GIG Gulf, a insurance provider in the MENA region, has unveiled a groundbreaking online capability aimed at simplifying and streamlining motor insurance purchases for micro-SMEs in the UAE, Bahrain, Qatar, and Oman. This digital initiative is set to transform the way micro-SMEs acquire motor insurance for small fleets of up to five vehicles, providing unprecedented efficiency, customization, and accessibility.

This innovative capability directly addresses a crucial gap in the market, offering a swift, efficient, and customizable insurance purchasing process tailored for commercial vehicles. GIG Gulf’s digital initiative is designed to meet the evolving needs of micro-SMEs, featuring an unprecedented 2-minute quote and a 3-minute purchase process.

Chief Commercial Property & Casualty Officer at GIG Gulf, Ricardo Arroyo, emphasized the company’s commitment to innovation and customer-centric solutions, stating, “This new online capability is a testament to our commitment to simplifying and enhancing the insurance purchasing experience. We understand the unique challenges faced by micro-SMEs, and our platform is tailored to meet their specific needs, ensuring efficiency, customization, and accessibility in the insurance landscape. This initiative is not just about providing insurance; it’s about offering peace of mind and allowing businesses to focus on their core operations without the worry of complex insurance procedures.”

The platform introduces a paradigm shift for micro-SMEs, featuring real-time premium viewing, customizable plans at the vehicle level, and a streamlined online payment system. It also incorporates the convenience of online/automatic vehicle registration with the traffic department, aiming to make the process seamless and easy for customers. Micro-SMEs can now customize their motor insurance to suit their specific needs, selecting from a range of optional covers to ensure the most suitable and cost-effective insurance for their small fleets.

Aligned with GIG Gulf’s continuous efforts to support the digital economy in the GCC region, this digital initiative leverages technology to enhance the customer experience and significantly contribute to the digital transformation of the insurance sector. The platform is now live and accessible to micro-SMEs in the specified regions.