The agreement was signed by Philip K Philip, chairman OUBOC, and Ashfaque Ahmad, managing director, Vision Innovative Technologies.
Other dignitaries at the ceremony have been Ahmed bin Ali bin Saif al Mamari, vice president for the Insurance Sector, Capital Market Authority (CMA).
The orange card, which is mandatory for Omani autos crossing Omani borders, is a difficulty free of charge insurance coverage facilitator across 14 Arab nations and functions below the supervision of umbrella organisation –General Arab Insurance Federation (GAIF) headquartered in Cairo, Egypt.
The Omani Orange Card Office which was established in 2007, has till date issued about four.4mn cards to Omani customers by means of insurance coverage businesses, and facilitated settling thousands of claims across Arab nations, therefore producing travel hassle-free of charge for Omani drivers. CMA is operating closely with insurance coverage businesses for motivating digital transformation in all levels.
“In this regard we have already established the insurance companies’ linkage with ROP for smooth and quick issuance of vehicle registration cards whereby the consumer need not wait for getting the vehicle registration. The orange card linkage will help enhance this experience,” mentioned Mamari.
Philip mentioned that the revolutionary project will help smooth movement at the borders with worth addition to insurance coverage businesses permitting them to problem cards on actual-time basis therefore saving time and price. “This is phase 1 of the project and once this project is completed, the next level will be similar linkage with all the unified offices in 14 Arab countries under the aegis of GAIF for which planning is under progress.”
Abdullah al Amairi, basic manager of OUBOC mentioned that the business is grateful to the CMA – Insurance Sector for its aid and supportive function.
Ahmed mentioned that the business is pleased to be component of this prestigious project of Oman bureau for orange card which will aid Oman’s insurance coverage sector and customers.
“The new interlinkage system will help OUBOC further streamline activities in providing a seamless system to other insurance companies by reducing the logistical issues and effective management of policies, claims and payments.”
Information Source: Muscat Daily