- Saudi InsurTech Startup DESAISIV Launches AI Insurance Agent, Opens $8 Million Growth Round
- The company aims to expand its AI-powered insurance platform after surpassing SAR 2 billion in managed corporate insurance portfolios.
Saudi-based insurtech startup DESAISIV has launched AI Insurance Agent, an artificial intelligence-powered platform designed to transform how enterprises purchase, manage, negotiate, and optimize corporate insurance programs.
Alongside the launch, the company has opened an $8 million growth funding round to accelerate product development and strengthen its position as an AI infrastructure provider for the corporate insurance industry.
Founded in 2023 by Mohammad Nabhan and Saed Al-Khawaldeh, DESAISIV leverages artificial intelligence to help businesses compare insurance quotations, optimize policy performance, negotiate better premiums, and reduce insurance costs while improving operational efficiency.
How AI Insurance Agent Works
The platform combines Agentic AI, advanced analytics, and insurance expertise to automate complex insurance workflows.
It enables enterprises to benchmark market pricing, evaluate policy performance, identify cost-saving opportunities, negotiate more competitive premiums, and continuously optimize insurance programs throughout their lifecycle.
By replacing fragmented systems, spreadsheets, and manual processes with AI-driven insights, the platform helps organizations make faster, more transparent, and data-driven insurance decisions.
Serving More Than 600 Corporate Clients
DESAISIV currently serves more than 600 corporate clients, collaborates with 18 insurance brokers and carriers, and manages corporate insurance portfolios exceeding SAR 2 billion.
The company plans to increase the value of insurance premiums managed through its platform to more than SAR 10 billion, while expanding beyond corporate health insurance into motor insurance, leasing, general insurance, enterprise risk management, and AI-powered financial services.
$8 Million to Accelerate AI Expansion
The new funding round will be used to accelerate AI research and development, expand the company’s enterprise product portfolio, strengthen strategic partnerships, and support expansion into new insurance segments.
According to Saed Al-Khawaldeh, Co-Founder of DESAISIV, insurance is one of the world’s largest industries but remains among the least digitally transformed.
He said artificial intelligence has the potential to fundamentally reshape how organizations purchase, manage, and optimize insurance by converting complex data into actionable insights that improve decision-making and reduce costs.
Co-Founder Mohammad Nabhan added that DESAISIV’s vision extends beyond digitizing insurance processes.
The company aims to build an AI-powered operating system for corporate insurance that connects all stakeholders, automates complex decisions, and enhances transparency and efficiency.
He noted that the new funding round will accelerate the execution of this vision and support expansion into new markets and insurance sectors.
Read the article in
