Saudi Arabia · Middle East & Gulf · class C
Composite insurance companies in Saudi Arabia
20 licensed composite insurers, 77% of the 26 insurance entities supervised by the Insurance Authority. Licensed to write both life and non-life business under one entity.
| Company | Class | Parent / group | Ownership | Regulator | Verification |
|---|---|---|---|---|---|
| Al Sagr Cooperative | CComposite | Al Sagr | Domestic private | IA | Verified |
| Al-Etihad Cooperative | CComposite | Al-Etihad | Domestic private | IA | Verified |
| Allianz Saudi Fransi (ADNIC-controlled) Allianz sold majority 2022 | CComposite | ADNIC | Foreign multinational | IA | Verified |
| Allied Cooperative Insurance Group (ACIG) | CComposite | ACIG | Domestic private | IA | Verified |
| Amana Cooperative | CComposite | Amana | Domestic private | IA | Verified |
| Arabia Insurance Cooperative (AICC) | CComposite | Arabia | Domestic private | IA | Verified |
| Arabian Shield Cooperative | CComposite | Arabian Shield | Domestic private | IA | Verified |
| Buruj Cooperative | CComposite | Buruj | Domestic private | IA | Verified |
| Chubb Arabia | CComposite | ChubbIAIG | Foreign multinational | IA | Verified |
| GIG Saudi (ex-AXA Cooperative) | CComposite | Gulf Insurance Group / FairfaxIAIG | Foreign multinational | IA | Verified |
| Gulf General Cooperative | CComposite | Gulf General | Domestic private | IA | Verified |
| Gulf Union Alahlia Merger of Gulf Union and Al Ahlia | CComposite | Gulf Union | Domestic private | IA | Verified |
| Liva Insurance KSA (ex-Al Alamiya / RSA) | CComposite | Liva Group | Foreign multinational | IA | Verified |
| Malath Cooperative | CComposite | Malath | Domestic private | IA | Verified |
| Medgulf | CComposite | Medgulf | Domestic private | IA | Verified |
| Saudi Arabian Cooperative (SAICO) | CComposite | SAICO | Domestic private | IA | Verified |
| Tawuniya (Company for Cooperative Insurance) Largest | CComposite | PIF / GOSI | State-owned / parastatal | IA | Verified |
| United Cooperative Assurance (UCA) Absorbed Saudi Enaya | CComposite | UCA | Domestic private | IA | Verified |
| Walaa Cooperative Insurance Absorbed SABB Takaful and MetLife AIG ANB | CComposite | Walaa | Domestic private | IA | Verified |
| Wataniya Insurance | CComposite | Wataniya | Domestic private | IA | Verified |
No insurers match that filter.
About composite insurers in Saudi Arabia
How many composite insurers are licensed in Saudi Arabia?
20 of the 26 licensed insurance entities in Saudi Arabia are classified as composite (77%), according to the IA register as reflected in this directory (verified - listed population).
Who regulates composite insurers in Saudi Arabia?
Insurance Authority (IA), under Cooperative model; consolidation ongoing. Official website: https://ia.gov.sa.
Are the composite insurers in Saudi Arabia locally or foreign owned?
4 of 20 belong to regional or foreign multinational groups (including Al Sagr, Arabia, Chubb, Gulf Insurance Group / Fairfax), 1 are state-owned, and the rest are domestic private companies.
Data: /api/v1/countries/saudi-arabia.json (filter by class = "composite"). Licence CC BY 4.0, attribute KAFS North America.