Azentio, a prominent software provider in the market, has significantly enhanced its insurance offerings by acquiring a cutting-edge technology stack. This strategic move positions Azentio as a leader in providing innovative solutions to the insurance industry.


Azentio Software ("Azentio"), a prominent end-to-end software provider focused on the BFSI sector, has announced the successful acquisition of software assets and intellectual property (IP) from iMOTOR and Pysurance, both of which are based in Kuwait.

This strategic move positions Azentio to redefine the landscape of insurance software by leveraging a cutting-edge technology stack that incorporates advanced AI and machine learning capabilities for the development of next-generation insurance solutions.

According to McKinsey, it is anticipated that approximately 50% of claims processing will be automated by 2030. With the integration of iMOTOR, a robust claims automation module, Azentio seeks to enhance its leading insurance offerings by enabling insurers to automate and optimize their claims workflows, thereby achieving significant operational efficiencies and cost reductions. Claims automation is recognized as one of the most impactful innovations in insurance technology and is essential for contemporary insurance operations.

This acquisition is expected to deliver substantial value to Azentio’s growing client base, facilitating the automation and streamlining of claims processes, which will ultimately enhance customer experience, boost productivity, and improve both efficiency and accuracy.

As artificial intelligence and machine learning are poised to transform the insurance sector, the shift from outdated legacy systems to advanced insurance software has become crucial. By acquiring intellectual property and technology from Pysurance, a state-of-the-art cloud-native and SaaS platform designed specifically for the insurance industry, Azentio aims to shape the future of insurance software. 

This initiative will support insurers in transitioning from legacy systems to a next-generation platform that is ready for AI and machine learning. By modernizing the foundational technology for insurance providers, clients can enhance their decision-making processes, boost productivity, and leverage the latest technological advancements to make more informed business choices.

Sanjay Singh, CEO, Azentio, said, “Azentio is extremely excited to play our part in re-writing the future of insurance software, combining our deep domain knowledge with the latest, most innovative technology platforms. The advanced AI and machine learning capabilities we will build upon following this IP and asset acquisition will see us bringing the next generation of cutting-edge software to our insurance customers. The enhanced technical depth and future-proof build opportunities this brings to our products will help bring our vision to life by revolutionizing the way insurers consume and innovate through software. This will be a paradigm shift in the way technology helps drive value for our customers.”

Co-Founder and CTO of Pythys, Taher Alkhateeb, commented, “We are thrilled to find a new home for our software systems at Azentio. This acquisition represents the perfect mix of modern software technology stacks combined with deep domain expertise in the insurance industry. We strongly believe this combination will help us to push the boundaries of what technology can achieve in this space."

Ali Abbas, Co-Founder and CEO, iMOTOR, stated, “Joining Azentio is an important step for us. We believe that Azentio’s established experience in the insurance technology industry aligns perfectly with our vision, and that together - we are even stronger. By integrating our modern technologies, we will not only enhance efficiency and excel through customer experience, but also truly transform the technology landscape in the insurance industry. We are excited and ready for this journey, and we are confident that this partnership will drive innovation and deliver significant value to our customers.”