QIC holds InsurTech MENA Summit 2022

Doha: Qatar Insurance coverage Group (QIC), the main insurer in Qatar and the MENA area, in partnership with Deloitte, Google Cloud, QIC Digital Enterprise Associate (QIC DVP) and Qatar Monetary Centre (QFC) lately held the InsurTech MENA Summit 2022, a primary of its sort occasion within the area.

A whole lot of know-how leaders, buyers, and insurance coverage innovators gathered throughout the occasion to envisage easy methods to unlock higher buyer experiences within the mobility and medical health insurance verticals by way of new worth propositions and options in huge tech analytics, AI/ML, behavioral economics and conversational AI and officiate the InsurTech MENA ecosystem.

In what was QIC Group’s first hybrid occasion, over 500 contributors seen and interacted on-line and greater than 250 attended the daylong summit in-person at St Regis Lodge Doha, with delegates, friends and audio system flying into Qatar from the area and world wide.

The summit additionally introduced 6 Insurtech startup finalists from “InsurHack MENA” – the primary InsurTech Hackathon within the MENA area, additionally organised by QIC Group, along with Deloitte, Google Cloud and QIC DVP, the enterprise builder arm of QIC Group – who got here to share innovation, tendencies and insights round insurance coverage within the area.

Officers and contributors throughout the InsurTech MENA Summit 2022 organised by QIC, lately.

On the finish of the summit, Salem Al Mannai, Group CEO of QIC Group mentioned: “We leveraged our robust regional and worldwide affect to construct this platform and create this much-needed group within the area. After the InsurHack MENA we at QIC Group and our companions managed to return collectively as soon as once more on-line and in-person for a day of dialog, inspiration and recommitment to the reason for reshaping the digital insurance coverage panorama within the area by constructing new digital ventures and strategically investing in excessive potential early-stage InsurTech startups”.

As a accountable insurer and a accountable investor, QIC Group’s InsurTech MENA Summit 2022 was yet one more initiative made in the direction of affirming its dedication to Qatar’s settlement to cut back greenhouse gasoline emission by 25 p.c by 2030.

Al Mannai added: “InsurTech MENA Summit 2022, supplied insurance coverage corporations, tech gamers and authorities entities each, regionally and globally, a platform and a chance to develop their digital enterprise into new markets. QIC Group’s focus will stay in enhancing shareholder worth by engaging in a worthwhile, profitable and socially and environmentally accountable world organisation, with its coronary heart in Qatar”. 

As a part of its digital technique, QIC Group in April introduced the creation of QIC DVP, a enterprise unit that’s rapidly changing into the ecosystem orchestrator for InsurTech and the go-to-digital insurance coverage associate within the MENA area. With InsurHack, QIC DVP goals to reshape the digital insurance coverage panorama by constructing new digital ventures and strategically investing in excessive potential early-stage startups.

InsurTech MENA Summit 2022 was additionally organised in partnership with Anthemis – the world’s main InsurTech Enterprise Capital, Prifina – a number one private knowledge platform in Silicon Valley and QFC, the go-to industrial hub between East and West, Plug and Play Center East, the main innovation platform within the Center East, and QLM Life & Medical Insurance coverage Firm – the main medical and life insurer in Qatar.

“Qatar has a number one place within the insurance coverage sector within the Center East and creating an Insurtech epic centre is a logical step that’s absolutely supported by Qatar Monetary Centre.” mentioned Henk Hoogendoorn, Chief of Monetary Sector Workplace at QFC.

“The MENA Insurtech hackathon showcased the good expertise and innovation within the area, and the unbelievable potential for constructing extra personalised companies that compete on a worldwide scale. We’re delighted to see revolutionary corporations come up with a powerful associate ecosystem and look ahead to supporting them long run as they work on fixing complicated issues utilising knowledge and AI,” mentioned Markus Lampinen, Co-founder and CEO of US-based Prifina, commenting on the 6 finalists’ pitches from startups.