Sanad · Pitch Deck
Hajj & Umrah
Sanadسند
Dynamic risk scoring and OCR-powered claims, settled in days, not weeks.
neuriya.ai — Sovereign, Arabic-first enterprise AI
Problem
Umrah travel insurance is priced flat and settled slowly
- Most Umrah travel policies are priced with a single flat premium regardless of age, season, or health profile, mispricing risk on both ends.
- Filing a claim requires a pilgrim to submit paper invoices and reports manually, then wait for a human adjuster to key in the same data by hand.
- Fraud and consistency checks typically happen only after a claim has already sat in a queue for days, not at the point of submission.
- Pilgrims have no visibility into where their claim stands, leading to repeated calls to the insurer's support line.
Solution
Risk-based pricing and OCR-read claims cut settlement from weeks to days
Product
Sanad in action
How it works
From first touch to outcome
Get covered
A policy is quoted and issued in minutes, priced dynamically to the traveler's real risk profile.
Scan to claim
When something happens, a pilgrim photographs the invoice and report — OCR extracts the rest.
Automated scoring
The claim is risk-scored instantly against the policy and submitted documentation.
Settled in days
Approved claims are paid directly to the pilgrim's bank account within days of filing.
Market
Sizing the opportunity
- TAM — $1.2B. MENA travel & specialty insurance InsurTech market
- SAM — $160M. Saudi Hajj-Umrah travel-insurance technology market
- SOM — $12M. 3-year obtainable share via design-partner insurers and Umrah operators
Umrah travel insurance is now a standard requirement bundled into most package bookings, and Vision 2030's Financial Sector Development Program is pushing Saudi insurers toward digital, data-driven underwriting rather than flat, manually processed policies.
Business model
How Sanad makes money
B2B via insurers & Umrah operators
Licensed to insurance carriers and bundled by operators into package bookings as the underlying risk and claims engine.
Per-policy platform fee
Recurring fee per issued policy, paid by the insurer or operator distributing the product.
Claims-processing usage fee
A per-claim fee for OCR extraction and automated risk scoring, charged as claims are filed.
Revenue streams
Where the revenue actually comes from
Competition
Where we win
Our edge
- Only Umrah-specific risk model scoring premiums by traveler profile and season, not a generic travel-insurance template.
- Arabic-aware OCR reads medical invoices and reports directly, removing the manual re-keying step insurers rely on today.
- Sovereign, PDPL-aligned, NDMO-classified hosting for medical and financial claim data, a requirement Saudi insurers already operate under.
- Founding team combines Saudi insurance and Hajj-Umrah operations experience with applied-AI engineering.
Traction
Early validation, built for pilot readiness
- Full policy and claims product experience designed and built end-to-end: dynamic quoting, OCR claim intake, risk scoring, live claim tracking.
- Architecture pre-aligned to PDPL, NDMO Classification, and ISO 27001.
- Actively selecting design-partner insurers and Umrah operators for a first pilot cohort.
Go-to-market
Land with one insurer's Umrah book, expand across the distribution chain
- 1Land with a design-partner insurer willing to run dynamic pricing and automated claims on a defined Umrah policy line.
- 2Prove settlement-time and fraud-detection outcomes over a pilot season against the insurer's current manual process.
- 3Expand through Umrah operator distribution partnerships to reach additional insurers bundling the same policy line.
Team
Built by operators, not just builders
The ask
Raising a seed round to reach first insurer pilots
We're raising to fund underwriting-model validation against real claims history, OCR accuracy hardening for medical documents, and the core team through first-revenue pilot deployments.