Ainsurtech
Ainsurtech builds proprietary Insurtech, Regtech, and Open Finance software for insurance companies, regulators, and financial institutions across MENA, with a portfolio spanning IFRS 17/9 compliance, KYC, and core insurance systems.
- Company typePrivate
- Founded2021
- HeadquartersDubai, United Arab Emirates
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Ainsurtech does
Ainsurtech is a Dubai-headquartered Insurtech and Regtech software company, established in 2021 as the dedicated technology vertical of the AJMS Global consulting group. It builds proprietary software products for the BFSI sector, with a primary focus on insurance companies, insurance regulators, and financial institutions across General Insurance, Takaful, Life, Medical, and Insurance Broking. Its customer base spans MENA (UAE, Bahrain, Oman, Kuwait, Saudi Arabia) and selected markets including India, the UK, and Canada, with delivery supported from offices in DIFC Dubai and an engineering center in Trivandrum, Kerala.
The company offers a portfolio of approximately twelve named products organized around three pillars: insurance core systems (iCOR general insurance platform, SMRT self-service portal, iMAP mobile platform, RAPD BI/reporting); regulatory and compliance engines (ADPT for IFRS 17 actuarial accounting and cash flow modeling, CECL for IFRS 9 expected credit loss, ZEOS for UAE EOS/pension, CTAX for UAE corporate tax, CRIS for credit risk rating, AI Connect whistleblowing); and digital identity / open finance infrastructure (DG/DIGI-KYC, DIGI-COMPLY, DIGI-TRANS, DIGI-Q, and OZCO — a CBUAE-approved Open Finance API gateway). Technology components include database-agnostic ETL integration layers, scheduled web service APIs, OAuth 2.0 and mTLS security, and AI-augmented KYC workflows combining machine learning and robotic process automation. Certifications include ISO 9001:2015 (2024) and CBUAE approval for OZCO.
Ainsurtech operates an enterprise B2B go-to-market with a "Book a Demo" sales motion and quote-based annual subscription pricing. Revenue is generated through three streams: subscription/licensing of proprietary products, professional services and IFRS 17/9 implementation, and Business Process Solutions (managed services for new business, HR, claims, and compliance). The company is privately held, founder-led by Dr. Abhishek Jajoo (Founder & Chairman) and Rajkumar TR (Co-Founder & CEO), and operates as a wholly-owned entity of AJMS Global alongside the Remitex Technologies subsidiary (DIGI suite). No external institutional funding rounds are disclosed.
Ainsurtech firmographics
Firmographics- Name
- Ainsurtech
- Legal name
- AInsurtech
- Website
- https://ainsurtek.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Ainsurtech builds proprietary Insurtech, Regtech, and Open Finance software for insurance companies, regulators, and financial institutions across MENA, with a portfolio spanning IFRS 17/9 compliance, KYC, and core insurance systems.
- Ownership category
- akta.pro rank
Ainsurtech industry classification
Industry- Product category
- Insurance Software (Insurtech)
- NAICS
- Software Publishers (5132), Custom Computer Programming Services (541511)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
- akta.pro secondary industries
- Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE), Identity, Fraud & Insurance-Specific RegTech Platforms (FSAGAGAJ), GRC, Policy Management & Controls Testing (SOX/ICFR, audit management) (FSAGAFAM)
Keywords
Where Ainsurtech is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices7 records
Markets served
Ainsurtech business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Products: Sale and licensing of proprietary insurtech products including ADPT, CECL, iCOR, SMRT, and others to insurance companies and financial institutions.
- Professional Services & Implementation: IFRS 17 implementation, custom development, technology consulting, and managed services for product deployment and integration.
- Business Process Solutions (BPS): Outsourcing of IT-enabled business processes in the insurance sector including new business, HR management, claims management, and compliance services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise licensing and implementation |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Ainsurtech product offering
Product offeringCore offering
AInsurtech designs, builds and licenses proprietary insurtech, regtech and fintech software products for insurance companies, regulators and financial institutions, alongside implementation, actuarial, GRC, tax and business process services. Its flagship offerings include ADPT (IFRS 17 actuarial reporting), CECL (IFRS 9 credit loss), iCOR (general insurance core system), SMRT (self-service portal), DIGI-KYC (digital identity), and OZCO (CBUAE open finance API gateway). The company sells primarily through direct enterprise sales with annual subscription licensing bundled with professional services.
Product overview
AInsurtech offers a comprehensive suite of Insurtech, Regtech, and Fintech products addressing insurance, banking, and financial services sectors. The portfolio includes: iCOR as the core general insurance system; SMRT as a self-service portal for retail and SME insurance; ADPT for IFRS 17 actuarial accounting and reporting; CECL for IFRS 9 credit loss modeling; RAPD for business intelligence and rapid reporting; DG (DIGI-KYC) for AI-driven digital identity verification; AI Connect for compliance and transparency; iMAP for mobile communication; ZEOS for UAE pension and end-of-service administration; CTAX for UAE corporate tax compliance; CRIS for credit risk rating; and OZCO as a CBUAE-approved open finance API gateway. Products are built with futuristic technologies and backed by domain experts, covering General Insurance, Takaful, Life Insurance, Medical Insurance, and Insurance Broking.
Differentiator
Problem solved
Functional benefit
Brands
- DIGI: A comprehensive digital KYC, AML compliance, sanctions screening, and transaction management suite including DIGI-KYC (AI-driven KYC solution), DIGI-TRANS (digital transaction solution), DIGI-COMPLY (sanction screening and monitoring), and DIGI-Q (virtual queue manager) operated by partner company Remitex Technologies Ltd.
Products and services
- iCOR Insurance Solution
- ZEOS
- ADPT (Actuarial Disclosure & Profitability Tool)
- CECL (Current Expected Credit Loss Tool)
- SMRT Self-Service Portal
- DG (DIGI-KYC Platform)
- RAPD (Rapid Analytics & Pre-built Dashboards)
- iMAP
- OZCO (Ozone Connector)
- CRIS (Credit Risk Rating System)
- CTAX (Corporate Tax Management)
- AI Connect (Whistleblowing Portal)
- Management Consulting Services
- Actuarial Services
- Tax Services
- Technology Services
- Governance, Risk & Compliance Services
- Business Process Solutions (BPS)
- Environmental, Social, and Governance (ESG) Services
Quantifiable outcome
- IFRS 17 reporting enabled with timely regulatory submissions
- +1 more outcomes
Companies that use Ainsurtech
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
Ainsurtech technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature6 records
Ainsurtech partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Remitex Technologies Ltd (DIGI)corePartner company incorporated to provide digital experience for retail customers and financial institutions. DIGI suite includes DIGI-KYC (AI-driven KYC solution), DIGI-TRANS (digital transaction solution), DIGI-COMPLY (sanctions screening), and DIGI-Q (virtual queue manager). AInsurtech helps customers leverage DIGI products and ensures smooth rollout and implementation.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Ainsurtech competitors and assessment
Company assessmentDirect peers
- Socotra: Cloud-native core insurance platform focused on modern P&L insurers and MGAs. Comparable to Ainsurtech's iCOR in delivering configurable policy administration and underwriting workflows.
- Prima Solutions: European insurtech SaaS provider for P&C and health insurers offering policy administration and claims management. Directly comparable to Ainsurtech's iCOR and SMRT product positioning.
- Majesco: US-listed insurance SaaS vendor offering core policy administration, underwriting, and analytics for property & casualty and life insurers. Directly competes with Ainsurtech's iCOR and RAPD products in the core insurance platform category.
- Insurity: Insurance core systems and analytics SaaS for P&C insurers, MGAs, and self-insureds. Comparable to Ainsurtech's iCOR and RAPD products across core policy administration and reporting.
- Duck Creek Technologies: Cloud-native insurance SaaS suite covering policy, billing, and claims for P&C insurers. Comparable to Ainsurtech's iCOR as a modern core insurance platform serving global insurance carriers.
- Fadata: Insurance core systems vendor with strong presence in EMEA and emerging markets. Directly comparable to Ainsurtech given its focus on Life, P&C, and Takaful insurers across multiple jurisdictions.
Broad incumbents
- DXC Technology: Global IT services giant with a dedicated insurance practice offering BPS, core modernization, and consulting. Competes with Ainsurtech's BPS service line and larger digital transformation engagements.
- Guidewire Software: Largest insurance core systems incumbent globally, serving tier-1 P&C and life insurers. Competes with Ainsurtech at the top end of the market but does not specialize in MENA-specific compliance like IFRS 17/CBUAE Open Finance.
Emerging players
- Shift Technology: AI-native fraud detection and claims automation for the insurance industry. Comparable to Ainsurtech's DIGI-KYC and AI/automation capabilities, though focused specifically on fraud versus broader compliance.
- Earnix: AI-driven pricing and rating engine for insurers and banks. Complementary to Ainsurtech's ADPT/RAPD analytics capabilities and competes for the same analytics/actuarial budget.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Ainsurtech social profiles
Digital presenceAinsurtech compliance and trust
Trust signalCompliance4 records
Ainsurtech financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ainsurtech leadership team
Management profileNumber of profiles
Profiles11 records
Ainsurtech subsidiaries and ownership
Company hierarchySubsidiaries1 record
Ainsurtech funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ainsurtech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ainsurtech
What does Ainsurtech do?
AInsurtech designs, builds and licenses proprietary insurtech, regtech and fintech software products for insurance companies, regulators and financial institutions, alongside implementation, actuarial, GRC, tax and business process services. Its flagship offerings include ADPT (IFRS 17 actuarial reporting), CECL (IFRS 9 credit loss), iCOR (general insurance core system), SMRT (self-service portal), DIGI-KYC (digital identity), and OZCO (CBUAE open finance API gateway). The company sells primarily through direct enterprise sales with annual subscription licensing bundled with professional services.
Is Ainsurtech a public or private company?
Ainsurtech is a private company. It is classified as corporate owned and is currently operating.
When was Ainsurtech founded?
Ainsurtech was founded in 2021. It employs 51 to 100 people.
Where is Ainsurtech based?
Ainsurtech is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does Ainsurtech make money?
Three revenue lines are on record. Software Products are the primary driver. The others are professional Services & Implementation and business Process Solutions (BPS).
Who are Ainsurtech's main competitors?
Direct peers on record are Socotra, Prima Solutions, Majesco, Insurity, Duck Creek Technologies and Fadata. Broad incumbents are DXC Technology and Guidewire Software. Emerging players are Shift Technology and Earnix.
Does Ainsurtech have an API?
Yes. ADPT offers a built-in integration layer deployed in customer environments, built as an ETL layer on top of a staging database (database agnostic). Web services trigger APIs to enable seamless integration based on a scheduler. ADPT accepts input via three methods: (1) Excel Upload using predefined templates, (2) API Integration via web services and scheduled triggers, (3) Direct connectivity with Core DB for on-premise installations using an ETL layer on staging tables. OZCO provides a CBUAE-approved API hub supporting mandatory services: Account Information (AIS), Payment Initiation (PIS), and Insurance Quotes (IQS), with OAuth 2.0 and mTLS security protocols.
What industry is Ainsurtech in?
Ainsurtech's product category is Insurance Software (Insurtech). Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of FSAGAGAE, Data, Analytics & AI for Insurance (Risk, Pricing, Personalization). Its NAICS code is 5132 and its SIC code is 7371.