Saudi Arabia · Middle East & Gulf · class C

Composite insurance companies in Saudi Arabia

20 licensed composite insurers, 77% of the 26 insurance entities supervised by the Insurance Authority. Licensed to write both life and non-life business under one entity.

CompanyClassParent / groupOwnershipRegulatorVerification
Al Sagr CooperativeCCompositeAl SagrDomestic privateIAVerified
Al-Etihad CooperativeCCompositeAl-EtihadDomestic privateIAVerified
Allianz Saudi Fransi (ADNIC-controlled)
Allianz sold majority 2022
CCompositeADNICForeign multinationalIAVerified
Allied Cooperative Insurance Group (ACIG)CCompositeACIGDomestic privateIAVerified
Amana CooperativeCCompositeAmanaDomestic privateIAVerified
Arabia Insurance Cooperative (AICC)CCompositeArabiaDomestic privateIAVerified
Arabian Shield CooperativeCCompositeArabian ShieldDomestic privateIAVerified
Buruj CooperativeCCompositeBurujDomestic privateIAVerified
Chubb ArabiaCCompositeChubbIAIGForeign multinationalIAVerified
GIG Saudi (ex-AXA Cooperative)CCompositeGulf Insurance Group / FairfaxIAIGForeign multinationalIAVerified
Gulf General CooperativeCCompositeGulf GeneralDomestic privateIAVerified
Gulf Union Alahlia
Merger of Gulf Union and Al Ahlia
CCompositeGulf UnionDomestic privateIAVerified
Liva Insurance KSA (ex-Al Alamiya / RSA)CCompositeLiva GroupForeign multinationalIAVerified
Malath CooperativeCCompositeMalathDomestic privateIAVerified
MedgulfCCompositeMedgulfDomestic privateIAVerified
Saudi Arabian Cooperative (SAICO)CCompositeSAICODomestic privateIAVerified
Tawuniya (Company for Cooperative Insurance)
Largest
CCompositePIF / GOSIState-owned / parastatalIAVerified
United Cooperative Assurance (UCA)
Absorbed Saudi Enaya
CCompositeUCADomestic privateIAVerified
Walaa Cooperative Insurance
Absorbed SABB Takaful and MetLife AIG ANB
CCompositeWalaaDomestic privateIAVerified
Wataniya InsuranceCCompositeWataniyaDomestic privateIAVerified

About composite insurers in Saudi Arabia

How many composite insurers are licensed in Saudi Arabia?

20 of the 26 licensed insurance entities in Saudi Arabia are classified as composite (77%), according to the IA register as reflected in this directory (verified - listed population).

Who regulates composite insurers in Saudi Arabia?

Insurance Authority (IA), under Cooperative model; consolidation ongoing. Official website: https://ia.gov.sa.

Are the composite insurers in Saudi Arabia locally or foreign owned?

4 of 20 belong to regional or foreign multinational groups (including Al Sagr, Arabia, Chubb, Gulf Insurance Group / Fairfax), 1 are state-owned, and the rest are domestic private companies.

Data: /api/v1/countries/saudi-arabia.json (filter by class = "composite"). Licence CC BY 4.0, attribute KAFS North America.