The agreement was signed by Philip K Philip, chairman OUBOC, and Ashfaque Ahmad, managing director, Vision Innovative Technologies.
Other dignitaries at the ceremony were 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 vehicles crossing Omani borders, is a trouble free insurance facilitator across 14 Arab countries and functions under 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 4.4mn cards to Omani consumers through insurance companies, and facilitated settling thousands of claims across Arab countries, thus making travel hassle-free for Omani drivers. CMA is working closely with insurance companies 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,” said Mamari.
Philip said that the innovative project will aid smooth movement at the borders with value addition to insurance companies allowing them to issue cards on real-time basis thus saving time and cost. “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, general manager of OUBOC said that the company is grateful to the CMA – Insurance Sector for its help and supportive role.
Ahmed said that the company is pleased to be part of this prestigious project of Oman bureau for orange card which will help Oman’s insurance sector and consumers.
“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.”