UAE: Strategic partnership introduces no-code technology to accelerate digitisation
Source: Middle East Insurance Review | Jul 2020
Dubai-based boutique and corporate innovation accelerator Sidani Innovative Management Services (SIMS) and Zurich-based technology provider Innoveo have formed a strategic partnership to help the regional (re)insurance ecosystem rapidly adopt innovative technologies and successfully implement digitisation initiatives.
The collaboration will help the sector through Innoveo’s no-code technology platform and SIMS’s digitalisation consulting and implementation services.
The ability to launch new products in real time helps clients offer financial and insurance products through multiple distribution channels while improving process efficiencies relating to risk assessments, policy issuance, customer advisory, servicing and claims resolution. Innoveo Skye® empowers businesses with the ability to launch powerful applications up to 10 times faster than conventional development processes, enabling financial businesses and carriers to go to market with new products in weeks.
Innoveo CEO Amir Ghaffar said, “Digital transformation is critical to foster and accelerate the current period of rapid change and growth in the Middle East. We are excited to partner with SIMS, the leading global business innovation and management consultancy with specific expertise in the (re)insurance sector in the Middle East, who will be instrumental in leading this change.”
SIMS president Walid Sidani said, “We are delighted to announce this partnership with Innoveo, who we recognise as a global technology leader in the no-code digital platform space. Our joint marketing and solutions development efforts will enable our clients to fast-forward their digitisation trek through our regional FinTech hub presence in the UAE to ensure a rapid response and deployment.
“The first half of 2020 redefined how (re)insurance companies collaborate with internal customers and interact with external stakeholders. (Re)insurance companies can no longer rely on business plans requiring evolutionary investments in technology. This is not a passing trend, but the new normal. They now need to revolutionise their client-facing apps and platforms and internal business processes. The SIMS-Innoveo partnership will be their catalyst and partner for cost-effective technology solutions.” M