Watania Takaful and Shory sign agreement to bring innovative Takaful insurance solutions to UAE market

Watania Takaful and Shory today signed an agreement to offer exciting and simplified motor Takaful insurance for drivers in the UAE. The agreement cements the strong history of collaboration between Shory, one of the largest insurance technology seed funds in the world and Watania Takaful particularly around technology-driven simplified car insurance services that put the customers’ needs first and foremost.

Watania Takaful will provide its motor Takaful products on the Shory platform which offers customers exclusive rates from top insurers and allows them to get their policy issued instantly, at their convenience.

Through this partnership Watania Takaful’s competitive and flexible range of car insurance solutions come together with Shory’s dynamic and effective access channels. This will offer a uniquely personalised service to motorists by showing them competitive pricing and enabling them to pay via credit or debit cards, Apple Pay, in 4 interest-free payments or by using the buy now and pay later option.

Suliman Abdullah S. Alfallaj, General Manager and Co-founder of Shory, said:

“We are proud to today announce our partnership with Watania Takaful. Shory’s primary goal is to offer the best possible insurance services to its customers and by expanding our range of Takaful insurance options in partnership with Watania, we’re reinforcing our commitment to delivering excellence.”

He added, “We're looking forward to leveraging Watania's trust and reliability as a brand to provide even better insurance solutions to our customers”.

Mr. Gautam Datta, CEO, Watania International Holding, said:

“Our partnership with Shory raises the bar for responsive service and new offerings in the Takaful insurance sector to meet the increasingly sophisticated requirements of customers in the UAE. Combining AI and other advanced technology with fast and easy-to-use functionality, together with Shory we will deliver tailored and imaginative Takaful products that provide wider choice and greater than ever satisfaction to the public in simple and quick ways.”

Watania Takaful and Shory are also exploring collaboration on a range of other products and offerings in line with the commitment of both companies to lead the UAE’s insurance sector into a new era of personalised solutions, backed by efficient digitalization and inclusive dialogue with customers to satisfy and empower them to take charge of their needs.