Innoveo and SIMS join forces to transform (re)insurance ecosystem

By Nikita Chaurasia  Date: 2020-06-29

Innoveo and SIMS join forces to transform (re)insurance ecosystem

Innoveo, a technology provider, based in Zurich, Switzerland, has recently entered into a partnership with Sidani Innovate Management Services DMCC (SIMS), a business innovation and management consultancy, headquartered in Dubai.

If reports are to be believed, the strategic partnership has been initiated to accelerate the adoption of innovative technologies in the (re)insurance domain for a successful implementation of digitalization initiatives. The partnership aims to leverage Innoveo’s proprietary no-code technology platform and SIMS’s digitalization consulting & implementation services to better serve their (re)insurance clients.

Sources familiar with the matter cite, with Innoveo’s flagship no-code platform - Innoveo Skye®, financial business and carriers can go live with their newly developed products in a matter of weeks.

Innoveo’s Chief Executive Officer, Amir Ghaffar said that digital transformation is crucial to bring in a rapid change and growth in the Middle East. The company is thrilled to partner with SIMS, who are anticipated to play a key role in leading this transformation.

Whilst, SIMS’s President, Walid Sidani said that the company is delighted to form a partnership with Innoveo, whom they recognize as a global leader in no-code digital platform space. The joint effort will empower clients to accelerate their digitization initiatives through the company’s regional Fintech Hub presence in the UAE to assure a quick response and deployment.

He further mentioned that the first half of 2020 reformed the interaction of (re)insurance companies with internal customers and external stakeholders. (Re)Insurance companies cannot sustain on business plans depending on evolutionary investments in technology. They need to transform their client-facing apps & platforms and internal business processes, and this partnership will be a medium for their cost-effective technology solutions, Sidani said.

The primary focus of this agreement is to upscale their system infrastructure without the requirement for enormous and resource-intensive software coding.

Source: https://www.prnewswire.com/ae/news-releases/innoveo-and-sims-s-strategic-partnership-introduces-no-code-technology-to-accelerate-digitization-in-re-insurance-807500221.html

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

Universal Music Group leaps to USD 55 billion in stock market debut

Universal Music Group leaps to USD 55 billion in stock market debut

By Nikita Chaurasia

Universal Music Group's stock market debut marked Europe the largest listing this year, with shares surging over a third as investors wager on the potential of music streaming in the long run. The world's largest music label, which represent...

Microsoft offering internships to boost technology skills in Indians

Microsoft offering internships to boost technology skills in Indians

By Nikita Chaurasia

Microsoft Corporation has reportedly launched the new Future Ready Talent internship program to teach technology skills to the Indian youth to make them job-ready. The program is free of cost and can be available for students who have graduated in 2...

PepsiCo to cut plastic use, launch plant-based snacks in green push

PepsiCo to cut plastic use, launch plant-based snacks in green push

By Nikita Chaurasia

As the necessity for actions that tackle climate change intensifies, PepsiCo has announced that it will reduce the use of virgin plastic and expand its business of SodaStream carbonated water to more markets, however, some environmental groups want t...

Google fined USD 177 Mn by South Korea over anti-competitive practices

Google fined USD 177 Mn by South Korea over anti-competitive practices

By Nikita Chaurasia

The fine is considered to be the ninth-biggest by the regulator to date. It was announced when South Korea’s Telecommunications Business Act, popularly known as “anti-Google law” came into effect.  South Korea’s Kore...

England to become the first country to require EV chargers in new homes

England to become the first country to require EV chargers in new homes

By Nikita Chaurasia

Even the commercial establishments will be required to include EV chargers. The news echoes on U.K.’s efforts to achieve net-zero greenhouse gas emissions by 2050. The British government is expected to introduce a new law in 2021 which wi...