Riyadh – Mubasher: The Saudi Authority for Accredited Valuers (Taqeem) signed a cooperation agreement with Najm for Insurance Services earlier in January 2025 to support the electronic damage assessment services for vehicles in Saudi Arabia upon certain conditions.
Being part of the ongoing efforts to develop the Taqdeer system, the agreement covers vehicles involved in minor traffic accidents in various regions and governorates across the Kingdom, according to a press release.
The agreement aims to strengthen cooperation between the two parties in developing the Taqdeer e-system by enabling vehicle damage assessment centres, overseen by Taqeem, to provide their services electronically in collaboration with Najm.
Taqeem expects that this agreement will significantly enhance the customer experience by enabling faster and more accurate damage assessments.
The services include uploading data for vehicles involved in minor accidents and providing clear and comprehensive images of the vehicle condition and damage to be used in the damage assessment process.
Therefore, the service will ultimately improve the accuracy of results, reduce the processing time, and assist clients in obtaining the required evaluation based on the standard Taqdeer criteria without the need to visit vehicle damage assessment centres.
The agreement also includes training and qualifying Najm’s employees to ensure they are fully equipped to carry out the service.
It is worth mentioning that Najm for Insurance Services is a closed and unlisted joint-stock company established in 2007, aiming to promote the vehicle insurance sector in the Kingdom.
It offers an integrated system of insurance solutions and services for citizens, residents, and visitors in more than 40 cities and governorates across the Kingdom, with an experienced and qualified Saudi staff, who make up 98% of the company’s total workforce.
It is worth noting that Najm sponsored the third edition of the LEAP event which took place at the Riyadh Exhibition and Convention Center in 2024. It was also part of the 24 Fintech global conference by being a Platinum Sponsor.
In mid-2024, Najm unveiled a telematics initiative to improve road safety in Saudi Arabia.
