| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | Saudi Arabia |
| Sector | Insurtech |
| Collapse type | Regulatory Kill |
| Founder | Khaled Al-Ahmari |
Erad
"Saudi insurtech Erad was strangled by SAMA's licensing limbo before it could scale."
Forced closure by regulatory action
Key Events Timeline
Erad, a Riyadh-based insurtech startup founded by Khaled Al-Ahmari targeting Saudi motor and health insurance digitization, failed to secure a full insurance aggregator license from SAMA despite 18 months of applications.
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