About Us

Originally founded in 1964, we offer a wide range of insurance solutions for personal and corporate use.

About Us

Originally founded in 1964, we offer a wide range of insurance solutions for personal and corporate

A leading insurer in the GCC

Powered by a team of over 200 professional employees, we service our clients locally in 5 countries accross the Gulf and Lebanon. Our success throughout the past 50 years is due to:

Excellent reinsurance securities and financial stability

Our Ability to operate in dynamic conditions.

Our commitment to fair and prompt claims resolution.

Mission

We are committed to providing our customers with personalized, competitive and comprehensive insurance solution and to paying claims fairly and promptly

Vision

To be the leading regional insurance organization

Responsiveness

Our experienced teams serve our customers in a prompt and professional manner.

Integrity

We never compromise on product quality or service delivery. Fairness, transparency and compliance are at the core of our culture.

Partner of Choice

We aim to remain the preferred trusted insurer and the ideal employer.

Commitment

We strive to exceed stakeholders' expectations: customers, shareholders, employees and regulators.

Our Journey Until Today

Acquisition of Al Nisr Insurance Co in Lebanon.
Saudi Arabian Insrance Company was established in Bahrain. Dubai & Abu Dhabi branches opened.
Bahrain branch opened.
Kuwait & Oman branches opened. Saudi Arabian Cooperative Insurance Company established with Saudi Arabian Insurance Company B.S.C. (c) being the founding shareholder with 30% equity.
SAICO HEALTH CARE W.L.L., the in-house TPA was established.

Received an inaugural rating from AM Best.

Received a compliance award from Insurance Authority UAE.

SAICOHEALTH launched local medical products in UAE, Oman, Bahrain & Kuwait. Oman branch opened.
Launched our digital platforms for medical & motor insurance.

Revamped Abu Dhabi, Bahrain, Kuwait and Oman offices