NEWS
AI specialist Perceptiviti , set to revamp medical insurance premiums a much needed insightful approach to the claims process , instilling a newfound sense of certainty into medical claims processing .”
Sandeep Khurana , Founder and CEO , Perceptiviti
Perceptiviti , an Abu Dhabi-based deep technology company that was established in 2017 , is leveraging Artificial Intelligence to strengthen the UAE ’ s healthcare insurance landscape . The introduction of AI in insurance technology is to a transformation in the industry ’ s approach .
The notable rise in annual medical insurance premiums in the UAE , which increased by approximately 33 % this year compared to 2022 , can be attributed to an upswing in claims . Residents upgrading coverage increases risk , prompting insurers to raise premiums to account for higher claim probability , causing a surge in health insurance costs .
The integration of AI , exemplified by Perceptiviti ’ s Sherlock , stands poised to address the escalating medical insurance premiums in the UAE . By leveraging Sherlock ’ s capabilities to automate claim processing ; processing costs can be slashed by 70 % and turnaround times , shortened by an impressive 90 %.
Instead of merely detecting and fixing issues after they occur , AI is enabling insurers to predict and prevent potential problems . This shift is revolutionizing every aspect of the insurance sector .
Sandeep Khurana , Founder and CEO of Perceptiviti stated : “ AI ’ s role in insurance technology extends far beyond mere automation ; it is a catalyst for precision , efficiency , and trust . With its algorithms , AI brings
This substantial reduction in Fraud , Waste and Abuse results in savings of up to 15 %, a portion of which can be translated into lower premiums for patients . Consequently , this advancement not only enhances the accessibility and effectiveness of healthcare but also contributes to increased affordability . AI plays a crucial role in insurance technology by bolstering customer trust , a key factor considering that 42 % individuals still harbour doubts about their insurers .
Digital Dubai partners with Software AG , Palmira to offer iPaaS
Digital Dubai forged a strategic partnership with Software AG and regional implementation partner Palmira
Software House to offer the Dubai Integration Platform as a Service , Dubai iPaaS framework across Dubai Government entities to provide a tailored and cost-effective solution for their integration needs .
The partnership represents a significant step towards Dubai ’ s Digital City goals and aligns well with the UAE Digital Government Strategy 2025 , which emphasizes the integration of digital aspects into government strategies .
The announcement was made during an official MoU signing ceremony between HE Matar AlHemeiri , Chief Executive , Digital Dubai Government Establishment , one of the entities under the Digital Dubai umbrella ; Rami Kichli , Senior Vice President , Middle East and Turkey , Software AG , and Jamal AlMahamid , CEO , Palmira Software House .
With the introduction of this advanced iPaaS framework , government entities in Dubai will gain independence and control over their integration processes . This empowerment over their data enables them to efficiently address their integration requirements , marking a significant enhancement in their digital capabilities .
Dubai iPaaS framework , is a flexible unified offering , pioneered by Digital Dubai , which plays a central role in advancing Dubai ’ s digital city aspirations . In alignment with these goals , Digital Dubai ’ s primary mission is to create seamless and accessible digital pathways for resident and visitors , thereby contributing to Dubai ’ s stature in the digital economy .
The partnership will provide government entities with cost-effective access to a secure , integrated framework , that boosts agility and ensures consistent performance .
Powered by Software AG ’ s webMethods Integration and API Management Platform , the initiative facilitates scalable , resilient , and data-driven experiences for citizens , residents , tourists , students , investors , and businesses . Together , they strive to establish a reliable digital system that enhances the digital economy and empowers a digitally driven society .
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