Reinsurance News

Innoveo & SIMS partner on digital transformation in Middle East

1st July 2020 - Author: Matt Sheehan

Zurich-based global technology provider Innoveo has partnered with Sidani Innovative Management Services DMCC (SIMS), a Dubai-based boutique and corporate innovation accelerator, to support the adoption of new technologies in the Middle East re/insurance market.

Fintech image via George Washington UniversityTogether, the companies will help clients implement digitalisation initiatives using Innoveo’s no-code technology platform and SIM’s digitalisation consulting services.

“Digital transformation is critical to foster and accelerate the current period of rapid change and growth in the Middle East,” said Amir Ghaffar, Chief Executive Officer of Innoveo.

“We are excited to partner with SIMS, the leading global business innovation and management consultancy with specific expertise in the (re)insurance sector in the Middle East, who will be instrumental in leading this change.”

Walid Sidani, President of SIMS, also commented: “We are delighted to announce this partnership with Innoveo, who we recognize as a global technology leader in the no-code digital platform space.”

“Our joint marketing and solutions development efforts will enable our clients to fast-forward their digitization trek through our regional Fintech Hub presence in the UAE to ensure a rapid response and deployment. The first half of 2020 redefined how (re)insurance companies collaborate with internal customers and interact with external stakeholders,” Sidani continued.

“(Re)Insurance companies can no longer rely on business plans requiring evolutionary investments in technology. This is not a passing trend, but the new normal. They now need to revolutionize their client-facing apps and platforms and internal business processes. The SIMS-Innoveo partnership will be their catalyst and partner for cost-effective technology solutions.”

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