Charles Taylor InsureTech has opened an office in Dubai, as part of its expansion plans to access the Middle East and Asia-Pacific regions.
The new business will be led by Shahid Safdar, who has been appointed as managing director, for the Middle East and North Africa regions. He joined from Takaful Emarat where he was chief digital officer, responsible for defining and executing the digital strategy of transforming the company into a digital insurer. Safdar also previously worked in senior management consultancy roles for Grant Thornton, KPMG, and Satori Consulting.
The move builds on the company’s expansion efforts in the European and Latin American markets. In the UK, Charles Taylor InsureTech was appointed to provide a global delegated authorities platform for Lloyd’s, which is at the centre of its digital transformation program. In Latin America, the firm recently acquired Inworx, a leading regional insurance technology business.
“We believe there is a great opportunity for Charles Taylor InsureTech in the Middle East and North Africa,” said Jason Sahota, Charles Taylor InsureTech CEO. “I am delighted to welcome Shahid to my management team. His business change and transformation experience means he will be well-positioned to support and drive change for insurance companies and brokers in the region. This is a very exciting time as we continue to take the business forward and help our clients adapt to the challenges they are facing.”