At the heart of insurance services sands a prestigious name with a long history and bright future: Arabia Insurance Cooperative Company. The company was established by Royal Decree No. M/23 in 2007, the company carries a forward-looking vision and is committed to providing the best insurance products. The company’s substantial capital of 530 million Saudi riyals, combined with its license from the Insurance Authority (the Saudi Arabian Monetary Authority- SAMA- previously), exemplify its unwavering dedication to upholding the utmost standards of quality and credibility. Our vision and impact first took shape in the Kingdom of Saudi Arabia in 1951, when we took our first steps and set a clear goal: To be a trusted entity in our community and a vital contributor to its development and the prosperity of the Kingdom’s economy. Since then, we have earned the trust of our customers and community, and we continue to do so, becoming he shining bright in the Insurance Industry, offering a diverse of useful products for individuals and companies. These products are the pursuit culmination of 75 years of expertise in the Arab world, coupled with a relentless of innovation and a deep understanding of our community’s diverse needs across all sectors. Our influence has not been limited to one or two regions, but has expanded to eight, including the Kingdom and Lebanon, Kuwait, Bahrain, the United Arab Emirates, Jordan, Syria, and the Sultanate of Oman.
1944
The year of an ambitious vision
8
Countries where we offer our support
75
Years of dedicated protection
Amidst the ever-changing landscape of the challenging business sector, we have consistently navigated through various stages, surpassing obstacles and reaching our key strategic objectives. Our endeavour to keeping pace with all these changes is a strong indicator that we are well-positioned, consistently achieving long-term growth and success. Our continuous development results in new and useful insurance products that cater to the needs of our target segments.
We strive to gain the trust of our partners and foster a common factor based on loyalty and our market reputation, thanks to our outstanding performance. At “Arabia Insurance Cooperative Company”, we will continue to work on a clear vision and build an administrative structure capable of increasing effectiveness between employees and board members, to achieve a common understanding of our expectations and developments
in terms of our values and core mission. Our continued success is an evidence to the trust of our customers. We always pay attention to their opinions, which help us meet the needs of stakeholders, including regulatory bodies and decision-makers, with the aim of meeting their expectations as a cooperative insurance company.
We have a wealth of knowledge about our company’s responsibilities, which enjoys a regional position in the insurance field. Based on this principle, we recognize the importance of regional and global initiatives that aim to promote responsible business, social and environmental practices, to create a positive impact that contributes to growth and drives social and economic development, aligning with Saudi Vision 2030.
We are optimistic about a promising future that holds good – God willing – and we will maintain the company’s culture and its continuous commitment to serving our customers.
Ziyad Al Ravish
The statement of the Director-General
Our Goals
Are like milestones guiding us towards the right path, the path of the
vision we have set for our future together. They are four key goals:
Meeting the needs of our customers.
We always put out customer first by offering high-quality products, valuable investment opportunities, and unique services. We are also committed to providing a secure environment and superior care, while delivering tangible investment returns for our shareholders.
Developing Human Capital.
We pay special attention to developing human capital and qualifying it with accredited qualifications and preparing it to excel in the insurance sector. Through fostering concepts such as: Cooperation, individual empowerment, knowledge, insight, and responsibility, we enable our human capital to thrive.
To be one of the most trusted insurance companies for our clients in the region, and a leading contributor to the social and economic development of the Kingdom.
To provide a diverse range of cooperative insurance products to policyholders, ensuring a fair return on shareholders’ equity and maintaining a sustainable balance of interests for our partners. This is achieved through excellence in building and strengthen relationships.
Embracing High Ethical Standards:
Adhering to the utmost integrity and ethics across all aspects of our operations and complying with recognized ethical laws and regulations.
Business Excellence:
Excelling in the delivery of insurance products and services. while developing innovative and efficient working methods and approaches.
Customer-Centric Approach:
Ensuring an outstanding customer experience marked by high satisfaction, achieved through our deep understanding and fullfilment of customer needs.
Cultivating a Leadership Culture:
Nurturing a culture of leadership and fostering innovation and leadership within the workplace, empowering individuals and teams to excel and achieve remarkable outcomes.
Trust and Transparency:
Building relationships based on trust with our partners, and committing to transparency in all operations, especially in decision-making process.
Invocation and Social Responsibility
Promoting a culture of innovation and supporting social and environmental activities and initiatives, while being committed to their development.
Enhancing Partnerships:
Strengthening sustainable relationships with partners and clients, fostering productive interaction and fruitful collaboration with them.
We are always around to support you..
8 countries, 1 promise: fulfilling your needs.
- The Kingdom of Saudi Arabia
- Jordan
- Lebanon
- Qatar
- Bahrain
- Kuwait
- The Sultanate of Oman
- United Arab Emirates