(MENAFN- The Peninsula) The Peninsula
Doha: Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, in partnership with Deloitte, google Cloud, QIC Digital Venture Partner (QIC DVP) and Qatar financial Centre (QFC) recently held the InsurTech MENA Summit 2022, a first of its kind event in the region.
Hundreds of technology leaders, investors, and insurance innovators gathered during the event to envisage how to unlock better customer experiences in the mobility and health insurance verticals through new value propositions and solutions in big tech analytics, AI/ML, behavioral economics and conversational AI and officiate the InsurTech MENA ecosystem.
In what was QIC Group's first hybrid event, over 500 participants viewed and interacted online and more than 250 attended the daylong summit in-person at St Regis Hotel Doha, with delegates, guests and speakers flying into Qatar from the region and around the world.
The summit also brought 6 Insurtech startup finalists from“InsurHack MENA” - the first InsurTech Hackathon in the MENA region, also organised by QIC Group, together with Deloitte, Google Cloud and QIC DVP, the venture builder arm of QIC Group – who came to share innovation, trends and insights around insurance in the region.
Officials and participants during the InsurTech MENA Summit 2022 organised by QIC, recently.
At the end of the summit, Salem Al Mannai, Group CEO of QIC Group said:“We leveraged our strong regional and international influence to build this platform and create this much-needed community in the region. After the InsurHack MENA we at QIC Group and our partners managed to come together once again online and in-person for a day of conversation, inspiration and recommitment to the cause of reshaping the digital insurance landscape in the region by building new digital ventures and strategically investing in high potential early-stage InsurTech startups”.
As a responsible insurer and a responsible investor, QIC Group's InsurTech MENA Summit 2022 was yet another initiative made towards affirming its commitment to Qatar's agreement to reduce greenhouse gas emission by 25 percent by 2030.
Al Mannai added:“InsurTech MENA Summit 2022, provided insurance companies, tech players and government entities both, regionally and globally, a platform and an opportunity to expand their digital business into new markets. QIC Group's focus will remain in enhancing shareholder value by accomplishing a profitable, successful and socially and environmentally responsible global organisation, with its heart in Qatar”.
As part of its digital strategy, QIC Group in April announced the creation of QIC DVP, a business unit that is quickly becoming the ecosystem orchestrator for InsurTech and the go-to-digital insurance partner in the MENA region. With InsurHack, QIC DVP aims to reshape the digital insurance landscape by building new digital ventures and strategically investing in high potential early-stage startups.
InsurTech MENA Summit 2022 was also organised in partnership with Anthemis - the world's leading InsurTech Venture Capital, Prifina - a leading personal data platform in Silicon Valley and QFC, the go-to commercial hub between East and West, Plug and Play Middle East, the leading innovation platform in the Middle East, and QLM Life & Medical Insurance Company – the leading medical and life insurer in Qatar.
“Qatar has a leading position in the insurance sector in the Middle East and developing an Insurtech epic centre is a logical step that is fully supported by Qatar Financial Centre.” said Henk Hoogendoorn, Chief of Financial Sector Office at QFC.
“The MENA Insurtech hackathon showcased the brilliant talent and innovation in the region, and the incredible potential for building more personalised services that compete on a global scale. We are delighted to see innovative companies arise with a strong partner ecosystem and look forward to supporting them long term as they work on solving complex problems utilising data and AI,” said Markus Lampinen, Co-founder and CEO of US-based Prifina, commenting on the 6 finalists' pitches from startups.
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