Beema records more than 120% growth in its insurance contracts – News


Company celebrates second anniversary with record growth and increased customer focus

Published: Wed 27 Oct 2021, 4:38 PM

Dubai-based insurance innovator, Beema Insurance, part of the Enoc Group, celebrated its second anniversary with record growth, increased customer focus and shift to a multi-vertical InsurTech.

The company reported an increase of more than 120% in terms of insurance policies, holding a market share of 1.2%.

After revolutionizing the insurance industry in just two years after its launch, Beema is now expanding its portfolio to deliver even more value to customers with unique auto, home and travel insurance.

Despite the impact that Covid-19 has had on several businesses and startups, the company has seen significant growth while achieving an 83% customer satisfaction score, one of the highest in the market. In addition, an average cashback received per customer was 266 Dhs, totaling more than 490,000 Dhs paid to date.

Beema is the region’s first digital online auto insurance offering designed for the new reality; a digital, fair, robust and flexible insurance platform. The InsurTech startup uses digital technology as a vehicle to build deeper associations with internal and external customers while providing ease and convenience to deliver optimal value. The new home and travel insurance is an extension of the company’s digital-only strategy, delivering an end-to-end digital insurance solution that is seamless, simple, agile and relevant.


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