACO 48.8 672,841
ALMARAI 91 95,865
Recent News

Amlak posts restructuring report on DFM
Amlak Finance PJSC posted a report on the Dubai Financial Market (DFM) on its financial and facilities restructuring process during the years 2008 to 2014.

The report outlines key financia

Almarai's Managing Director Abdulrahman A. Al Muhanna resigned
Almarai announces the resignation of a Board of Directors member, Mr. Abdulrahman bin Abdulaziz Al Muhanna from his current position as Managing Director of Almarai. He will continue to serve as a No

Key Developments in the Balance of Payments of the Kuwait for 2014
The Central Bank of Kuwait (CBK) publishes today the preliminary data of the Balance of Payments (BOP) of the State of Kuwait for 2014 and the revised estimates of 2013 in coherence with the guidelin

Saudi Transport 2015’ to feature latest industry investment opportunit
Saudi Arabia has seen remarkable progress in the transport and railway industry throughout the past years, complementing its efforts to address development needs and provide safe and prompt transport

Introducing the new LG G Flex2 with Smart Packages by Batelco
Batelco, the Kingdom’s leading mobile solutions provider is delighted to announce the arrival of the LG G Flex2, the luxury new device from LG featuring an innovative curved design.

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend


Which of the following do you think is the best long-term investment?