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Oct 2020

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GCC: Digital portals enable competitive motor premiums

Source: Middle East Insurance Review | Oct 2020

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.
 
The Damana Broker Motor Portals, designed in line with the insurer’s mission to capitalise on digital transformation, are aimed at reducing insurance processing times by 60-70%, and will help it better understand country-specific insurance and premium demands, and broker priorities. 
 
“These portals will enable us to maximise our offering in each country where we operate,” said Damana senior vice president, technical, Harish Iyer. “Digitalisation 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.”
 
The portals feature a digital interface that improves the broker experience by enabling brokers to complete transactions more efficiently, in a shorter turnaround time, and make better informed business decisions.
 
They provide brokers with access to motor insurance quotes in a simple and accessible manner through Damana’s continuous digital enhancements. M 
 
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