Riyadh, Saudi Arabia – May 21, 2026 — Falak Investment Hub has signed a strategic Memorandum of Understanding (MOU) with The Insurtech, marking a new step toward supporting the growth of the InsurTech ecosystem in Saudi Arabia and the wider MENA region.
The agreement brings together Falak Investment Hub’s deep-rooted presence within Saudi Arabia’s startup and investment landscape with The Insurtech’s specialised expertise in insurance innovation. It reflects a shared vision to support the sector’s digital transformation and contribute to the development of a stronger, more connected, and future-oriented InsurTech ecosystem across the region.
As Saudi Arabia’s insurance sector continues to evolve in line with broader national transformation efforts, the partnership underscores the importance of collaboration between ecosystem builders and sector-focused enablers in unlocking new opportunities for innovation, knowledge exchange, and long-term value creation.
Through this strategic alliance, both parties aim to contribute to a more dynamic environment for insurance innovation — one that supports the growth of founders, strengthens market readiness, and reinforces Saudi Arabia’s position as a growing hub for innovation in specialised and high-potential sectors.
Commenting on the partnership, Adwa Aldakheel, Founder and CEO of Falak Investment Hub, said:
“At Falak, we see strategic partnerships as a key driver for enabling innovation and unlocking new opportunities in emerging sectors. Our partnership with The Insurtech reflects a shared vision to support the evolution of the InsurTech ecosystem and contribute to a more innovation-driven future for the insurance sector in Saudi Arabia and the region.”
Aicha Ghaffari, CEO, The Insurtech, said:
“Saudi Arabia is rapidly becoming one of the most attractive markets for innovation in insurance in the MENA region — and the momentum is only accelerating. The regulatory evolution, the Vision 2030 agenda, and a rapidly digitising consumer base are creating conditions that InsurTech builders and investors simply cannot ignore.
Our partnership with Falak gives us the infrastructure and ecosystem reach to do what we do best —connect InsurTech founders, insurers, regulators, and investors. We've built programs across multiple MENA markets, and we know what it takes to move startups from concept to commercial traction. Saudi Arabia is our next major chapter, and we are entering this market with everything we have learned and with accumulated expertise in InsurTech.
If you're an insurer looking to innovate, a startup looking to scale, or an investor looking for what's next in insurance — we want to hear from you. The ecosystem we are building today is open and ready to launch.”
The signing of this MOU reflects a common ambition to support the next phase of insurance innovation in Saudi Arabia and the region, while fostering stronger connections across the broader ecosystem.
About The Insurtech
The Insurtech is the first specialised InsurTech incubator and accelerator licensed by the Ministry of Investment and Monsha’at. The company supports digital transformation in the insurance sector across the MENA region and beyond. It also works with founders, insurers, corporate entities, and ecosystem stakeholders to support innovation in the sector through strategic partnerships, market insights, and ecosystem development.