User-Friendly Service A Direct Response To Market Demand And Region's E-Commerce Boom
DUBAI, United Arab Emirates: Nexus Insurance Brokers today unveiled the UAE's most efficient, transparent and comprehensive insurance comparison site.
A direct response to market demand, www.nexuscompare.com gives local users a more efficient means of gaining quotes and purchasing car, medical, travel and home insurance.
The user-friendly service boasts the UAE's most convenient and comprehensive policy comparison facility, allowing customers to compare both product features and price.
Quotes are revealed within seconds of entering basic details, and the policy can be purchased immediately. Payments are made securely and directly to insurance companies.
www.nexuscompare.com features high-profile global, local and Takaful insurance providers, and the list of participating companies is expected to grow in the coming months.
Only companies willing to provide transparent quotes and sell direct online are featured, which eliminates traditional e-commerce headaches such as time-consuming call-backs or unnecessary data-capture exercises.
"Nexus Insurance Brokers is always looking to innovate and change the region's insurance industry for the better," said Mahmoud Nodjoumi, founder and CEO, Nexus Group.
"The transparency offered through www.nexuscompare.com will bring much-needed competition to the insurance market, as people will be able to compare a comprehensive list of policy features at a glance before they make an informed decision. Our approach will also help participating insurance companies gain market share by giving discerning consumers exactly what they want without hiding behind complicated terms and conditions."
GCC E-Commerce Boom
Nexus Insurance Brokers's bid to bolster its online presence is well timed.
According to IMRG and Visa, the GCC's e-commerce sale volume is expected to hit almost USD 15 billion by 2015, making it one of the world's fast growing markets.
UAE residents are particularly enthusiastic online shoppers, with global market research company Euromonitor International predicting that internet-based sales will rise 95 per cent in the next five years.
The boom is being driven by huge internet adoption figures - estimated by the Arab Advisors Group to reach over 170 million by 2016 - and the increasing use of credit cards.
"From dealing with our customers and talking to the market, we know that there is a big opportunity for an insurance comparison portal that is rapid, safe and able to give an instant overview of the policy features that matter," added Nodjoumi.
"www.nexuscompare.com is a clear response to this market demand and a perfect fit with our commitment to provide clients with a transparent and impartial method of identifying the best value product for their requirements."
Nexus Insurance Brokers has won much acclaim for its commitment to international best practice in recent years, including running the Middle East and North Africa (MENA) insurance industry's most rigorous and extensive consultant training programme.
The company intends to implement a host of new and attractive propositions in the near future, and is also seeking to expand its geographic footprint beyond Dubai, Abu Dhabi, Qatar, Bahrain and Lebanon.
About Nexus Group of Companies
Nexus Group is the Largest Independent Financial Advisors in the region offering a complete range of insurance, savings and investment products to both Corporate and Individual clients.
As qualified professionals, Nexus is a company you can trust. And as an independent organisation, free from ties to a particular product provider, it can meet those needs with carefully selected solutions from the world's foremost Financial Services & Insurance Companies.
Nexus has over 345+ qualified professional consultants and is supported by a cadre of 100 dedicated and qualified support staff in the Middle East region offering a broad range of licensed products from regulated providers.
The Company was founded in 2006 by Mahmoud Nodjoumi, Owner and CEO, through a management buy-out of the distribution arm of Zurich International Life which had been established in the region since 1989.
With some twenty years' experience in the GCC (Gulf Cooperation Council), Nexus operations are located in Dubai, Abu Dhabi, Qatar, Lebanon and the Kingdom of Bahrain to underpin a professional and quality level of service to clients.
We are regulated for the provision of Life Insurance, Savings Plans, Group Medical and Life programs as well as various classes of Personal lines and Commercial Insurance also including Employee Benefits.
Media contact: Neil Jaques, Wallis Marketing Consultants, +971 4390 1950, nexus@wallis-mc.com
© Press Release 2013
