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Souqalmal.com sales hit $600,000 in 6 weeks

DUBAI, August 10, 2016

Souqalmal.com, which launched its online end-to-end car insurance comparison platform across the UAE in June, has since reached $600,000 in total sales.

The site hosts the largest number of insurance providers offering consumers the biggest selection of online options in the UAE, including three Takaful providers, a statement said.

Souqalmal.com’s car insurance portal launch followed the findings from a survey the team conducted, where an overwhelming percentage of respondents (90 per cent) said they would consider an online platform to purchase their car insurance.

Souqalmal.com capitalised on those insights and was able to fast track the way car insurance is purchased in the UAE for consumers, resulting in its online car insurance sales gaining immediate and significant traction since launch, according to the statement.

Ambareen Musa, CEO of Souqalmal.com said: “I am very proud of the fact that Souqalmal.com has become the fastest growing online retail car insurance portal in terms of sales since its launch in June. Sales averaged a growth rate of 400 per cent since the first week until now, with a very strong pipeline of enquiries.”

“The success we have experienced in terms of sales in such a short space of time has been due to Souqalmal’s long history as a trusted brand and go-to website for independent advice. We are well-known for offering both unbiased and research-based content across a large number of product and services,” she added.

The Souqalmal.com car insurance platform is fully secure and most importantly customer-centric, allowing users to get real time quotes in less than 60 seconds and have their policy issued to them in 60 minutes (time to policy for each provider is actually specified on the site). Customers also have access to a UAE based call-centre 7 days a week for any questions and support.

“More and more consumers are eager to be able to purchase car insurance online as it provides them with greater transparency of inclusions, options as well as overall value, over and above pricing. It’s also an added convenience as they can do this from home or work, on a fully secure portal,” Musa concluded. – TradeArabia News Service




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