stc Bahrain, a world-class digital enabler, has been awarded for its insurtech proposition at the Middle East Technology Excellence Awards. The award is in honor of the company’s expansion into the insurtech sector, empowering the next wave of insurtech services, diversifying business lines and connecting to a wider consumer base.
stc Bahrain’s insurtech services is part of the company’s strategy to drive the Kingdom’s digital transformation with a commitment to diversify into new sectors and product categories. The company implemented a fully virtual portal that offers insurance products through a wide range of services, whether it be device, travel, roadside and motor insurance services.
Commenting on the award, Eng. Nezar Banabeela, CEO of stc Bahrain, said: “We are grateful to be recipients of this prestigious award in recognition of our strong insurtech portfolio in line with our digital transformation strategy in the Kingdom. As digital enablers, we are proud to be launching innovative services in line with the modern-day consumer demands, to diversify our portfolio offering, and empower innovation and economic development in various sectors across the Kingdom.”
stc Bahrain is the only insurance provider to be appointed representative of two leading providers – Solidarity and BKIC (GIG Bahrain) granted by the Central Bank of Bahrain. The launch of the insurtech services has disrupted the insurance industry by leveraging technology to streamline processes and enhance accessibility.
Through its digital platform, extensive product offerings, transparency, and customer-centric approach, stc Bahrain’s insuretech services are empowering individuals and businesses to protect themselves effectively in an ever-changing world.