360F accelerates digital transformation for insurers in the Middle East

17 September 2020, DUBAI - 360F, a financial technology company that offers banks and insurers solutions and implementation services to enable digital multi-channel distribution models and automated financial advice for insurance and investment, has entered the Middle East with a pipeline of projects and an anchor client in the region.

Highly familiar with regulations in the Middle East, including the impending BOD-49 requirements, 360F is making headway with a string of projects that will mark as transformational milestones for the market in Dubai. One of it is in making financial advice hyper-personalized, arbitrary-free and self-evidently apt.

“Retail consumers acknowledge that they need financial advice, but they don’t trust financial planners easily,” says Michael Gerber, CEO of 360F. “And the 20-30s especially are demanding and independent. They expect holistic, personalized, and unbiased advice. That’s where we come in. We help make financial foresight accessible, and at the same time deliver trust and improve grounds for engagement.”

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.

Visit 360f.com to discover what more 360F has to offer.

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About 360F

360F offers banks and insurance companies a game-changing digital solution that helps financial service advisors construct self-evidently apt financial solutions for their clients in real time; solutions that are holistic and hyper personalized. With their flagship product 360-ProVestment®, 360F makes financial foresight accessible for all - enabling financial institutions, advisors and clients, so that they can offer unbiased and hyper-personalized financial advice, delivering trust and engagement. A modular autopilot, 360-ProVestment® has an award winning algorithm based on Behavioural Science. Essentially, 360F brings customer centricity to a new level by enabling one’s self-defined financial resilience and freedom to be measured and maximized with consistent reliability, and by making it easy to evaluate advice in insurance and investment. www.360f.com

Media Contacts:

Illka Gobius, Pinpoint PR Pte. Ltd., +65 9769 8370, illka@pinpointpr.sg

Clarie Kwa, Chief Market Officer, 360F, +65 8163 3989, clarie.kwa@360f.com