Rasen—the Saudi company specializing in insurance and financial technologies—concluded its active participation in the “GITEX Global 2021" exhibition, which took place from October 17 to 20 at the Dubai World Trade Center, as part of its efforts to encourage innovation and create value in the insurance and finance sectors by presenting its creative solutions (SME10X).

Benefits of Modern Technology

The ”GITEX FinTech Surge 2021“ event, held under the theme ”Highlighting the Benefits of Modern Technology in the Finance Sector," the innovations introduced in the banking, asset and wealth management, insurance, regulatory, and other sectors, as the fintech market in the Middle East and North Africa is expected to reach US$2.5 billion by 2022.

Various Insurance Innovations

Rasan, a leader in insurance technology, showcased its various innovations in auto and medical insurance through its innovative platform ”Tamani“ during the ”FinTech Surge" event. The goal of its participation was to highlight three key points that distinguish its products:

1- Ease of Use: Sharing its success story in simplifying its technologies to suit all users.

2- Leadership: Introducing innovative and unprecedented solutions in the field of insurance technology.

3- Sustainability: Promoting sustainable economic growth and improving productivity.

Innovative Solutions in Insurance Technology

Meanwhile, Muayad Al-Flag, CEO of ”Rasen," participated in the sessions accompanying the exhibition, where, in his speech, he highlighted the company’s experience in the fields of innovative solutions in insurance and financial technologies, showcasing the products the company has developed and its success story through the simplification of its digital technologies.

Al-Flag emphasized the extent to which Saudi Vision 2030 has contributed to achieving qualitative leaps in Saudi Arabia in the development and support of financial and insurance technologies, and its positive impact on the development of small and medium-sized enterprises specializing in this field, which will actively contribute to the transition to a digital economy. Al-Flagh highlighted ”Rasen’s“ leadership in providing creative, innovative, and unprecedented solutions in the field of insurance and financial technologies, as well as the partnerships through which the company has achieved numerous successes. He noted the company’s launch of the ”Tamani," which sparked a digital boom in the regional insurance technology sector.

Full integration with stakeholders

Al-Flag spoke about the experience of Rasen’s technology platforms ”Tamani and Tereza”—which were designed and developed in the Kingdom of Saudi Arabia and are characterized by their full integration with all stakeholders, including insurance companies, data providers, and electronic payment gateways—which provide instant insurance to customers, which aligns with the company’s vision of providing innovative and convenient solutions to help the community and deliver outstanding, world-class customer service.”