UAE - Health Ins. Startup Sehteq Raises $20 Million
Wednesday, 08 19 2020, Category: Insurance and Reinsurance, Country: U.A.E
Sehteq, a Dubai-based Health Insurance startup has secured a $20 million commitment to set up a reinsurance vertical, it announced in a statement. The investment is led by their anchor investor 971 Capital.
Sehteq Arabic for “your health” is an Oscar-like digital health insurance startup. The company was born at a startup incubator in Ras Al Khaimah in November 2017, and started operations in February 2018 with the acquisition of its first health insurance provider license also known as third party administrator TPA. The startup grew with 12 subsequent acquisitions and heavily invested in a solid technology platform to be the largest provider of low cost health insurance for individuals and companies in UAE. Today, Sehteq is amongst the top three health insurance providers in the UAE and ranks ninth on the global insure-tech list, based on funding.