InsurTech DESAISIV hits the 1 billion SAR ($270M) milestone

InsurTech firm DESAISIV proudly announced that it has reached the successful management of 1 billion SAR (about $270M) milestone of its health insurance portfolio. This milestone establishes DESAISIV as an industry trailblazer, showcasing its commitment to revolutionizing the insurance landscape and providing unwavering support to businesses through its platform.

DESAISIV's platform

The company's platform streamlines various facets of health insurance, tailoring policies for optimized benefits and coverage, predicting emerging diseases, and identifying high-risk behaviors. Its highlights include:

• Tailored solutions: DESAISIV collaborates closely with clients to craft personalized health insurance policies that align with their specific business requirements.
• Cutting-edge technology: Leveraging advanced AI algorithms for real-time monitoring, DESAISIV empowers businesses to track the performance of their health insurance policies, facilitating well-informed decision-making.
• Employee well-being: By enabling access to a wide range of health insurance benefits while optimizing insurance premiums, DESAISIV assists businesses in attracting and retaining top talent, fostering a healthy and motivated workforce.

The context

DESAISIV previously secured a significant pre-seed investment of $2 million from a diverse group of regional and international investors. These funds were used to enhance DESAISIV's capabilities — enabling the company to expand its technological infrastructure, increase its market share in KSA, and refine its array of services.

The company was founded in 2022 by Saed Khawaldeh and Mohamad Nabhan.