UAE’s seeing the rise to prominence of digital banks, with their no-branches strategy. Some insurers are taking their cue from this.
Kamal Insurance is a subsidiary of RSA, which has had a longstanding presence in this market. The new entity affords ‘digital-only’ third-party car insurance in the UAE, with base premiums from Dh350.
“To preserve coverage costs down, ‘this product will only be available online’ on its portal, and ‘this means customers don’t have to make use of different channels, wait round and pay more’.
Not simply that, “Customers can get a quote and purchase their car insurance coverage in lower than 2 minutes’.
