A new insurance product aims to address the complex insurance requirements in the UAE.
Oman Insurance Company (OIC) has launched Business 360 – a pre-underwritten, multi-line solution that offers a range of insurance covers, catering to different industries and allowing competitive pricing and insurance.
The company’s new product fulfills mandatory insurance requirements of many of the UAE’s Free Zones, meaning it is permitted to issue Free Zone insurance certificates.
CEO of OIC, Patrick Choffel, 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.”
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