Rasan
Saudi Arabia's first listed InsurTech holding company, operating online insurance aggregation, data analytics, and digital vehicle auction platforms.
Overview
Rasan is a Saudi Arabian InsurTech and FinTech holding company that operates a suite of digital platforms for insurance distribution, data analytics, and vehicle auction services. The company serves both consumers and insurance industry participants, with its flagship product Tameeni functioning as the first online insurance aggregator in Saudi Arabia. Rasan went public on the Saudi Exchange (Tadawul) main market in June 2024 and operates in alignment with Saudi Vision 2030.
The company delivers its products as SaaS and API-integrated platforms, connecting consumers with 23+ insurance providers for motor, health, life, and general coverage. Its B2B data analytics suite, Rsolutions, provides insurers with pricing, underwriting optimization, reserving, and portfolio monitoring tools. Rasan also operates Treza, a digital platform for motor leasing companies and banks, and Awalmazad, an online auction platform for salvage and repossessed vehicles.
Rasan serves 12M+ customers and 60+ ecosystem partners across the Saudi market. The company reported record revenue of SAR 653 million (USD 174 million) for FY 2025, representing 82% year-on-year growth, and its Q1 2026 revenue of SAR 261 million more than doubled year-on-year. Its IPO in June 2024 raised USD 224 million and was 129 times oversubscribed, valuing the company at approximately SAR 2.8 billion at listing.
Products & Services
Tameeni
Saudi Arabia's first and largest online insurance aggregator. Enables consumers to compare and purchase motor, health, life, and general insurance products from 23+ insurance providers. Features automated KYC via integrations with ELM and Najm data partners.
Key Features
- Multi-line insurance comparison and purchase for motor, health, life, and general products
- Automated KYC through ELM and Najm integrations
- Integrated accident assistance and claims management via Tameeni Hero
Target Users: Individual consumers, insurance buyers in Saudi Arabia
Rsolutions (Data Analytics Suite)
A suite of data-driven analytics tools for insurance companies. Provides pricing, underwriting optimization, reserving, and portfolio monitoring capabilities. Also offers market intelligence tools for motor leasing operations.
Key Features
- Actuarial pricing and underwriting optimization tools
- Reserving and portfolio monitoring capabilities
- Market intelligence for motor leasing sector
Target Users: Insurance companies, carriers
Treza
A B2B digital platform connecting motor leasing companies, banks, and insurance providers for vehicle leasing insurance. Holds Insurance Authority no-objection approval to distribute auto lease financing insurance.
Key Features
- Technology integration between banks, insurance companies, and intermediaries
- Vehicle leasing insurance distribution
- Regulatory-approved insurance channel
Target Users: Banks, motor leasing companies, insurance intermediaries
Awalmazad
An online auction platform for salvage and repossessed vehicles. Serves insurance and leasing providers by facilitating digital vehicle transactions to maximize recovery value.
Key Features
- Digital auction platform for salvage and repossessed vehicles
- Transparent pricing and transaction management
- Serves insurance and leasing company portfolios
Target Users: Insurance companies, leasing providers
VAS (Value Added Services)
A vehicle-related services platform delivering value-added services to customers, focused on automotive and insurance-adjacent needs.
Key Features
- Vehicle-related digital services
- Insurance-adjacent value-added products
- Customer-focused digital experience
Target Users: Vehicle owners, insurance customers
At a Glance
- Founded
- 2015
- Headquarters
- Riyadh, Saudi Arabia
- Employees
- 201-500
- Funding
- Public
Category & Focus
- Category
- Distribution & Sales
- Subcategories
- Insurance Aggregator Data Analytics Digital Auction B2B Insurance Platform
- Insurance Verticals
- P&C Personal P&C Commercial Health Life & Annuity
- Target Customers
- Carriers, Consumers, Agents/Agencies
Customers
- Saudi National Bank (SNB) -- full technical integration transferring bank insurance services to Tameeni platform (2025)
- Musaned Platform -- domestic worker insurance (major national government initiative)
- 23+ vehicle insurance providers integrated with Tameeni Motor
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Last updated: 2026-06-05