Bayzat is a technology company that specializes in providing companies with solutions to their insurance and HR grievances.
Firstly, the Bayzat platform acts as a comparison website that connects visits to hundreds of different insurance policies and plans from leading providers. Those who purchase insurance directly by Bayzat are given free access to Bayzat Benefits. These benefits include the company’s app, which allows them to access all their medical benefits on their mobiles as well as select healthcare options within their policy while traveling.
For companies looking to streamline their HR processes, Bayzat benefits can also be used to automate key tasks like leave management, employee data upkeep, and payroll. It also connects employees with their company insurance details.
Bayzat began operations as a finance consultancy. However, when Dubai’s mandatory insurance law came to light, Co-Founders Talal and Brian reimagined Bayzat as a technology broker with benefits. Several years on, with over 80 employees working from Dubai, India, and Poland, Bayzat has been heralded as one of most successful startups in the region. Particularly in the field of insurance, where it has insured over 18,000 lives in key companies including Deliveroo, Baker & Spice, Switch, and Propertyfinder.
In June 2015, Bayzat closed its first investment round, and by December 2017, they closed Five investment rounds. The investors are BECO Capital, Delta Partners, RAED Ventures, Womena, and some other investors. Forbes Middle East listed Bayzat as one of the top 50 promising startups in the UAE in 2017 and 2018.
- Providing a real-time comparison of insurance benefits and prices.
- Users upload their documents and pay online via credit card.
- The user can access Bayzat at any time and anywhere through their mobile application.
Talal Bayaa Co-Founder
Brian Habibi Co-Founder