Digital Transformation
Helping insurers modernise systems and processes to drive efficiency and customer-centricity. Legacy assessment, roadmap design, and implementation support — from strategy through execution.
The Innovation Studio · Riyadh, KSA
The only licensed insurtech innovation studio in Saudi Arabia.
We don't advise from the outside — we build from the inside. Licensed by MISA, registered with Monsha'at, and embedded in the Kingdom's regulatory and commercial fabric. End-to-end technology, transformation, and venture building for insurers, MGAs, brokers, and startups.
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Licensed & registered
The InsurTech operates in the Kingdom under licence from the Ministry of Investment (MISA) and is registered with Monsha'at — the General Authority for Small and Medium Enterprises. Not a foreign advisory firm with a Riyadh mailing address. A Saudi-registered entity with local contracts, local delivery, and full accountability — fully authorised to operate, invest, and build inside the Kingdom.
Licensed by
Ministry of Investment (MISA)
Registered with
Monsha'at · KSA SME Authority
Why The InsurTech
We don't just connect.
We don't just connect.
We build.
Most ecosystem players make introductions. We go further — we design, develop, and deploy the technology and programmes that turn insurance ambition into market reality.
01Delivery
Operator, not advisor
End-to-end delivery
From digital transformation strategy to platform deployment — we don't hand you a roadmap and leave. We build alongside you, own delivery, and stay through go-live and beyond.
02Local
MISA + Monsha'at
Kingdom-native by law
Licensed by the Ministry of Investment. Registered with Monsha'at. We operate inside the Kingdom's regulatory and commercial structure — with signing authority, local contracts, and full accountability.
03Network
4,000+ startups · 20+ carriers
Ecosystem, not just services
We connect insurers with vetted startups, investors with curated deal flow, and partners with structured programmes. Every engagement strengthens the ecosystem around it.
04Mandate
~2% penetration → Vision 2030
Vision 2030 aligned
Everything we build is designed to close the Kingdom's insurance penetration gap — from mandatory motor to embedded distribution to AI-powered underwriting. Not a tagline. The mandate.
By the numbers
Ecosystem & programme · Updated 2025
Pipeline
4,000+
Startups in our pipeline across MENA, Africa & Europe
Carriers
20+
Carrier & institutional relationships across the region
Track record
10+
Years of insurance innovation & ecosystem building
3X Programme
12 wks
From mandate alignment to a signed pilot with a Saudi carrier
End-to-end solutions for insurers, MGAs, brokers,
and the wider ecosystem.
Hands-on technology and transformation services designed for the Saudi insurance market.
Product Innovation
Design and launch of customer-centric insurance products that create value. From concept validation to regulatory-ready product architecture — built for the Kingdom's evolving market.
Platform Development
Robust digital platforms tailored to your business. Core systems, customer portals, agent tools, and distribution platforms designed for scale.
Data Solutions
Data engineering, analytics, and AI/ML for smarter decisions. Actuarial automation, fraud scoring, customer segmentation, and predictive analytics.
Cloud Solutions
Scalable, secure, future-ready cloud. Migration planning, architecture design, and managed services built for insurance-grade compliance.
Integration Services
Seamless integration with partners and third-party systems. API design, middleware, bancassurance connectivity, and ecosystem interoperability.
Process Automation
Streamline operations and reduce costs with intelligent automation. Claims processing, policy administration, underwriting workflows, and compliance automation.
Aicha Ghaffari
Managing Director, MENA InsureLab
The GCC holds over $30 billion in gross written premiums — and it's still one of the most underserved insurance markets in the world. The investors and operators that move now won't just capture returns; they'll shape how 400 million people experience insurance.
Shaping the future of insurance
in Saudi Arabia and beyond.
We look forward to collaborating with insurers, startups, investors, and ecosystem partners.
Driving innovation
and delivering better outcomes.
We work with Saudi insurers to identify innovation priorities, source and vet the right technology partners, run structured pilots, and deploy solutions that move the needle on growth, efficiency, and customer experience.
For insurers →Building disruptive solutions
for the future of insurance.
Whether you're a Saudi-based founder or entering the Kingdom from elsewhere — we provide structured access to carrier decision-makers, regulatory support, pilot facilitation, and co-investment pathways through the 3X Programme.
For startups →Powering ideas
and accelerating growth in insurtech.
Curated deal flow from the Kingdom's most active insurtech pipeline. Co-investment alongside institutional anchors, entity setup support via our MISA licence, and Vision 2030 sector positioning.
For investors →Creating a connected ecosystem
for lasting impact.
We partner with accelerators, venture studios, government entities, and corporates to build programmes, launch platforms, and scale insurance innovation across the Kingdom.
Our ecosystem →Three outcomes.
Twelve weeks.
The Kingdom's structured route from insurtech ambition to Saudi-market reality. Not a pitch competition — a deployment programme.
Mandate alignment → Pilot build → Signed pilot & capitalMandate alignment
We work with the sponsoring insurer to define the problem statement, success metrics, and regulatory context. Insurtechs are assessed and matched. The cohort is confirmed.
Pilot build & regulatory pathway
Insurtechs build or configure for the Saudi deployment. Sandbox applications are filed where applicable. Weekly milestones with the carrier team.
Signed pilot & capital readiness
Pilots go live. Evaluation report delivered. Signed pilot LOI executed. Warm introductions to Saudi family offices, regional VCs, and CVCs.
01Outcome
A signed pilot
Live deployment with a Saudi carrier. Real users, real data, real revenue path.
02Outcome
A regulatory pathway
Sandbox application or full licensing roadmap. Filed, not theorised.
03Outcome
Capital readiness
Warm introductions to family offices, VCs, and CVCs. Co-investment on the table.
The relationship
Powered by MENA InsureLab.
The InsurTech is the Saudi-market identity and innovation studio of MENA InsureLab. The wider regional ecosystem — partnerships, programmes, capital — is the same. The brand is local because the Kingdom expects a local partner.
About MENA InsureLab →
Ready to build the future of insurance in the Kingdom? Let's build it together.
Discuss a mandate
Book a 30-minute conversation about your innovation priorities, the 3X Programme, or a specific technology challenge. No pitch — a direct conversation with the team that builds.
Join our ecosystem
Apply to the 3X Programme, explore a partnership, or tell us about the solution you're building for the Kingdom. We respond within 48 hours.
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