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 31.79 732,779
ALMARAI 96.02 823,828
RIBL 17.63 2,117,486
SABIC 95.72 11,182,669
EEC 40.88 12,845,182
STC 68.97 3,022,610
SOLIDARITY 17.05 4,789,224
Recent News

GCC to address impact of foreign direct investments
The Gulf Organization for Industrial Consulting (GOIC) announced Sunday that the 15th Industrialists’ Conference titled “Foreign Direct Investments: Their Impact on Gulf industries” will be held on N

Greece and KSA keen to promote investment
A ministerial delegation from Greece led by tourism minister Elena Kountoura is in the Kingdom to bolster bilateral cooperation in various sectors as the minister met her counterpart and other higher

Exclusive facilities for Mobily’s ‘Wajid’ subscribers
Mobily provides a special discount through “Wajid” packages for new subscribers for a period of three consecutive months.

The discount on “Wajid Extra” was 60 percent while the discounts on

Qatar tourism industry sustains growth in Q1
Qatar’s burgeoning tourism industry continued growth in the first quarter of 2015 (January-March) as all key indicators of the tourism sector demonstrated improvement and growth against the same peri

Marafiq selects Doble to enhance training services
To improve electrical grid reliability, Marafiq Power and Water Utility Company has contracted Doble Engineering Company, a subsidiary of ESCO Technologies Inc., to provide consulting and training se

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?