DESAISIV Opens US$8M Round to Take AI Insurance Beyond Health Cover

DESAISIV has opened a US$8 million growth round and launched an artificial intelligence platform for managing corporate insurance. The Saudi insurtech was founded in 2023 by Mohammad Nabhan and Saed Khawaldeh.

Corporate cover is one of the larger line items a company carries. Plenty of organisations still administer it with spreadsheets, manual handoffs and systems that do not talk to each other. That is the gap the company is selling into, and it is a wide one.

Its AI Insurance Agent applies analytics to benchmark market pricing and to test how well a given policy is performing. From there it surfaces savings and returns real-time insight, which shortens the distance between a question and a decision. The platform also supports premium negotiation and the optimisation of an insurance programme across the whole policy lifecycle.

What the numbers look like

DESAISIV works with 18 insurers and brokers. It serves more than 600 corporate clients and manages an insurance wallet for them above SAR2 billion. Insurers and brokers sit on the partner side of that ledger rather than the competitive one.

The new capital is meant to push the business past corporate health cover, its current base. The company has named car cover, leasing, general insurance and other AI-driven risk products for enterprises as its next markets. It also wants the money for research and development, a wider enterprise product portfolio, deeper partnerships and commercial growth.

An operating system for enterprise cover

Khawaldeh said the agent converts unwieldy insurance data into intelligence a client can act on, both to bring cost down and to decide faster.

The stated ambition runs well past a single tool. DESAISIV wants to build an operating system for enterprise insurance — one that connects the parties to a policy, automates decisions now made by hand and makes the market more transparent and efficient. Benchmarking is only as good as the pool behind it. With 18 insurer and broker relationships feeding one system, a client's renewal gets measured against a far wider set of prices than any single risk manager could assemble alone, which matters in a market where the buyer usually arrives at the table with less information than the underwriter.

The company says it intends to process more than SAR10 billion in premiums through its platform. That number, rather than the launch itself, is the one that will show whether the expansion beyond health cover holds.