January 6, 2019,   3:00 PM

Dubai-Based Launches First AI Insurance Service In The Region

Amany Zaher



Dubai- based insurance technology company has announced the launch of a new Artificial Intelligence-enabled Platform for small and medium businesses to manage their group health insurance (Aqeed People).

Aqeed People is a simple and refreshingly intuitive People platform that combines insurance with a suite of other features including payroll and HR for small and mid-sized businesses.

A technology company focused on making insurance simple for customers has raised $18 million and launching its core platform in April of 2018, Aqeed has also expanded its offering to allow customers to purchase not only car insurance online but also Home, travel and 9 other insurance products.

 “our assistive AI bot will not only allow companies to get the best medical insurance quotes from the market, manage their members and renew their group health insurance policies, it will also allow their People to get answers for all their medical insurance needs, by interacting with our proprietary AI bot, they will be able to find what they are covered for and where they are covered instantly”, said Hadi Radwan, Chief Product Officer of Aqeed.

He continued “With Aqeed People you will no longer scroll through spreadsheets or call your broker in the middle of the night, if you want to know if you are covered for dental in the American Hospital, all you need to do is to ask the Aqeed’s People bot, and you will get an instant answer”.

Aqeed People goes far beyond just insurance by offering access to other related applications such as Payroll and HR core services, in addition to other new features will be available soon.

 “As we were building the new platform, we stumbled across non-insurance related pain points related to managing payroll, administering time-off and attendance, running real-time performance evaluation and feedback, managing recruiting and retention, and reporting on a timely manner that SMEs face.

Aqeed People is currently in Beta testing and will be available to the public in February 2019.  

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