GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Beema today brings to market an innovative, first-to-region offering that will give UAE motorists up to 25% cashback on their motor insurance, based on the kilometers they drive. Beema was created following a joint innovation sprint by ENOC and BCG Digital Ventures, and in partnership with AXA Insurance.
 
United Arab Emirates, Dubai, 4th September 2019:  Beema has today announced the region's first pay-per-kilometer car insurance. An innovative solution for the UAE insurance market, Beema gives customers cash back after one year based on the distances they drive. If, over the course of one year, the motorist has driven less than 20,000 kilometers, they can receive up to 25% cashback. Regardless of the distance they drive, customers will never pay more than their original quote.
 
Beema's story started in July 2018. As part of ENOC's accelerator program, NEXT, and in partnership with BCG Digital Ventures, the team undertook an innovation sprint to identify disruptive digital businesses. The team observed that many motorists in the UAE were being subjected to a range of offline car insurance services that failed to specifically tailor to their individual needs. In particular, customers were faced with the same policy pricing, irrespective of how much they drove - a common problem for multi-car owners. Beema's pay-per-kilometer model addresses this challenge, and, with a fully online experience, customers can easily obtain a quote in seconds and be fully insured within minutes. 

Commenting on the launch, His Excellency Saif Humaid Al Falasi, Group CEO of ENOC stated, “In line with the UAE's innovation agenda, we wanted to offer a service that would truly revolutionize the insurance market and have broad appeal for drivers.”

Underwritten by AXA, Beema provides the highest levels of motor protection in the Middle East. As such, it builds on and leverages the experience, security and service quality of AXA – ranked as the number one global insurance brand - to deliver truly comprehensive cover for customers. Policies with Beema also provide 24-hour accident recovery, guaranteed repairs and round-the-clock service.

Paolo Gagliardi, CEO at Beema commented, “Beema is all about convenience and value – providing customers with an insurance policy that provides full coverage and fits their lifestyle and driving habits. This offering was designed specifically with the UAE market in mind, knowing the diverse pool of driving needs we have in the country. Customers can rest assured that they are getting the best value for how much they drive as well as peace of mind that they are underwritten by AXA.”

The kilometer reading is taken annually from the vehicle's odometer, so customers' journeys will not be tracked by Beema. To submit an odometer reading, customers can either easily upload a Tasjeel certificate, or can be visited to record their vehicle's odometer. Cashback amounts are then based on kilometers driven.



Posted by : GoDubai Editorial Team
Viewed 7224 times
Posted on : Wednesday, September 4, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Abu Dhabi Global Market awards CAT 1 Bank status to the Worlds' first licensed Digital Trade Bank
Next Story : Middle East Banks Urged to Brace for Digital Wave
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Lockdown Showdown: Jaguar I-pace Etrophy Series to Get Back on Track in Berlin i...
Three Eggs get Yemeni National a Guinness World Records Title
Omega's Antimagnetic Tourbillon Is a Watchmaking Breakthrough
Lamborghini SCV12: Squadra Corse Hypercar Ready to Hit the Track
The new BMW M5 and BMW M5 Competition
Toric Tourbillon Slate
GROHE Smart Control Review
Twitter tests Tweeting with Voice
Saxo Bank Launches Loyalty Program for MENA Region Clients
Hyundai Motor and Sony Pictures Entertainment Announce Unique and Pioneering Mul...
American Aesthetic Medical Center Has Something in Store for the Esthetical Figu...
WTTC Launches Safe Travels Protocols for Attractions, Car Hire and Short-Term Rental
NUDESTIX Launches - Nudies Blush, Bronze, and Glow Shade Extension
Volvo Cars Chengdu Car Plant Powered by 100 Per Cent Renewable Electricity
Range Rover Marks 50 Years of All-terrain Innovation and Luxury With Exclusive N...
Under-12 and Over-60 Can Now Take Part in Sports Activities: Dubai Sports Council
Dabur Ensures Safety with Hand Sanitizers and Personal Protection Kits as UAE Es...
Let's Brigthen Up! The Face Shop's Ultimate Summer Skincare Range From Belif is Here!
Handy Helper for Content Creators: The Compact A6100 Mirrorless Camera from Sony...
Pre-orders for Samsung's Galaxy S20+ 5G and Galaxy Buds+ BTS Edition now open in...
Experts Highlight need for Young Talent to Develop Skills for a Post-Covid-19 World
Dabur Launches Pure Organic Coconut Oil: Natural Protection for Hair, Skin, and ...
GEMS Wellington Academy – Al Khail Improves Rating to 'Very Good' in KHDA DSIB 2...
Etihad Airways to Recommence Flights to Athens
Dubai Sees Pronounced Uptick in Demand for Retail Units
Book Building of Amlak International's IPO of 30% of Shares
Sanctuary for the Senses: All-New Lincoln Corsair Arrives with Whisper-Quiet, Co...
Essence Spring/Summer 2020 Collection
Registration Opens for Training On the Camel Trek and Camel Marathon for Expats
Covid-19 Leads UAE Businesses to Adopt Upgraded Green Building Solutions
Dubai Sports Council Discuss Upcoming Sports Events With Federations and Organisers
Dubai Sports Council to Celebrate Dubai's COVID-19 Heroes Through Commemorative ...
Turkish Airlines Was the Busiest Operator in the Eurocontrol Area After Restarti...
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate'
INFINITI of Arabian Automobiles presents Dubai Islamic Bank customers Super Sale...
Crude Oil Headwinds on Virus and Technicals
Customers can Benefit from Increasing Gold Rate by just Paying 10% Advance at Ma...
Canadian University Dubai Receives Prestigious Certification in Education for Pu...
Report Reveals the Six Fintech Innovations That Will Boost the ‘Financial Health...
Serco Middle East Appoints New Managing Director for Dubai Metro and Dubai Tram
Big Bang Integral King Gold
Pan Emirates Unveils Exclusive New Collection
Digital Vision Technology Signals On-Track Success for Panasonic Jaguar Racing
Schneider Electric Extends Strategic Partnerships with AVEVA, Lenovo and Stratus...
Celebrate World Music Day with HONOR Magic Earbuds
The 11th Edition of the Arab Fashion Week to Launch Virtually Today, from June 2...
New Bentayga to Launch Beyond100
Cairo Amman Bank Adopts the Latest Technology to Enhance Performance and Securit...
Celebrate Summer Safely with the New, Shopping Normal at BurJuman
Registration open for Dubai Watersports Summer Week