DUBAI, May 28, 2014 /PRNewswire/ --

Oman Insurance Company (OIC) has launched a new 'Business 360' product to address the complex SME insurance requirements. The simple pre-underwritten, multi-line solution is a first in the UAE. It offers the largest range of covers, with unique solutions for Group Medical, Motor Fleet, Property All Risk and Liability.

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Speaking about the new product Mr. Patrick Choffel, OIC's Chief Executive Officer, 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."

With one simple application, Business 360 offers a wide range of insurance covers, catering to different industries. Additionally, the online platform allows to quote and bind new policies instantly, making it a quick and easy process. Optional cover extensions add the flexibility necessary to tailor the insurance policy to meet more specific business needs. Importantly, Business 360 fulfills mandatory insurance requirements in certain UAE Free Zones, with the ability to issue Free Zone insurance certificates. The Business 360 insured SME will benefit from competitive pricing and covers, tailor-made for the UAE market by the leading insurer in the country!

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About Oman Insurance Company 

Oman Insurance Company (P.S.C.) (OIC) was established in 1975 and is one of the leading insurance providers in the Middle East. OIC has operations across all Emirates in the United Arab Emirates, as well as in Oman, Qatar and a subsidiary in Iraq and Turkey.

OIC provides a wide range of insurance solutions for individuals and commercial enterprises in Life, Medical, Motor and General insurance. OIC serves more than 500,000 customers across the region, with a gross written premium of AED 2.9 billion.OIC enjoys an 'A' Excellent rating from AM Best and 'A-'Positive Outlook from Standard & Poor's.

Additional information about Oman Insurance Company can be found at http://www.tameen.ae.

For more information please contact: 

Zulfiquar Ali
Senior Marketing Manager
Oman Insurance Company
Tel: +971-4-233-7701 / 050-9153515
Email: media@tameen.ae

SOURCE Oman Insurance Company