The Insurance Authority today
signed a cooperation agreement with HUMAIN,
a Public Investment Fund company specializing in delivering integrated
artificial intelligence capabilities globally. The
agreement aims to support the adoption of cognitive data centers and AI across
Saudi Arabia’s insurance sector and was signed on the sidelines of LEAP 2026.
The agreement focuses on
exploring HUMAIN’s AI computing capabilities, products, services, and
technology ecosystem to support innovation and the adoption of artificial
intelligence in the insurance sector.
Under the agreement, the
Insurance Authority and HUMAIN will work together to enable secure access to
insurance sector data and HUMAIN’s AI products and services, in support of the
Authority’s strategic priorities. The collaboration will also explore opportunities
to apply artificial intelligence to priority use cases within the sector.
The CEO of the Insurance
Authority, Eng. Naji Al Faisal Al Tamimi, emphasized that the agreement
represents an important step in supporting the implementation of the National
Insurance Sector Strategy and its strategic objectives, which focus on modernizing
and unifying digital infrastructure, accelerating innovation, and advancing the
adoption of advanced technologies across the sector.
Al-Tamimi further explained that
the collaboration will contribute to developing a sector-wide data and
artificial intelligence strategy for the insurance sector, ensuring data
quality, enabling advanced analytics, facilitating the secure sharing of data,
and raising standards of digital governance and data protection.
For his part, Tareq Amin, CEO of
HUMAIN, said: “Insurance is a sector where data and artificial intelligence can
deliver real impact at scale, from improving customer experience and
operational efficiency to enabling smarter, more data-driven services. Our
collaboration with the Insurance Authority is focused on putting these
capabilities into practice. By bringing together HUMAIN’s integrated AI
ecosystem, products, and partner network, we can help accelerate the practical
adoption of AI and unlock new opportunities for innovation in the insurance
sector.”