AInsurtech
Insurance software and compliance solutions for carriers, Takaful operators, and brokers across the MENA region and beyond.
Overview
AInsurtech is an insurance technology solutions provider serving carriers, Takaful operators, life insurers, medical insurers, and brokers. An entity of AJMS Global -- a multinational group based in Dubai -- the company develops software products and professional services for the BFSI sector, with a particular concentration in MENA markets including the UAE, Bahrain, Kuwait, Oman, and Saudi Arabia. The company also maintains development offices in Trivandrum, Kerala (India), and has operations in Canada.
The company offers more than ten software products covering core insurance administration, regulatory compliance (IFRS 17 and IFRS 9), employee benefits, and retail distribution. Its flagship core platform, iCOR, handles the full policy lifecycle for general insurance. The ADPT solution addresses IFRS 17 actuarial accounting requirements and won the "IFRS17 Solution of the Year" at the Insuretek Golden Shield Excellence Awards in 2022. The tech stack includes .NET, Python, and mobile development, with integration capabilities via TCS BaNCS. AInsurtech holds ISO 9001:2015 certification.
The company reports 25+ customers across its product portfolio and has received industry recognition including the Chartis RiskTech 100 2023 Rising Star Award for its ADPT tool. It operates as a bootstrapped entity with no publicly disclosed external funding rounds.
Products & Services
iCOR
iCOR is a web-based insurance core system for the general insurance sector, providing end-to-end policy administration. The platform includes configure-price-quote (CPQ) functionality, eKYC customer verification, finance modules, claims management, and underwriting workflow tools.
Key Features
- Configure, Price, Quote (CPQ) engine with configurable tariff support
- Workflow-driven claims and underwriting processes
- Finance modules with data-driven dashboards and operational reporting
- eKYC integration for customer verification
Target Users: Underwriting teams, claims processors, finance and actuarial staff
ADPT
ADPT is an IFRS 17 compliance solution developed with actuarial, finance, and accounting expertise. It provides automated actuarial accounting sub-ledger modules and cash flow modelling to support regulatory transition from IFRS 4.
Key Features
- Automated IFRS 17 actuarial calculations and sub-ledger accounting
- Comparative IFRS 4 vs. IFRS 17 analysis and parallel journey support
- SOFP and SOPL reporting with disclosure report generation
- Configurable for General Insurance, Takaful, Life, and Medical segments
Target Users: Actuarial, finance, and compliance teams at insurance companies
ZEOS
ZEOS is a digital employee benefits administration portal for the UAE market. It manages end-of-service benefits and pension information, connecting employees, employers, and the Ministry of Human Resources and Emiratisation (MOHRE).
Key Features
- Real-time transparency on end-of-service and pension entitlements
- Employer tools for managing workforce financial obligations
- Centralized digital ecosystem reducing manual processes
Target Users: UAE-based employers and their HR/payroll teams
CECL
CECL (Current Expected Credit Loss) is an IFRS 9 compliance solution for calculating expected credit loss and managing credit risk parameters for financial assets and liabilities.
Key Features
- Expected credit loss calculation and reporting
- Financial asset classification and measurement under IFRS 9
- Targeted at insurance companies and banks requiring IFRS 9 compliance
Target Users: Insurance companies, banks, and financial institutions
SMRT
SMRT is a self-service retail portal enabling customers and SMEs to manage insurance policies online. The platform supports multiple distribution channels and covers the full policy lifecycle from quotation to issuance.
Key Features
- Vehicle registration status, policy renewals, and endorsement updates
- Claims workflow and quotation-to-issuance processing
- B2B and B2C engagement support for retail insurance products
Target Users: Retail customers, SMEs, and insurance distribution teams
CRIS
CRIS (Credit Risk Information System) is a risk rating tool for credit portfolio management. It segments customers into risk groups to support standardized credit evaluation and portfolio optimization.
Key Features
- Systematic customer segmentation by credit quality and risk characteristics
- Standardized credit evaluation methodology
- Profitability optimization tools for credit portfolios
Target Users: Financial institutions and banks with credit portfolios
Ai Connect
Ai Connect is a whistleblowing and employee feedback portal designed to support organizational transparency and accountability. It provides secure channels for employees to submit concerns and converts feedback into business intelligence.
Key Features
- Secure anonymous or identified feedback submission
- Open dialogue facilitation between employees and management
- Business intelligence reporting from employee voice data
Target Users: Insurance and financial services organizations
Additional Products
AInsurtech also offers RAPD, IMAP (portal solution), DG (compliance), CTAX (tax compliance), and OZCO as part of its broader product suite for the BFSI sector. Detailed product pages for these were not publicly available at time of research.
Professional Services
The company offers complementary consulting and managed services alongside its software products:
Key Features
- Actuarial Services
- Governance, Risk and Compliance (GRC)
- Tax Services
- Technology Services
- Business Process Solutions (BPS)
- Environmental, Social, and Governance (ESG)
- Management Consulting
At a Glance
- Headquarters
- Dubai, UAE
- Employees
- 51-200
- Funding
- Bootstrapped
Category & Focus
- Category
- Core Administration
- Subcategories
- Compliance & Regulatory Customer Engagement Data & Analytics
- Insurance Verticals
- P&C Commercial Life & Annuity Health Specialty/E&S
- Target Customers
- Carriers, Brokers, MGAs/MGUs
Customers
- Specific customer names not publicly disclosed
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Last updated: 2026-06-11