Top 10 InsurTech Startups in UAE

The online insurance selling market is booming in the UAE. Many companies and startups are getting into the insurance space using technology. Today one easily can buy various insurance online like health insurance, motor and bike insurance, travel insurance, life insurance, etc. In this post we have compiled the list of top InsurTech startups in UAE.

Top 10 InsurTech Startups in UAE

1. Aqeed

About the startup:

Aqeed brokers an advanced insurance brokerage Platform. It is a cloud-based insurance brokerage platform that helps you cover the full brokerage insurance cycle. You are digitally equipped from customer management systems, all the way to accounting and analytics.

What categories does it deal with?

Home insurance, Motor insurance, Travel Insurance, Health Insurance, Fleet Insurance, Life Insurance, Business Insurance 

What technology does it use?

Analytics and Tracking – Mixpanel, Inspectlet, Google Analytics, Facebook Domain Insights. Bing Universal Event Tracking, Facebook Signal, Facebook Pixel, Facebook Conversion Tracking, Global Site Tag, LinkedIn Insights, Google Conversion Linker

Frameworks – ASP.NET, InsuranceAgency Schema, AggregateRating Schema

Email Hosting Providers – SPF, Microsoft Exchange Online, Office 365 Mail, Microsoft Azure DNS, DMARC

Web Hosting Providers – Microsoft, Microsoft Azure

Web Servers – IIS

Website linkhttps://www.aqeed.com/

2. Yallacompare

About the startup:

Yallacompare is one of the top InsurTech startups in UAE, It allows users to compare and buy insurance policies online, as well as apply for bank accounts, credit cards, loans and more in nine markets across the Middle East & North Africa. The insurance aggregator is active in three markets including the UAE where it claims to have a 75 percent share of online insurance transactions, Kuwait, and Egypt.

What categories does it deal with?

Home insurance, Car insurance, Travel Insurance, Health Insurance, Life Insurance, Group life Insurance

What technology does it use?

They use a sophisticated search engine and smart comparison tools to help users compare and choose the best financial product as per their needs.

Analytics and Tracking – Mixpanel, New Relic, Google Analytics, Mouseflow

Frameworks – GlobalSign Domain Verification

Email Hosting Providers – Mandrill, Amazon SES, Zendesk, SendinBlue, MailChimp SPF, SPF, GrooveHQ Mail, Google Apps for Business, DMARC

Web Hosting Providers – Incapsula

Web Servers – nginx

Website linkhttps://yallacompare.com/

3. Soquamal

About the startup:

Souqalmal.com (Souq al Mal is Arabic for ‘money market’) is a comparison website in the Middle East, it lets you compare financial and insurance products before you make a choice. Users can save considerable time and effort using Souqalmal’s comparison tools.

What categories does it deal with?

Car Insurance, Home Insurance, Travel insurance, Health Insurance, SME Insurance, Bike Insurance

What technology does it use?

Analytics and Tracking – Mixpanel, CrazyEgg, Google optimize 360, Google Analytics, Google Conversion Tracking, Yahoo Dot, Facebook Conversion tracking

Frameworks – PHP

Email Hosting Providers – MailChimp SPF, Google Apps for business, SPF

Web Hosting Providers – Amazon, Cloudflare Hosting, Digital Ocean

Web Servers – Varnish

Website link – https://www.souqalmal.com/ae-en/

4. Bayzat

About the startup:

Bayzat is a technology company that provides insurance and HR solutions. It helps individuals and companies compare, buy, and use their health insurance. For clients looking for medical coverage, it allows them to save time and money by identifying their requirements and providing a transparent comparison of all the relevant options in the market.

What categories does it deal with?

Health Insurance

What technology does it use?

It uses comparison tools, and OCR tech. Real-time reports and analytics and online doctor consultation are also featured.

Analytics and Tracking – Mixpanel, Customer.io, Leadfeeder, Hubspot, Segment, Google Analytics, Facebook pixel, Facebook Domain Insights, LinkedIn insights, Facebook Conversion Tracking, Quantcast Measurement, Global Site Tag, Google Conversion Linker, Matamo

Frameworks – PHP, Gatsby JS, Styled Components, Gatsby

Email Hosting Providers – Amazon SES, Sendgrid, Google Apps for Business, SPF

Web Hosting Providers – Amazon

Web Servers – Nginx

Website linkhttps://www.bayzat.com

5. Democrance

About the startup:

Democrance, founded in 2015, is an insurance technology startup with a mission to enable partnerships that make insurance accessible and affordable for those who need it most. Democrance is set to pave the way in developing the InsureTech industry along with educating the public about its usages and benefits. This digital platform brings together insurance and telecommunication companies, allowing users to get access to insurance through their mobile phone, without even having access to a bank account.

What categories does it deal with?

Health Insurance

What technology does it use?

They act as a bridge between traditional insurance companies and Telecommunication companies.

Analytics and Tracking – Google Analytics

Frameworks – Python

Email Hosting Providers – Amazon SES, SPF, Microsoft Azure DNS, Office 365 Mail, Google Apps for Business

Web Hosting Providers – OVH

Web Servers – Apache, mod_wsgi

Website linkhttps://www.democrance.com/

6. Addenda

About the startup:

Addenda is a UAE based InsureTech startup, it uses distributed ledger technology (DLT) to streamline processes between insurance companies. Tailored tasks are reported in real-time on a user-friendly interface, and then timestamped as evidence onto the blockchain. This allows insurers to report claim and policy changes in a completely verifiable and encrypted manner.

What categories does it deal with?

Health Insurance, Life Insurance, Motor Insurance

What technology does it use?

Addenda uses DLT (distributed ledger technology), and blockchains 

Analytics and Tracking – Google Analytics, Global Site Tag

Email Hosting Providers – Google Apps for Business, SPF, Microsoft Azure DNS

Web Hosting Providers – Softlayer

Web Servers – Apache

Website link –  https://www.addenda.tech/

7. Felix

About the startup:

Felix is a next gen technology platform for insurance brokers. Felix comes pre-integrated with pricing, rating, and product information from several of UAE’s major insurance companies. This platform seamlessly connects insurers, intermediaries, and customers.

What categories does it deal with?

Home insurance, Car insurance, Travel Insurance, Health Insurance, Life Insurance

What technology does it use?

It uses a quoting engine and a broker software.

Analytics and Tracking – Hotjar, Inspectlet, Google Analytics, Global Site tag, Google Conversion Linker, LinkedIn Insights

Frameworks – Squarespace CMS

Email Hosting Providers – Mandrill, Help scout, SPF, Google Apps for Business

Web Hosting Providers – Amazon

Website linkhttps://felix.insure/

8. BuyAnyInsurance

About the startup:

It specializes in making a comparative analysis of the insurance products based on price, quality, and key benefits. Its aim is to digitize the old-school, traditional insurance process for its customers in a simple and efficient way.

What categories does it deal with?

Home insurance, Car insurance, Travel Insurance, Health Insurance, Life Insurance

What technology does it use?

Analytics and Tracking – Mixpanel, Proof, Google Optimize 360, Cloudflare Insights, Google Analytics, Google Conversion tracking, Facebook Pixel, Facebook Conversion Tracking, Google Conversion Linker, TikTok Conversion Tracking Pixel, Cloudflare Rocket Loader

Frameworks – PHP

Email Hosting Providers – MailJet, SPF, Google Apps for Business

Web Hosting Providers – OVH, Cloudflare Hosting

Web Servers – Apache

Website linkhttps://www.buyanyinsurance.com/

9. Sehteq

About the startup:

Sehteq (Arabic for your health) is a digital health insurance company in the UAE. Sehteq offers low cost, consumer centric, and regulatory compliant health insurance plans to individuals, SME’s, and large groups in 6 out of the 7 Emirates in UAE and it is soon going to launch in Abu Dhabi.

What categories does it deal with?

Health Insurance

What technology does it use?

It uses an AI based quotation engine

Analytics and Tracking – Mixpanel, Inspectlet

Frameworks – PHP

Email Hosting Providers – SPF, Google Apps for Business

Web Hosting Providers – Amazon

Web Servers – Apache

Website linkhttp://www.sehteq.com/

10. Dezzex

About the startup:

Dezzex is an AI-based startup upgrading the process of damage assessment for vehicles by employing latest technologies in artificial intelligence and making use of advanced analytical and deep learning algorithms to assess damage for insurance claims, car rentals, auto workshops, and fleet owners. 

What categories does it deal with?

Vehicle Insurance

What technology does it use?

It uses AI technology and deep learning algorithms for claim settlement

Analytics and Tracking – Global Site Tag, Inspectlet, Google Analytics

Email Hosting Providers – SPF, Office 365 Mail, Microsoft Exchange Online

Web Hosting Providers – Amazon

Web Servers – Apache

Website linkhttps://www.dezzex.com/

These are some of the top InsurTech startups in UAE, Make sure to check the InsurTech sites before you buy insurance online.

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