CMA To Update e-Link Between Insurance Firms & ROP

Muscat: The Capital Market Authority recently floated a tender for the operation and maintenance of the e-insurance systems. The electronic link system was launched in 2008 in order to conform to the strategy of digital transformation. The system links the insurance companies, Royal Oman Police, and insurance policyholders. The system allows the CMA to monitor and follow up the business of insurance companies to evaluate their performance conveniently by bring all documents under a single umbrella.

The system comprises software, operation licenses, linking devices, servers and provides an environment linking 15 insurance companies carrying out motor insurance business with policyholders and ROP for quality and improved service to policyholders and enhance the supervision process.

With this latest endeavour to update the system, the CMA aims to stay abreast of the latest technological advancements to enable insurance companies to incorporate and maintain a database of all pertinent information with respect to their clientele.