Saudi insurtech DESAISIV has launched its AI Insurance Agent, a platform designed to help enterprises manage, optimise and negotiate corporate insurance, while opening an $8 million growth funding round.
Founded in 2023 by Mohammad Nabhan and Saed Khawaldeh, the company uses artificial intelligence and analytics to benchmark insurance pricing, assess policy performance, identify savings opportunities and negotiate premiums.
DESAISIV currently serves more than 600 enterprise clients, works with 18 insurers and brokers, and manages corporate insurance portfolios worth over SAR 2 billion, according to the announcement.
The company said it will use the funding for AI research and development, product expansion, strategic partnerships and growth into additional insurance segments and enterprise risk solutions. Its planned areas of expansion include motor insurance, leasing and general insurance.
DESAISIV aims to process more than SAR 10 billion in insurance premiums through its platform as it develops what it describes as AI infrastructure for enterprise insurance.
Source: Wamda
