Dubai Police unveil AI-powered accident report system

Dubai Police have unveiled a new AI-powered accident report system aimed at saving time and resources spent dealing with minor incidents.

The pilot scheme will allow motorists to send accident data to police electronically, removing the need for them to visit a police station or for officers to attend the scene in some cases.

The high-tech strategy was launched at Gitex 2023 this week.

“We are developing an advanced system that employs AI algorithms to assess and report on minor accidents,” said Maj Gen Khalid Al Razooqi, director of the AI department at Dubai Police.

"It is now in the pilot phase and soon will be launched.

“Our aim is to reduce the time spent at accident scenes, prevent traffic congestion and enhance the overall experience for drivers and law enforcement officers.”

Using AI will reduce manual processes by 50 per cent, the force said.

By recording an incident on the DubaiNow or Dubai Police apps, motorists receive a police report by email or text message for any insurance claim.

In the event of a major accident, the public should still alert emergency services.

“The driver needs to fill in the required data such as vehicle details, driving licences for the parties involved in the accident and send pictures of the damages,” said Maj Gen Al Razooqi.

"Dubai Police will issue the accident report and send it to drivers to proceed with insurance companies."

If the drivers involved cannot agree on who is to blame for the incident, they should call Dubai Police on 999.

The police will then determine the liable party. Alternatively, all parties should go to the nearest police station to report the incident.

Drivers can also report traffic accidents at some Enoc petrol stations in Dubai.

These are at Al Rasheed Street in Al Mizher, Al Khail Road near exit 44, Arabian Ranches and Al Khail Road, near Al Barsha Police Station.

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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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