360F accelerates digital transformation for insurers in the Middle East
Innovative fintech company brings cutting-edge financial advisory and sales solutions to banks and insurers
360F partnered with
Highly familiar with regulations in the
"Retail consumers acknowledge that they need financial advice, but they don't trust financial planners easily," says
360F's flagship solution, 360-ProVestment®, does the computer-intensive work of stochastic simulation and optimization to automate insurance and investment product recommendations, while making it easy for the layman to test alternatives and self-evaluate. The software also factors local regulations and makes hyper-personalized product recommendations based on the rules of each insurance company or bank that is deploying it, so that non-compliant products are filtered out.
Clarie Kwa, 360F's Chief Market Officer says, "With computing-intensive simulation and optimization techniques on the back of Behavioral Science, we bring customer centricity to a new level. Because the solution offers product recommendations that are self-evidently apt, we help instill trust in the financial advisor, yet we also want clients to be able to check that for themselves."
The benefits 360F brings banks and insurance companies is that they help reduce the sales cycle, increase case sizes and minimize compliance risk.
"360F's technological expertise, entrepreneurial spirit and divergent thinking is helping us to achieve our ambition to disrupt legacy insurance rational and behaviour," said Mr