Description

Walaa Cooperative Insurance Company provides cooperative insurance and reinsurance products and services in the Kingdom of Saudi Arabia. The company offers various property insurance products, including property all risk, fire and specified perils property damage, home, and loss of profit/business interruption insurance; and engineering insurance products, such as erection and construction all-risk, and contractor's plant and machinery/equipment insurance, as well as machinery breakdown insurance (MBD), loss of profit following MBD, and deterioration of stock following MBD. It also provides motor insurance products, which include commercial and private motor comprehensive, and third party liability policies; marine insurance products, including marine cargo and hull insurance policies; medical insurance; and miscellaneous accidents insurance products, such as comprehensive general liability, professional indemnity, medical malpractice, directors and officers liability, privacy and network security cyber liability, fidelity guarantee, money, personal accident, workmen's compensation and employers liability, travel, aviation hull, and public and product liability insurance. The company was formerly known as Saudi United Cooperative Insurance Company and changed its name to Walaa Cooperative Insurance Company in May 2017. Walaa Cooperative Insurance Company was founded in 2007 and is headquartered in Al-Khobar, the Kingdom of Saudi Arabia.