News Middle East14 Sep 2020

GCC:Digital portals enable competitive motor insurance premiums

14 Sep 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 Damana’s mission to capitalise 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, reported Saudi Gazette.

“These portals will enable us to maximise our offering in each country where we operate,” said Mr Harish Iyer, senior vice president, technical, Damana. “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.


 

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