Description

Headquartered in Al-Khobar, Kingdom of Saudi Arabia, Walaa Cooperative Insurance Company, established in 2007, delivers a comprehensive portfolio of cooperative insurance and reinsurance services across the Saudi Arabian market. The company's offerings span various key sectors. Its property insurance division includes coverage for all risks, fire and specified perils, home protection, and business interruption. Engineering insurance solutions encompass policies for erection and construction all-risk, contractors' plant and machinery, and machinery breakdown (along with resulting loss of profit or deterioration of stock). For vehicle owners, Walaa provides comprehensive and third-party liability policies for both commercial and private motor vehicles. Marine insurance covers both cargo and hull. Furthermore, the company offers medical insurance plans and a wide array of miscellaneous accident coverages. These include comprehensive general liability, professional indemnity, medical malpractice, directors and officers liability, cyber liability for privacy and network security, fidelity guarantee, money insurance, personal accident, workmen's compensation and employers liability, travel, aviation hull, and public and product liability. Notably, the company operated as Saudi United Cooperative Insurance Company until its rebranding to Walaa Cooperative Insurance Company in May 2017.