Latest news with #TakafulOman
Observer
23-03-2025
- Business
- Observer
Takaful Oman clinch Ominvest Ramadhan football title
MUSCAT, MARCH 23 The highly anticipated Third Ominvest Ramadhan Football Championship, concluded successfully after two weeks of intense competition and memorable moments. Held under the esteemed auspices of Abdulaziz al Balushi, Group CEO of Ominvest, the tournament, which took place at the Military Technological College from March 2 to March 11, exemplified the Group's dedication to promoting sports and people well-being, active lifestyles and fostering a strong sense of unity. The final match delivered an unforgettable spectacle as Takaful Oman emerged victorious over Liva Insurance in a nail-biting penalty shootout (4-4 FT then 2-0 on penalties). The event was graced by the presence of Ominvest executives, CEOs from participating companies, and spectators supporting each team. Abdulaziz al Balushi, reflected on the championship's impact, stating: 'This event has been a truly exceptional experience, with participants displaying remarkable competitiveness and outstanding performances. The final match was particularly exciting, showcasing the dedication and teamwork of both finalists. We are proud that this championship has evolved beyond just a sporting event, becoming a platform for strengthening professional relationships and fostering a collaborative corporate culture within the Ominvest Group.' Waleed al Yaarubi, Chief People, Corporate Communication and Sustainability Officer, added, 'Beyond the excitement of the matches, this championship embodies our commitment to holistic well-being. By fostering a culture of health and active engagement, we are directly contributing to the achievement of the third United Nations Sustainable Development Goal (SDG) — ensuring healthy lives and promoting well-being for all at all ages. This initiative strengthens our social fabric and reinforces our dedication to creating a thriving and sustainable community." This year's edition saw an expansion with the inclusion of Bank Muscat for the first time, alongside the participation of Oman Arab Bank, Takaful Oman, Ubhar Capital, DreamLab Technologies, National Finance, Alizz Islamic Bank, Liva Insurance and Thawani. The Ominvest Ramadhan Football Championship continues to solidify its position as a cornerstone of the Group's corporate social responsibility and sustainability initiatives. Ominvest remains steadfast in its commitment to organising future editions, further cementing its role in promoting a healthy and vibrant community in Oman.
Muscat Daily
26-02-2025
- Business
- Muscat Daily
Takaful Oman drives digital innovation in insurance
Muscat – In its continuous pursuit of leadership in Oman's insurance sector, Takaful Oman Insurance SAOG has launched its comprehensive digital transformation strategy to enhance efficiency, transparency and customer experience by leveraging the latest technologies. The strategy was unveiled during a press conference organized by the company to introduce its newly upgraded website and a suite of smart solutions aimed at streamlining policy issuance, claims processing and customer interactions, marking a significant advancement in the sector. With over 200,000 digitally issued policies since 2023 on its digital insurance platform and more than 1,000 claims processed since December 2024 on its digital claims platform, Takaful Oman continues to set new standards for speed, efficiency, and reliability. Its digital-first approach aligns with Oman Vision 2040, reinforcing its role in driving financial technology and national economic progress. As part of its commitment to ongoing innovation, the company is also implementing a next-generation ERP system to streamline financial operations and improve efficiency at scale. Additionally, by leveraging data-driven insights, Takaful Oman is working towards hyper-personalized insurance solutions that cater to individual customer needs, ensuring a tailored and seamless experience. The company is also developing a next-generation policy administration system for life and medical insurance, reinforcing its foundation for future growth. Commenting on these advancements, Mr. Sulaiman Hamed Al Harthi, Board Chairman of Takaful Oman Insurance SAOG, stated, 'Innovation is embedded in our approach. Our digital transformation is not just about operational improvements—it is about equipping our customers with secure, efficient and transparent insurance solutions tailored to their evolving needs thereby reshaping the industry and supporting Oman's transition to a knowledge-based digital economy.' Echoing this commitment, Mr. Neelmani Bhardwaj, Chief Executive Officer of Takaful Oman Insurance SAOG, added, 'Our digital transformation is a testament to our relentless focus on customer experience. We are building an ecosystem where ease of access and security are paramount. This evolution cements our leadership in digital insurance and underscores our drive to set new industry standards.' Takaful Oman's digital innovations include iCAS (Intelligent Claims Administration System), an integrated claims registration system that has significantly reduced claim processing time by over 50% and a live video streaming tool for vehicle inspections, eliminating the need for physical assessments while improving accuracy and reducing costs. The company has also introduced a state-of-the-art website and customer portal, enabling seamless policy purchases, renewals and real-time claims tracking. Furthermore, the Instant Policy Distribution System (IPDS) seamlessly integrates brokers, agents, and banks, enabling rapid policy issuance. Meanwhile, an AI-driven pre-policy digital inspection system ensures policy authenticity through real-time verification and automated damage detection, allowing policies to be issued in under 3 minutes. With an eye on the future, Takaful Oman continues to explore emerging technologies and innovative solutions that will redefine the insurance landscape. By staying ahead of industry trends and anticipating evolving customer needs, the company remains poised to drive meaningful change, ensuring that insurance in Oman remains agile, secure and customer-centric.
Mid East Info
25-02-2025
- Business
- Mid East Info
Takaful Oman Drives Digital Innovation in Insurance - Middle East Business News and Information
Muscat, 24 February 2025: In its continuous pursuit of leadership in Oman's insurance sector, Takaful Oman Insurance SAOG has launched its comprehensive digital transformation strategy to enhance efficiency, transparency and customer experience by leveraging the latest technologies. The strategy was unveiled during a press conference organized by the company to introduce its newly upgraded website and a suite of smart solutions aimed at streamlining policy issuance, claims processing and customer interactions, marking a significant advancement in the sector. With over 200,000 digitally issued policies since 2023 on its digital insurance platform and more than 1,000 claims processed since December 2024 on its digital claims platform, Takaful Oman continues to set new standards for speed, efficiency, and reliability. Its digital-first approach aligns with Oman Vision 2040, reinforcing its role in driving financial technology and national economic progress. As part of its commitment to ongoing innovation, the company is also implementing a next-generation ERP system to streamline financial operations and improve efficiency at scale. Additionally, by leveraging data-driven insights, Takaful Oman is working towards hyper-personalized insurance solutions that cater to individual customer needs, ensuring a tailored and seamless experience. The company is also developing a next-generation policy administration system for life and medical insurance, reinforcing its foundation for future growth. Commenting on these advancements, Mr. Sulaiman Hamed Al Harthi, Board Chairman of Takaful Oman Insurance SAOG, stated, 'Innovation is embedded in our approach. Our digital transformation is not just about operational improvements—it is about equipping our customers with secure, efficient and transparent insurance solutions tailored to their evolving needs thereby reshaping the industry and supporting Oman's transition to a knowledge-based digital economy.' Echoing this commitment, Mr. Neelmani Bhardwaj, Chief Executive Officer of Takaful Oman Insurance SAOG, added, 'Our digital transformation is a testament to our relentless focus on customer experience. We are building an ecosystem where ease of access and security are paramount. This evolution cements our leadership in digital insurance and underscores our drive to set new industry standards.' Takaful Oman's digital innovations include iCAS (Intelligent Claims Administration System), an integrated claims registration system that has significantly reduced claim processing time by over 50% and a live video streaming tool for vehicle inspections, eliminating the need for physical assessments while improving accuracy and reducing costs. The company has also introduced a state-of-the-art website and customer portal, enabling seamless policy purchases, renewals and real-time claims tracking. Furthermore, the Instant Policy Distribution System (IPDS) seamlessly integrates brokers, agents, and banks, enabling rapid policy issuance. Meanwhile, an AI-driven pre-policy digital inspection system ensures policy authenticity through real-time verification and automated damage detection, allowing policies to be issued in under 3 minutes. With an eye on the future, Takaful Oman continues to explore emerging technologies and innovative solutions that will redefine the insurance landscape. By staying ahead of industry trends and anticipating evolving customer needs, the company remains poised to drive meaningful change, ensuring that insurance in Oman remains agile, secure and customer-centric.
