Sir David Porter speaking with Ayman Y. Al-Ajmi at #InsureTek Dubai

@SirDavidPorter talks #insurance #ai #MachineLearning at #InsureTek #Dubai with the Chairman & CEO Braxtone Group, Ayman Y. Al-Ajmi

00:01
hi guys we’re live at insur tech
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conference in dubai beautiful city here
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it’s an amazing weather this time of the
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year i have a man here uh why don’t you
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give us a little introduction and tell
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us about your company um
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thank you for having me uh braxton group
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is
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uh insurance management group and
00:23
focusing on helping the insurance
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industry
00:27
better battle this changing times and
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letting them focus on their core
00:32
business we consult
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government
00:36
insurance companies brokers around the
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region and around the globe very nice so
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how many companies are you guys advising
00:44
here uh in in the uae about 25 companies
00:49
around the region
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about
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45 companies we’re present head office
00:54
in bahrain we have two offices in the
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uab we are present in oman and expanding
01:01
to saudi and
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kuwait as well very nice so is this a
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company that you started or how did you
01:07
get involved uh
01:09
prior to establishing
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braxton i was the ceo of
01:14
aig in bahrain and saudi and eventually
01:17
getting tired of the corporate world
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myself and the co-founder mohamed radhi
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we established braxton in 2015
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and that just
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been exciting journey uh in the last six
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years very nice so when you guys uh find
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these companies what’s like a key thing
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to look for
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when you realize a company needs your
01:42
help
01:44
we
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we’ve been managing companies for the
01:47
last 20 years
01:51
we’re part of the industry so we
01:53
understand
01:54
the pain point of each product each
01:58
services and that where we come in with
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the solution combining process
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technology
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and that led us to even government
02:07
approaching us for looking at the
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solution for the entire market whether
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it was in saudi or in kuwait right now
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where we’re focusing on improving given
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solution to the entire market and not
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just on the
02:22
company company level and
02:25
our experience the team as a whole with
02:29
dealing with
02:30
um
02:31
difficult uh processes and
02:35
company structures that let us to this
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service place where we’re able to
02:42
re-engineer and
02:44
to help organization operate better in
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this
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environment very nice
02:51
so do you guys see uh things progressing
02:54
in the tech field
02:55
do you guys see the adoption of
02:57
blockchain uh technology happening
03:00
i i tried to stay away from these ai
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blockchain machine learning they’re all
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tools within the technology what the
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technology deliver is more important to
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us than what the technology used to
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deliver
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there are
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we we’re not a technology company but we
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deal with multiple partners who develop
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technology and our role with them is to
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have this technology actually solve
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problems we have a technology that we’re
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launching now with the
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um bahrain insurance association and
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uh
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in bahrain to cater for the entire
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market
03:47
uh recovery platform to be used and
03:51
we use multiple technology ai machine
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learning blockchain but that is
03:57
these are buzzwords they’re important
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but the most important thing what what
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will this platform technology achieve
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what is the pain point we’re trying to
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to resolve
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just as an example for tesla which is
04:13
the recovery platform in bahrain
04:16
that
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that process has been manual
04:20
since the beginning
04:23
nothing has changed i’ve dealt with it
04:25
20 years ago came back looked at it
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the only change was moving
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notification from facts
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to email that’s it right a huge pile of
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papers being exchanged in bahrain alone
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60 000
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claims with a minimum of 20 pages each
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being back and forth and bahrain is a
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smaller small market
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resolving this and lifting it exactly
04:57
the same process and lifting it into the
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cloud
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with
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zero uh paper exchange and a 360 cycle
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capturing the entire
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um
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claim process
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that is what ai machine learning and
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process re-engineering has developed so
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these buzzwords as much as they’re
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important what is the technology
05:26
actually solving and
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making us operate in a better way
05:32
so do you do you see it
05:34
merging into this
05:37
i see there is a pushback for
05:40
so many reasons whether
05:43
the
05:44
vision of the top management doesn’t
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translate to the
05:50
users within the company or looking
05:54
at technology as part of the expense
05:57
budget we still have this mentality that
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it’s a
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it’s a coast
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instead of looking at it i
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when we start looking at technology as
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part of the business development and the
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growth and looking at technology as
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something that gonna make us better
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instead of something that we have to pay
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for to operate i think that’s the
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biggest thing that i’ve seen change
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very good so you guys are uh a sponsor
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here at the conference
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we feel the this type of uh
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of conferences
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only enhance
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how the market is changing
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and with the new technology every day
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and each presentation with each
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technology coming in
06:46
and
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that knowledge
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and education to the entire market of
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what’s available out there
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not just looking at your surrounding but
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looking at it from a worldwide
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perspective
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i i think that’s one of the main reason
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we
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we’re here and we’re contributing to
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such events very nice so they are
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streaming live on youtube the conference
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and you’ll be speaking at what time uh
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about three about three o’clock we even
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have uh the government of bahrain as
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well they’re gonna speak
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tomorrow we try not just to be
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participant and a sponsor we’re even
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trying to engage the entire region to be
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to be participant as well very nice so
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we’re gonna go enjoy the conference
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learn uh many new things about the
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insurer tech field here amen thanks so
07:39
much for coming on pleasure meeting you
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and we’ll see you guys soon