Latest news with #TakafulOmanInsurance
Zawya
20-02-2025
- Business
- Zawya
Takaful Oman Insurance opens new Sohar branch, expands digital services with intelligent claims Administration System iCAS
Muscat: Takaful Oman Insurance is advancing its leadership in Oman's insurance market by expanding its digital and physical presence. As part of its ongoing commitment to digital transformation, the company opened its new Sohar branch on January 20, 2025, while also enhancing its service offerings with the launch of the Intelligent Claims Administration System (iCAS). This new branch marks a strategic milestone in Takaful Oman Insurance's effort to provide a seamless blend of physical and digital services. The branch features a modern design and a spacious layout, providing customers with a comfortable environment to complete their insurance transactions. It includes dedicated sections for Takaful insurance products and a separate area for claims. The company's new, pioneering digital claims platform, iCAS, is designed to streamline the motor claims process with real-time updates, digital surveys, and automated payments. The opening ceremony was attended by prominent figures, including H.E. Sheikh Mohammed bin Abdullah Al Busaidi, Wali of Sohar; Ahmed bin Ali Al Maamari, Vice Executive President of the Financial Services Authority; and Ali bin Saif Al-Mani, Board Member of Takaful Oman Insurance. Additionally, community leaders from Sohar joined in celebrating the company's efforts to strengthen the insurance sector's development in the region. Speaking at the event, Mr. Neelmani Bhardwaj, CEO of Takaful Oman Insurance, stated, 'We are thrilled to open this branch in Sohar, which is an important region for us due to its growing economic influence.' He also added, 'Our digital services, like iCAS, are transforming the way we serve our customers. However, we understand that some may prefer to engage with us in person, which is why this branch is designed to bring the best of both worlds together. Whether customers visit us in person or interact with us online, they will experience the same high level of service, convenience, and efficiency.' He continued, 'The launch of this branch is part of our broader digital transformation strategy that aligns with the Financial Services Authority's national plan to modernize Oman's insurance sector. It reflects our commitment to providing faster, more secure, and accessible insurance solutions to customers across the Sultanate.' Takaful Oman Insurance remains dedicated to expanding its digital footprint while enhancing its physical presence to meet the evolving needs of its customers. Through the strategic combination of cutting-edge technology and a growing network of branches, the company is further reinforcing its leadership in the Omani insurance market.
Yahoo
17-02-2025
- Business
- Yahoo
Takaful Oman Insurance, Oman Arab Bank seal bancassurance deal
Takaful Oman Insurance has entered a bancassurance partnership with Oman Arab Bank, according to a press release posted on Zawya. The alliance is set to be effective in the first quarter of 2025 (Q1 2025), with plans to introduce insurance products tailored to both individual and corporate clients. It will allow Oman Arab Bank customers to access Takaful Oman's insurance offerings through the bank's branches and digital platforms. This collaboration aims to improve customer access to integrated financial solutions by using the resources and expertise of both organisations. Takaful Oman Insurance CEO Neelmani Bhardwaj stated: 'This partnership with Oman Arab Bank reflects our shared commitment to serving the community with exceptional financial and insurance solutions. We aim to provide Oman Arab Bank's customers with products that align with their values while ensuring peace of mind and security for their families and businesses. Together, we aim to build a stronger, more inclusive financial ecosystem.' Oman Arab Bank retail banking deputy head Juma Al Fulaiti said: 'At Oman Arab Bank, we offer comprehensive financial solutions that empower our customers and contribute to Oman's economic progress. This partnership with Takaful Oman Insurance is a testament to our shared commitment to innovation, quality and customer-centric services.' Oman Arab Bank was set up in 1984 after acquiring all Arab Bank branches in the sultanate. In 2020, the bank acquired Alizz Islamic Bank (AIB) and merged its Islamic banking services with AIB. The same year, it became a publicly listed company on the Muscat Stock Exchange. Takaful provides a range of insurance products through multiple distribution channels, including crop, engineering, fire, health, liability, marine, motor and personal accident insurance. "Takaful Oman Insurance, Oman Arab Bank seal bancassurance deal " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
