Agreement at Money20/20 Middle East sets framework for data exchange, system development, and service innovation
Najm for Insurance Services has signed a cooperation agreement with Elm Company during the Money20/20 Middle East conference, marking a major step in advancing digital transformation across Saudi Arabia’s insurance sector.
The agreement establishes a legal and operational framework for data exchange, processing, transfer, and protection, while enabling collaboration on the development of secure digital systems. Both companies will also engage in regular consultations to enhance project implementation, strengthen operational procedures, and expand cooperation in areas of mutual interest.
Commenting on the partnership, Abdullah Abdulrahman Al-Khalaf, Acting CEO of Najm, said:
“This step reinforces Najm’s efforts to expand the implementation of innovative digital solutions that ensure data protection and enhance operational efficiency, positively impacting the quality of services provided to customers and beneficiaries.”
He added:
“This agreement represents an important step towards building an advanced and secure digital infrastructure for the insurance sector. We are confident that this collaboration will deliver added value to customers and support the objectives of Saudi Vision 2030.”
By combining Najm’s expertise in insurance services with Elm’s technological capabilities, the collaboration aims to create a smarter, more secure, and customer-centric insurance ecosystem in Saudi Arabia.
