Friday, June 18, 2021
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News FlashCMA opens e-payment tender for insurance platform

CMA opens e-payment tender for insurance platform

The Capital Market Authority (CMA) of Oman has opened an e-payment service tender for the Dhamani health insurance and Takaful platform which will enable the transfer of funds between health services providers and insurance policyholders.

The e-payment service will be implemented in the first phase of the platform, which will begin in the final quarter of 2021. This is to allow the regulators to monitor funds transfers between the parties of the insurance relationship to ensure the funds are paid within the specified term in the health insurance regulations. 

Dhamani is a digital platform for exchange of information, claims settlement, funds transfer, requests for approvals and verification and audit of insurance coverage between the parties of the insurance relationship, the regulators and supervisors.

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