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  What's happening in the industry? The UAE Insurance Authority now is part of the UAE Central Bank. It is now an acknowledgment that insurance is no more a sub-set within the overall Banking and Finance but an important arm of the economy. The industry goes about its commitment silently by ensuring that business is sufficiently protected. The industry also picked up the tabs on various lines of business following the pandemic. Finally, insurance is stepping out and now coming under its own spotlight. Electronic and Digital revolution initiative During the course of the year, IA promulgated the Electronic Insurance Regulations thus paving the way for InsurTech companies to set shops and flourish. It is an admission that Digital & Technology is here to stay. Companies will have to adopt or perish. We see close on the heels the Central Bank also opening a separate division for Fintech. Does this mean that open banking system is a reality? Is it only for General Insurance? N
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Corona Relief! Avail instant insurance cover in easy instalments

Considering the financial stress due to job losses, pay cuts and lower revenue most salaried professionals and businessmen are facing in this unpredictable time of Covid-19, InsureAtOasis is now offering customers the option to pay insurance premiums in instalments. You will now get the option to pay your insurance premiums on a monthly, quarterly or half-yearly basis in addition to the current option of paying premiums on an annual basis. For instance, if the annual premium of your insurance policy is AED 12,000, you can now change the frequency of payment to monthly mode, and pay AED 1,000 per month for next 12 months. For an individual experiencing job loss or pay cut, paying AED 1,000 per month is much more affordable than paying AED 12,000 in just one month as a lump sum for an insurance cover. www.insureatoasis.com  offers an amazing online shopping experience and delivers insurance cover in just 5 minutes. It is the only eCommerce Insurance Portal that delivers policies to

Oasis Insurance and the Man Behind It

Founded in 2005, Oasis Insurance is an online Insurance Brokerage Firm that brings together top Insurance Providers in the region with online end users. Recognizing very early on that digitization was gaining momentum globally, Sridhar Subbaraman , founder and CEO of the Oasis Insurance Group became the force behind what is now recognized as the first digital insurance brokerage firm in the MENA region. A thorough bred insurance professional with more than two decades of industry experience, he knew that the future lay in a digital technology-driven economy, with transparent processes and time-saving end to end solutions. So naturally, one of the company’s missions is being at the front lines of innovation and a leader against the region’s insurance landscape, providing not only digital insurance distribution but constantly evolving to include other allied services with the stakeholders needs in mind.   Saving end users precious time, Oasis Insurance provides six different kinds of

The Insurance Industry: A Brief Synopsis

History Marine insurance, the oldest documented form of insurance, originated in Italy in the 13th century. Some may say it was a natural progression from the daring transatlantic voyages embarked upon by the famous Italian explorer Christopher Columbus, but the industry subsequently stagnated. Until, of course, the entrance of the enterprising British, the bigwigs of Maritime trade in the 17 th century. Maritime insurance took off in a major way against the backdrop of Edward Lloyd’s coffee shop, which was the place to be for receiving news and up-to-date developments from the seafaring world. Lloyd’s of London was born as was insurance as we know it today. The first life insurance policy was also taken out in London in the 18 th century. Insurance has come a long way since those days of long voyages and nautical adventures with not only automobiles and homes routinely insured, but body parts too! From a surgeon’s skilled hands to a footballer’s dexterous legs and even a mus

Understanding Motor Insurance and Insurance Terminology in UAE

Blame it on the weather, our relaxed lifestyles, or just patchy public transport, but living and working without a car in this part of the world is practically impossible. And can we please address the advertising. On every platform available to mankind, we are besieged by brand new cars with great payment options, 20-inch alloy wheels, 360-degree cameras and adaptive cruise control. So you decide to buy that car. But there’s a catch. Did you know that you cannot buy a car without also purchasing car insurance? According to the Road Transport Authority, a valid motor insurance policy is a prerequisite to car registration or re-registration in the UAE. So you decide to buy motor insurance too. And now the realization dawns…information overload is a very real monster and deciding what kind of insurance to go for is more than a little daunting. And here’s where we come in. At Oasis Insurance, we ensure the customer knows all he needs to insure the best possible outcome, pun intend

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Will my car insurance cover damages occurred from a fire?🚗🔥

We know that your car is your prized possession and car insurance in mandatory per law. While comprehensive car insurance policy covers losses and damages suffered by your car due to accident, overturning, natural causes,  fire damage , theft, it also covers your legal liability to any third party. Third Party refers to damages to any other vehicles involved in the accident, any other property damages, and bodily injury to the third party including death.       Things policyholder needed to check Car insurance quote, whether it covers adequately based on your need. A vehicle insurance policy, a legal document that needs to be uploaded in Road Transport Authority (RTI) before you renew your vehicle registration. Select your insurance provider not only on the price but also the claims servicing ability of the insurance provider. COMPARE & BUY POLICY INSTANTLY                    Enter Plate Number Plate Code                                                      Compare &