UAE-based insurtech start-up Aqeed has introduced a cloud-based platform to help insurance brokers embraced digital channels.

The new tool, known as Aqeed Sales and Aqeed Brokers, is designed to help insurance brokers establish their digital stores to sell insurance online.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The Shopify-like platform can be set up easily and does not need investing any resources on the software.

The new platform will allow insurance brokers to manage policy issuance, carry out verification of documents and update insurance policies. Using the new tool, they can also add new products and manage the renewal of insurance policies.

Aqeed CEO HadiRadwan said that insurance distribution in UAE and in the region is still sold primarily by traditional, offline insurance brokers, who are looking to become digital players.

“We saw an opportunity to enable insurance brokers to capture that opportunity in e-commerce without wasting time and money on developing their own solution and focus on what matters most – selling,” Hadi added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Aqeed charges a fixed fee per policy or quotation from the brokers. The brokers can avail its monthly subscription, which can be cancelled at any time with no commitments.

Aqeed was launched last year with $18m of funding from its corporate founders.

Earlier this year, Aqeed launched an HR SaaS well for SMEs, which allow them to manage their HR, payroll, medical insurance, as well as employee benefits.