Left to right: Mohammad Nabhan, Managing Partner & Co-Founder of DESAISIV; Saed Khawaldeh, CEO and Co-Founder of DESAISIV .
Doha: DESAISIV, one of the leading commercial insurance data platforms designed to help insurers reduce loss ratio is setting up its office in Qatar.
Partnering with various Qatari tech accelerators, DESAISIV is looking forward to commencing its operations towards the end of the second quarter of this year.
Speaking to The Peninsula on the sidelines of the startup, Saed Khawaldeh, CEO and Co-Founder of DESAISIV said that the company “built a comprehensive and powerful AI engine in collaboration with top AI scientists at the University of Oxford.
The products aim to help insurance companies in improving quality of services, optimising insurance processes, and predicting forthcoming diseases with average prediction accuracy over 95 percent.”
Several other insurance companies around the globe use products by DESAISIV to optimise underwriting, automate medical approvals, detect fraud, reduce their loss ratio, and augment customers’ renewal rates.
With its latest technologies and methods, the tools are well-versed and invaluable tools for insurers for businesses serving their customers. Having established offices across the globe including Saudi Arabia, Jordan, UAE, and the United Kingdom, DESAISIV aims to serve clients and customers across all platforms and markets worldwide with the latest AI technologies that processed over a billion data points and 14.6 million patient records so far.
This eventuated in saving insurers over $14.2m (QR51.70m) and was a vital support system for more than fifteen global insurance organisations.
Khawaldeh added that “Number of insured members supported by DESAISIV has increased by 54X, the number of insurance clients using DESAISIV SaaS has increased by 5X, and total benefits DESAISIV has achieved for its clients reached over $14m (QR51m), and DESAISIV annual revenue has increased by 11X, in 2022 only.”
Mohammad Nabhan, Managing Partner & Co-Founder of DESAISIV told The Peninsula that "Offering fascinating benefits and incentives, exhibiting a nice work culture, reaching out to workers who would benefit the firm, making sure employees know what is expected of them, treating employees fairly, and improving engagement to help reduce bias are all examples of these strategies.”
Having partnered with numerous health insurance firms and other international companies across the region, DESAISIV acts as a “powerful commercial data platform” enabling insurers to increase their renewal rate, reduce their loss ratio, and reduce their expense ratio. By establishing an outlet in Qatar, Nabhan outlined that it is certain to benefit the community and strengthen its presence with current investment round aims in the gulf market and beyond.
