Saudi InsurTech DESAISIV Launches AI Insurance Agent, Seeks $8M Growth Capital

DESAISIV founders: Mohamad Nabhan and Saed Khawaldeh

Enterprise insurance remains one of the largest operating expenses for businesses worldwide, yet many organizations continue to rely on manual processes, spreadsheets, fragmented systems, and slow negotiations. Saudi Arabian InsurTech startup DESAISIV aims to change that with the launch of its AI Insurance Agent, an enterprise platform designed to automate insurance procurement, management, and optimization using agentic artificial intelligence.

Alongside the product launch, the company has announced an $8 million growth funding round to accelerate research and development, expand its enterprise software portfolio, and strengthen its position as the AI infrastructure powering enterprise insurance across Saudi Arabia and the wider Middle East.

Founded in 2023, DESAISIV has already built significant commercial traction, serving more than 600 enterprise customers, partnering with 18 insurance brokers and insurers, and managing a corporate insurance portfolio exceeding SAR 2 billion (approximately US$533 million).

Why Does Enterprise Insurance Need AI?

Corporate insurance represents one of the largest recurring operational costs for medium and large enterprises. However, much of the insurance industry still depends on:

• Manual policy reviews
• Spreadsheet-based portfolio management
• Lengthy broker negotiations
• Fragmented insurance data
• Limited real-time visibility into coverage and costs

These inefficiencies often lead to higher premiums, slower decisions, and missed opportunities for cost optimization.

DESAISIV's AI Insurance Agent is designed to replace these manual workflows with intelligent automation, allowing enterprises to analyze policies, benchmark market pricing, negotiate premiums, and optimize insurance portfolios from a single AI-powered platform.

The launch also aligns with Saudi Arabia's broader Vision 2030 digital transformation agenda, which continues to encourage AI adoption across financial services and enterprise software, creating favorable conditions for platforms like DESAISIV.

How Does DESAISIV's AI Insurance Agent Work?

Powered by agentic AI, DESAISIV combines advanced analytics, automation, and insurance expertise into a platform that continuously evaluates enterprise insurance programs.

Its capabilities include:

AI Capability	Business Benefit
Market price benchmarking	Compares premiums against current market conditions
Policy performance analysis	Identifies underperforming insurance coverage
Cost optimization	Recommends opportunities to reduce insurance spending
Premium negotiation support	Uses data-driven insights during broker negotiations
Portfolio lifecycle management	Continuously monitors insurance performance
Real-time analytics	Improves strategic decision-making with live data

Rather than simply digitizing insurance paperwork, the platform functions as an intelligent decision-support system that helps enterprises manage insurance more strategically throughout the policy lifecycle.

How Has DESAISIV Grown Since Its Founding?

Founded in 2023 by Mohamad Nabhan and Saed Khawaldeh, DESAISIV has rapidly become one of Saudi Arabia's fastest-growing enterprise InsurTech companies.

Its current growth metrics include:

Metric	Current Scale
Founded	2023
Corporate clients	600+
Insurance partners	18 brokers and insurers
Insurance portfolio managed	SAR 2 billion+
Current funding round	US$8 million
Future insurance volume target	SAR 10 billion+

The company plans to increase insurance premiums processed through its platform from SAR 2 billion today to more than SAR 10 billion, representing a fivefold expansion as it broadens its product offering.

What Markets Will DESAISIV Expand Into?

While DESAISIV initially focused on corporate health insurance, its roadmap extends into several additional enterprise insurance segments, including:

• Motor insurance
• Leasing insurance
• General insurance
• Enterprise risk management
• AI-powered financial solutions

This broader strategy positions the company at the intersection of artificial intelligence, enterprise software, and insurance technology (InsurTech)—three sectors experiencing rapid investment globally.

How Will the $8 Million Funding Be Used?

The newly announced US$8 million growth round will support four strategic priorities:

• Accelerate AI research and development
• Expand enterprise insurance products
• Build strategic industry partnerships
• Scale commercial operations across regional markets

As enterprise demand for intelligent automation continues to rise, DESAISIV aims to become the foundational AI platform connecting insurers, brokers, and corporate buyers through a single data-driven ecosystem.

Saudi Arabia has become one of the Middle East's fastest-growing technology markets, supported by government-led AI initiatives, expanding venture capital activity, and enterprise digital transformation. Organizations including SDAIA, MISK Foundation, and startup ecosystems such as The Garage continue to strengthen the country's AI innovation landscape, creating opportunities for enterprise-focused startups.

What Do the Founders Say About the Company's Vision?

Co-Founder Saed Khawaldeh believes insurance remains one of the world's largest industries but one of its least technologically advanced.

According to Khawaldeh, DESAISIV's AI Insurance Agent transforms complex insurance data into actionable intelligence that enables enterprises to reduce costs, improve decision-making, and unlock operational efficiencies.

Co-Founder Mohamad Nabhan added that the company's long-term ambition extends beyond workflow automation. DESAISIV aims to build an AI operating system for enterprise insurance that connects insurers, brokers, and businesses while automating complex decisions and creating a more transparent, data-driven insurance ecosystem.

Why Does DESAISIV Matter for Saudi Arabia's AI Ecosystem?

DESAISIV reflects a broader shift in Saudi Arabia's startup ecosystem, where AI is increasingly being embedded into enterprise infrastructure rather than consumer applications alone.

With more than 600 enterprise customers, SAR 2 billion under management, and an ambitious target of processing SAR 10 billion in insurance premiums, the company is positioning itself as one of the Kingdom's emerging enterprise AI platforms.

As Saudi Arabia continues investing heavily in AI, digital transformation, and fintech under Vision 2030, startups building foundational enterprise infrastructure could play an increasingly important role in modernizing regulated industries such as insurance.

 

 

FAQs

1. What is DESAISIV?
DESAISIV is a Saudi Arabian InsurTech startup founded in 2023 that develops AI-powered software for enterprise insurance management. The company currently serves more than 600 corporate customers.

2. What is DESAISIV's AI Insurance Agent?
The AI Insurance Agent is an enterprise platform that automates insurance procurement, policy management, premium benchmarking, cost optimization, and strategic insurance decision-making using agentic artificial intelligence.

3. How much funding is DESAISIV raising?
DESAISIV has opened an US$8 million growth funding round to accelerate AI research and development, expand its enterprise product portfolio, and scale commercial growth.

4. How large is DESAISIV's insurance portfolio?
The company currently manages a corporate insurance portfolio exceeding SAR 2 billion and aims to process more than SAR 10 billion in insurance premiums as it expands into additional insurance segments.

5. Why is DESAISIV significant for Saudi Arabia's startup ecosystem?
DESAISIV represents Saudi Arabia's growing enterprise AI sector by applying artificial intelligence to insurance infrastructure, supporting the Kingdom's Vision 2030 digital transformation and broader AI ambitions.