Insurtech firm Virtual i Technologies has appointed Braxtone, a United Arab Emirates-based risk engineering company, as its exclusive network partner in the Middle East and Africa (MEA) region.
The agreement authorises Braxtone to use Virtual i’s risk inspection platform for their risk engineering services.
The platform will enable the company to conduct faster and more efficient technology-assisted risk surveys and write risk inspection reports at the click of a button.
Braxtone travelled to Turkey for a signing ceremony and a two-day training programme to familiarise themselves with the technology.
Mohamed Radhi, COO of Braxtone, said the company is pleased to be “leading the way in the adoption of insurtech and helping insurers to see more risks during the underwriting process”.
He added: “The need for technology-assisted risk engineering to assess and monitor the levels of risk exposure has been a focus of the industry for the last few years.”
“Using Virtual i’s technology will increase our company’s risk engineering efficiency and reduce the probability of picking up a bad risk.”
Virtual i’s Turkey and MEA president Sema Tüfekçiler commented: “This strategic partnership is geared towards accelerating the adoption pace of virtual i’s proprietary technology in the MEA region and move the industry forward.”
“Braxtone has an exemplary track record in the region, which makes us very optimistic about the success of this partnership.”
