Leading Regional Insurance Organization

A leading insurer in the GCC

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

Damana Insurance

About Us

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

Damana Insurance Excellent reinsurance securities and financial stability.

Damana Insurance Our ability to operate in dynamic conditions.

Damana Insurance Our commitment to fair and prompt claims resolution.


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



To be the leading regional insurance organization.



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



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

Partner of Choice

Partner of Choice

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



We strive to exceed stakeholders’ expectations; customers, shareholders, employees and regulators.

Our Journey until today

  1. 1964

    Acquired Al Nisr Insurance Co in Lebanon

  2. 1980

    Saudi Arabian Insurance Company B.S.C. (c) established in Bahrain

  3. 1982

    Dubai branch opened

  4. 1989

    Abu Dhabi branch opened

  5. 1996

    Bahrain branch opened

  6. 2001

    Kuwait branch opened

  7. 2007

    Saudi Arabian Cooperative Insurance Company established with Saudi Arabian Insurance Company B.S.C. (c) being the founding shareholder with 30% equity

  8. 2008

    Oman branch opened

  9. 2010

    Al Nisr S.A.L. became Saudi Arabian Insurance Company S.A.L. Saudi Arabian Insurance Company B.S.C. (c) took over Al Nisr Oman and Al Nisr Bahrain.

  10. 2013

    SAICO HEALTH CARE W.L.L. , the in-house Third Party Administrator (TPA) and Bahrain second branch established.

  11. 2014

    DAMANA and SAICOHEALTH brands launched

  12. 2015

    Received an inaugural rating from AM Best

  13. 2016

    Received a compliance award from Insurance Authority UAE

  14. 2018

    SAICOHEALTH launches local medical products In UAE, Oman, Bahrain

  15. 2019

    SAICOHEALTH launches local medical products in Kuwait

  16. 2020

    Oman new branch opened