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Oman’s first one-stop insurance portal launched

22 Jul 2020

Oman’s first online insurance aggregator platform, Bima was officially launched on Tuesday. The platform allows customers the option of choosing insurance packages from a variety of companies and also gives them an option to compare between the services and packages provided by them. 

Eng Said bin Nasser al Rashdi, Founder of Insurance House, the owner and developer of the Bima platform, said, “We are glad to launch Bima. We are starting of with a trial/soft operation for a few months. The platform is, however, ready to take on large number of customers, with operations that extend till 12 midnight.”

Although the COVID-19 pandemic has affected the whole world, it has helped speed up the awareness about the benefits of such online platforms, he added. “It is not only safer to use, but faster and easier in most cases. Standing in line to get insurance for your car will be something of the past and forgotten within a couple of years.”

Domestic workers coverage was introduced last month, with travel, property and term life insurance lined up to be included next, he said.

Rashidi added, “During the past four months, when we launched the initial operation of the platform, Bima managed to issue thousands of insurance policies for vehicles online, easily and successfully, on behalf of five insurance companies – Arabia Falcon, Al Madina Takaful, New India Assurance, Oman Qatar and Oman United Insurance. In addition, we have recently signed up with three new companies to provide their services through the site in the near future.”

He also added that the company worked hard with the insurance providers to provide an accurate premium calculation mechanism that takes into consideration large number of factors, all calculated at the backend of the platform with instant results. “This allows consumers to enjoy a transparent experience to choose exactly what they need.”
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