Saudi insurtech DESAISIV launches its AI Insurance Agent

Corporate insurance is expensive, slow, and still largely managed through spreadsheets. Saudi insurtech DESAISIV thinks AI can fix that, and it's raising $8 million to prove it.

The company has launched its AI Insurance Agent, a platform built to automate how medium and large enterprises buy, manage, and negotiate corporate insurance. The funding round, open now, will support AI development, product expansion, and growth into new insurance segments including motor, leasing, and general insurance.

Founded in 2023 by Mohammad Nabhan and Saed Khawaldeh, DESAISIV has moved quickly. It now counts more than 600 corporate clients, works with 18 insurers and brokers, and manages insurance portfolios worth over SAR 2 billion. Its next target is SAR 10 billion in premiums processed through the platform.

How does it work?

The AI Insurance Agent uses what the company calls agentic AI to handle tasks that traditionally require significant manual effort. According to DESAISIV, the platform can:

• Benchmark insurance pricing against market rates
• Evaluate policy performance across a company's full portfolio
• Identify where costs can be cut
• Negotiate premiums on behalf of the enterprise
• Optimise coverage throughout the policy lifecycle

The goal is to give procurement and finance teams real-time intelligence on their insurance spend, rather than relying on annual broker reviews and static reports.

Why does it matter?

Insurance is a significant operating cost for large enterprises, but it has historically been one of the least digitised categories of corporate spend. Most decisions still depend on broker relationships and manual data gathering. A platform that automates benchmarking and negotiation could meaningfully reduce costs at scale, especially for companies managing complex, multi-line portfolios.

The context

DESAISIV is operating in a market shaped by Saudi Vision 2030's push to diversify financial services and grow the insurance sector. The Kingdom has been actively expanding insurance penetration, and regulators have shown increasing openness to technology-driven models. For a startup with SAR 2 billion already under management and a clear expansion roadmap, the timing is solid.