Tracking Invests in Ozoned Digital for Saudi Arabia Expansion

RIYADH, KSA, June 19th, 2023. Ozoned Digital today announced an investment by Tracking, to help strategically expand its operations in the Kingdom of Saudi Arabia. Ozoned Digital will work with Tracking, along with other stakeholders in KSA, to launch various digital insurance initiatives for the Insurance Industry including IoT driven Telematics Insurance Solutions.

“With a corporate vision to be at the forefront of IoT platforms integrating AI, we are committed to serving diverse customers’ needs. As the first and only Saudi company in the vehicle tracking industry, we take pride in developing and manufacturing our own software and hardware within the Kingdom of Saudi Arabia. This distinction has led us to be part of the prestigious ‘SAUDI MADE’ program aligned with the Saudi Vision 2030. At Tracking, we are driven by a passion for innovation, technological excellence, and contributing to the growth of Saudi Arabia’s industrial landscape. With our state-of-the-art solutions and unwavering commitment to quality, we are dedicated to transforming the transport industry and shaping the future of IoT and AI integration”, commented Mr. Asim Jamil, CEO of Tracking.

“The Insurance Industry is fast entering into an era of customer convenience, transparency and value addition using disruptive digital technologies. Having successfully launched various digital initiatives for all the largest Insurers in Pakistan, Ozoned Digital envisions introducing all these digital solutions, and many more, in the KSA Insurance Industry. In complete alignment with Saudi Vision 2030, Ozoned Digital will be providing an end-to-end digital insurance ecosystem in the Kingdom”, Mr. Nomaan Bin Bashir, CEO Ozoned Digital commented.

Tracking is an IoT-based company specializing in equipping the automotive and logistics industry with cutting-edge technological tools and equipment. Our core focus is on leveraging AI-based data analytics to empower businesses with actionable insights, revolutionizing their decision-making processes. As part of the Pak-Saudi Corridor and Saudi Vision 2030, Tracking aims to revolutionize the telematics insurance technology in KSA.

Ozoned Digital is an InsurTech company, utilizing a mix of new technologies and disruptive business models to create efficiencies, value additions and customer satisfaction in the insurance industry. Ozoned Digital has provided digital solutions to some of the largest names in the Pakistan Insurance Industry including State Life Insurance Company, Jubilee Life Insurance Company, Adamjee Insurance and many others. These solutions include Digital Claims Management, Health Wellness Programs, Motor Telematics Programs, Agency Management solutions, Digital Broker Solutions, Warranty Programs, and Digital Health Ecosystems.