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

Chairman & CEO Braxtone Group, 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
00:03
conference in dubai beautiful city here
00:07
it’s an amazing weather this time of the
00:08
year i have a man here uh why don’t you
00:12
give us a little introduction and tell
00:14
us about your company um
00:16
thank you for having me uh braxton group
00:19
is
00:20
uh insurance management group and
00:23
focusing on helping the insurance
00:25
industry
00:27
better battle this changing times and
00:30
letting them focus on their core
00:32
business we consult
00:34
government
00:36
insurance companies brokers around the
00:39
region and around the globe very nice so
00:41
how many companies are you guys advising
00:44
here uh in in the uae about 25 companies
00:49
around the region
00:50
about
00:51
45 companies we’re present head office
00:54
in bahrain we have two offices in the
00:57
uab we are present in oman and expanding
01:01
to saudi and
01:03
kuwait as well very nice so is this a
01:05
company that you started or how did you
01:07
get involved uh
01:09
prior to establishing
01:11
braxton i was the ceo of
01:14
aig in bahrain and saudi and eventually
01:17
getting tired of the corporate world
01:22
myself and the co-founder mohamed radhi
01:25
we established braxton in 2015
01:29
and that just
01:31
been exciting journey uh in the last six
01:34
years very nice so when you guys uh find
01:37
these companies what’s like a key thing
01:39
to look for
01:41
when you realize a company needs your
01:42
help
01:44
we
01:45
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
02:01
the solution combining process
02:03
technology
02:05
and that led us to even government
02:07
approaching us for looking at the
02:10
solution for the entire market whether
02:13
it was in saudi or in kuwait right now
02:15
where we’re focusing on improving given
02:19
solution to the entire market and not
02:21
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
02:39
service place where we’re able to
02:42
re-engineer and
02:44
to help organization operate better in
02:47
this
02:48
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
03:04
blockchain machine learning they’re all
03:08
tools within the technology what the
03:10
technology deliver is more important to
03:14
us than what the technology used to
03:17
deliver
03:18
there are
03:19
we we’re not a technology company but we
03:22
deal with multiple partners who develop
03:25
technology and our role with them is to
03:31
have this technology actually solve
03:33
problems we have a technology that we’re
03:36
launching now with the
03:38
um bahrain insurance association and
03:42
uh
03:43
in bahrain to cater for the entire
03:46
market
03:47
uh recovery platform to be used and
03:51
we use multiple technology ai machine
03:54
learning blockchain but that is
03:57
these are buzzwords they’re important
04:00
but the most important thing what what
04:03
will this platform technology achieve
04:06
what is the pain point we’re trying to
04:09
to resolve
04:11
just as an example for tesla which is
04:13
the recovery platform in bahrain
04:16
that
04:17
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
04:28
the only change was moving
04:31
notification from facts
04:34
to email that’s it right a huge pile of
04:38
papers being exchanged in bahrain alone
04:42
60 000
04:44
claims with a minimum of 20 pages each
04:48
being back and forth and bahrain is a
04:51
smaller small market
04:53
resolving this and lifting it exactly
04:57
the same process and lifting it into the
05:00
cloud
05:01
with
05:02
zero uh paper exchange and a 360 cycle
05:08
capturing the entire
05:10
um
05:11
claim process
05:12
that is what ai machine learning and
05:17
process re-engineering has developed so
05:21
these buzzwords as much as they’re
05:23
important what is the technology
05:26
actually solving and
05:28
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
05:47
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
06:00
it’s a
06:01
it’s a coast
06:02
instead of looking at it i
06:05
when we start looking at technology as
06:07
part of the business development and the
06:09
growth and looking at technology as
06:12
something that gonna make us better
06:14
instead of something that we have to pay
06:17
for to operate i think that’s the
06:20
biggest thing that i’ve seen change
06:24
very good so you guys are uh a sponsor
06:27
here at the conference
06:29
we feel the this type of uh
06:32
of conferences
06:35
only enhance
06:37
how the market is changing
06:39
and with the new technology every day
06:42
and each presentation with each
06:44
technology coming in
06:46
and
06:47
that knowledge
06:48
and education to the entire market of
06:51
what’s available out there
06:53
not just looking at your surrounding but
06:56
looking at it from a worldwide
06:58
perspective
07:00
i i think that’s one of the main reason
07:02
we
07:03
we’re here and we’re contributing to
07:06
such events very nice so they are
07:08
streaming live on youtube the conference
07:11
and you’ll be speaking at what time uh
07:13
about three about three o’clock we even
07:16
have uh the government of bahrain as
07:19
well they’re gonna speak
07:21
tomorrow we try not just to be
07:23
participant and a sponsor we’re even
07:26
trying to engage the entire region to be
07:29
to be participant as well very nice so
07:32
we’re gonna go enjoy the conference
07:34
learn uh many new things about the
07:36
insurer tech field here amen thanks so
07:39
much for coming on pleasure meeting you
07:41
and we’ll see you guys soon

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