Methaq Takaful completes electronic link in Abu Dhabi and Dubai


09/01/2011 00:00 AST

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.

CPI Financial
Methaq Takaful Insurance Co. - METHAQ
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SABIC 82.78 11,069,777
SAGRINSURANCE 21.14 650,331
RIBL 14.87 1,835,693
SPIMACO 36.51 289,359
STC 60.8 1,464,031
SECO 16.58 2,584,681
EMAAR 6.7 16,810,166
Recent News

Batelco rolls out cloud services for businesses
Batelco, keen on empowering businesses to digitise their processes and improve their operational efficiencies, has expanded its cloud services platform to offer services on cloud-based solutions.

Bank Muscat najahi launches PoS receivables financing for small busine
Bank Muscat, the flagship financial services provider in the Sultanate, as part of its commitment to encourage entrepreneurial initiatives, has launched a first-of-its-kind point of sale (PoS) receiv

Oman’s Oil production still profitable despite price slump
Oil companies operating in the Sultanate will continue to turn a profit even if oil prices plummet below the present average of $46 per barrel for Omani crude, according to a high ranking official of

Bank Nizwa open to merger or acquisitions, says CEO
Bank Nizwa, the first Islamic bank in Oman, remains open to potential mergers or acquisitions, its chief executive officer said, despite withdrawing from a proposed tie-up with United Finance.

Electricity production in Oman logs 13% growth
Total production of electricity and water in Oman recorded a significant increase at the end of June 2015. The total electricity production increased to more than 15,290 GW, achieving growth of 13.8

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

Poll

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