Over the past decades, there has been a little or zero encroachment of technology in insurance when compared with other financial institutions. In the financial space, there has been uprise of neo banks, numerous fintech startups, flanked with new ways of completing transactions such as UPI. However, there has been no perceptible change in the insurance space until Wakid Dib and Karim DB came up with Addenda an insurtech startup that promises to fill the gaps of the everchanging market in UAE.