UAE: Anoud Tech launches UAE Operations
Source: Middle East Insurance Review | Jun 2024
Anoud Technologies (Anoud Tech), a global InsurTech group based in Qatar, launched its UAE branch last month as part of its strategy to become the IT platform provider of choice for the insurance industry in the MENA region and beyond.
Established in 2020, by QIC in close collaboration with Swiss Re, Anoud Tech aims to digitally revolutionise the insurance industry by helping insurers worldwide shift from legacy systems to its end-to-end, future ready IT platform, Anoud+.
Anoud+ is a best-in-class integrated insurance suite, with powerful digital solutions which cover the entire insurance lifecycle. Anoud+ offers insurance firms a competitive advantage in today’s digitised marketplace by boosting revenues through digitised offerings for customers and efficiencies through smart automations.
Mr Ahmed Al Jarboey, Anoud Tech Board Member, noted that opening the UAE branch is a major step for the company to achieve the next level of growth. He added: “We are pleased to attain this milestone and are confident that Anoud Tech will play an instrumental role in modernising the insurance industry in the UAE and the broader MENA region.”
KV Kumar, Anoud Tech CEO, noted that the company decided to establish an office in Dubai to address the strong growth in demand for technology transformations in the UAE and regional insurance sector. He added: “A growing number of insurance companies in the UAE and the GCC at large are looking to shift to modern IT platforms to drive growth and profitability. Anoud Tech, with its best-in-class insurance suite Anoud+, is well positioned to support insurers in achieving positive outcomes from their digital transformation journeys.”
Anoud Tech Chief Marketing Officer Shuja Noorani noted that Anoud Tech is excited at the opportunity to modernise the regional insurance industry while offering the highest standards of service and responsiveness. M