stc Bahrain, a world-class digital enabler, has been awarded for outstanding sector leadership and growth along with ground-breaking products and services at the MEA Business Tech Achievement Awards. The award is in recognition of its dynamic growth strategies in addition to its strong insurtech proposition.
stc Bahrain has been instrumental in changing the ever-evolving digital and telecommunications landscape, proposing new innovative solutions that cater to the growing digital demands in the market. The forward-thinking strategy has reshaped its traditional model, increasing competitiveness, creating new economic opportunities, and new partnership business models.
Commenting on the achievement, stc Bahrain CEO Eng. Nezar Banabeela said, “We are incredibly grateful to receive this prestigious award in recognition of our efforts to lead the Kingdom’s digital transformation journey, and pioneer innovation in the insurtech sector. Our efforts are in line with Bahrain’s Economic Vision 2030 towards pioneering a digital economy that is built on the Kingdom’s resilient digital infrastructure. As a market leader, we aim to continue working with the government of Bahrain in spearheading its digital transformation journey, offering innovative solutions in line with changing consumer needs.”
As a world-class digital frontrunner, stc Bahrain is committed to innovate and grow its capabilities beyond traditional services. The company transformed its approach to focus on digital innovation, reshaping the traditional model for developing new features within the app and e-commerce platform. stc Bahrain’s infrastructure drives digital innovation, hosting groundbreaking technologies shared with other businesses through its stc Business solutions.
In line with today’s evolving landscape, stc Bahrain entered the insurtech industry in recognition of the need to adapt in an increasingly competitive landscape. The company created an entirely digital insurance experience for customers, implementing a full range of insurtech services where customers can file claims, purchase insurance products, and gain access to a dashboard that showcases their policies and available services.