Al-Buhaira National Insurance, Sekurus Intl ink agreement to offer new system to vehicle owners

April 11, 2010 - PRLog -- Substantial Savings 10 to 15 Percent Discount on Comprehensive Coverage

As a leading writer of commercial auto insurance, The Al- Buhaira National Insurance Company continues to see the theft rate for vehicles it insures in UAE increase year after year. Increased theft drives up the cost of auto insurance as higher premiums are needed to cover the cost of Comprehensive coverage, that part of a policy that pays for theft.
To help its customers combat vehicle theft, Al- Buhaira, which sells auto insurance to individuals and businesses through independent insurance agents and brokers and also directly, has entered into an agreement with Sekurus International®, the global leader in stolen vehicle recovery, to offer the SekurTrack® Stolen Vehicle Recovery System to owners of vehicles, commercial vehicles and construction equipment at a substantial savings.

And in UAE, Al- Buhaira customers who have or will be installing a SekurTrack® System recovery device can call their independent agent or Al- Buhaira to receive a new up to 15% percent discount on Comprehensive coverage.

The only system of its kind, each SekurTrack Stolen Vehicle Recovery System includes a small wireless radio-frequency transceiver that is hidden inside a vehicle. Once the vehicle is reported stolen to the police, the system computers match the Vehicle Identification Number to the SekurTrack® system. After the match, the SekurTrack® system is automatically activated, emitting silent radio signals from the transceiver. Using the SekurTrack® technology Law enforcement vehicles and air units follow these signals to track and recover the stolen vehicle.

"The goal of this program is to help our customers protect their high-value vehicles and construction equipment and ultimately their livelihoods," said Mohammed Khalaf, manager, Al- Buhaira Motor Department. "The combination of discounted Comprehensive insurance coverage and SekurTrack® vehicle recovery devices had proven effective in reducing vehicle and construction vehicle theft, Al- Buhaira will consider adding a discount on Comprehensive coverage using other reports that the system offers."

"Trafficking valuable construction vehicles has become a lucrative and growing business for thieves around the country," said Basel Al Salah, CEO, Sekurus International®. "Stolen vehicles, dump trucks, pick-up trucks, trailers and other construction vehicles and construction equipment have a high resale price. A proven vehicle recovery system like SekurTrack® provides business owners powerful asset protection to ensure projects remain on track and on budget."

The discounted Stolen Vehicle Recovery System is available to Al- Buhaira customers for their vehicles, commercial vehicles and equipment in the UAE. Installation of the System is included and there are no monthly fees. Al- Buhaira customers can call a Sekurus International®. representative at +9714 2957735 and mention Al- Buhaira to take advantage of this offer.

About Al Buhaira National Insurance Company

Al Buhaira National Insurance Company is one of the leading insurance companies in the region and its reputation is synonymous with reliability and quality. Our leading status in the industry is the result of visionary leadership, professional competence and continued dedication to our clients.

Al Buhaira was established in 1978 under the decree of H.H. the Ruler of Sharjah. It is registered in the “Register of Insurance Companies” of the Ministry of Economy and Commerce Registration No. 15. Al Buhaira is a UAE Public Share Holding Company with a paid up capital of AED 250,000,000 and assets of over AED 1,528,000,000 at the end of 2007.

With effect from 16 th February, 2005, Al Buhaira National Insurance Company has been listed at the Abu Dhabi Securities Market and its share is now being traded as a premier stock. We are in the process of implementing a well planned growth strategy to meet with the ever growing aspirations of our shareholders.

The strategic placement of our products and our financial reliability has led to our dominating a competitive market. We understand the individual needs of our clients and customize our products to cater to specific requirements.

Al Buhaira National Insurance Company’s track record in the industry has been consistently successful owning to the trust and confidence of our valued clients. The company has progressed very well over the last few years with premium income increasing from AED 24,000,000 in 1986 to AED 550,000,000 in the year 2007, an increase of twenty three folds.

Having established itself as a leading insurer in the UAE market, Al Buhaira is confidently looking forward to play a larger role in the development of insurance industry in the country by continuously updating its range of products and upgrading its services. www.albuhaira.com

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About Sekurus International®.

Sekurus International®, the company that invented the stolen vehicle recovery market, leverages its superior technology, direct connection with law enforcement and proven processes to be the undisputed global leader in tracking and recovering valuable mobile assets. The company's Stolen Vehicle Recovery System delivers a better than 95 percent success rate in tracking and recovering stolen cars and trucks and has helped recover more than $3 billion in global assets. The system is uniquely integrated system into law enforcement agencies in the U.S. that use SekurTrack’s® in-vehicle tracking equipment to recover stolen assets, including cars, trucks, commercial vehicles, construction equipment and motorcycles. www.sekurusintl.com