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OIC launches Business 360, a comprehensive SME insurance solution

: Saturday, May 31 - 2014 @ 16:09

Oman Insurance Company (OIC) has launched a new ‘Business 360′ product to address the complex SME insurance requirements. The simple pre-underwritten, multi-line solution is a first in the UAE. It offers the largest range of covers, with unique solutions for Group Medical, Motor Fleet, Property All Risk and Liability.

Speaking about the new product Mr. Patrick Choffel, OIC’s Chief Executive Officer, said “SMEs in the UAE tend to underinsure their business risks, due to the complexity of multi contract insurance relationships, which are difficult to understand and to administer! Business 360 simplifies this necessary exercise, as it brings together all the key insurance covers into a simple solution.”

With one simple application, Business 360 offers a wide range of insurance covers, catering to different industries. Additionally, the online platform allows to quote and bind new policies instantly, making it a quick and easy process. Optional cover extensions add the flexibility necessary to tailor the insurance policy to meet more specific business needs. Importantly, Business 360 fulfills mandatory insurance requirements in certain UAE Free Zones, with the ability to issue Free Zone insurance certificates. The Business 360 insured SME will benefit from competitive pricing and covers, tailor-made for the UAE market by the leading insurer in the country!

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Saturday, May 31- 2014 @ 16:09 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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