3 InsurTech companies in the Middle East making insurance more accessible

By Leandra Monteiro

Today

  • Bayzat
  • Beema Insurance
  • Car insurance

The Middle East and Africa region holds great potential for the InsurTech industry. Insurance offerings in the region are extensive, with options for consumers and businesses covering property, health, life and non-life insurance, as well as other financial services including pensions and asset management. assets.

Here are 3 InsurTech companies in the Middle East to watch in 2023:

Bayzat is the work-life platform that benefits all businesses. The company aims to redefine the way work works for the best, making HR, payroll, benefits and insurance automation a possibility for all businesses.

It’s an all-in-one human resources and benefits platform that allows companies to manage payroll in minutes and pay their employees faster. Users can access their innovative benefits and health insurance solutions directly from the app. From analytics to automation to the latest InsurTech; Bayzat will provide you with the tools and technology to transform your business.

Launched with the aim of making insurance accessible and understandable to everyone, Policybazaar.com is among the best in the Indian insurance market. After dominating the Indian territory, the company set its sights on the insurance sector in the United Arab Emirates. Policybazaar.ae exclusively provides car insurance in the UAE. With a recent reform capping the minimum premium for car insurance in the emirates, the time seemed right for the entry of an unbiased aggregator. With features and strengths rated for people looking to buy policies on a budget, Policybazaar.ae looks forward to meeting the needs of every car owner.

Beema is a new era InsurTech provider that aims to make insurance attractive. It provides simpler, easier and fairer insurance through a data- and technology-intensive approach. Launched in 2019, Beema has received backing and support from ENOC (Investment Corporation of Dubai), BCG Digital Ventures and AXA.

Beema was the first player to launch behavioral car insurance policies in the region and is now officially the region’s first digital online car insurance provider that was designed with the customer in mind, resulting in a digital, fair, robust and flexible insurance platform. . The company’s all-digital strategy provides an end-to-end digital insurance solution that is seamless, simple and agile.

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