Description

United Cooperative Assurance Company, founded in 2008 and headquartered in Jeddah, Saudi Arabia, specializes in offering cooperative insurance solutions throughout the Kingdom. Its diverse portfolio addresses numerous sectors and client needs, beginning with aviation coverage for aircraft operations and associated perils, alongside energy insurance specifically designed for the upstream and midstream segments of the oil and gas industry. The company further extends its services to include medical and trade credit protection. Its comprehensive engineering insurance suite encompasses policies such as contractors' all risks, plant and machinery coverage, deterioration of cold storage stock, erection all risks, electronic equipment protection, and insurance against profit loss following machinery breakdown. Additionally, a broad array of general accident insurance products is available, featuring fidelity guarantee, money insurance, personal accident, product liability, professional indemnity, third-party liability, and workers' compensation. United Cooperative Assurance also provides marine insurance for both hull and cargo, and motor vehicle policies covering accidental loss or damage, as well as third-party liabilities. Finally, its property insurance offerings include fire and special perils for residential, commercial, and industrial properties, in addition to all-risks coverage for material damage and business interruption.