Riyadh – Sharikat Mubasher: Shory Group, a UAE-based InsurTech company under First.tech and one of the region’s fastest-growing digital insurance providers, announced it received regulatory approval from the Saudi Insurance Authority to begin operations in the Kingdom.
according to the company's press release, this approval marks a major milestone in Shory’s regional expansion strategy and strengthens its position as a trusted partner in advancing Saudi Arabia’s rapidly evolving insurance technology sector, one of the largest and most dynamic markets in the Middle East.
Backed by a strong track record in developing scalable digital insurance platforms, Shory plans to introduce innovative, AI-driven solutions that enhance the customer experience and support the Kingdom’s accelerating digital transformation in line with Saudi Vision 2030.
The move follows the introduction of Saudi Arabia’s new regulatory framework for InsurTech firms in mid-2023, aimed at encouraging innovation, protecting consumers, and safeguarding data privacy in the insurance sector.
Founded in 2021, Shory has quickly emerged as one of the fastest-growing InsurTech companies in the region, offering comprehensive digital insurance solutions across multiple sectors.
