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.

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CompanyClassParent / groupOwnershipRegulatorVerificationPopularity
Al Sagr CooperativeTadawul: 8180CCompositeAl SagrDomestic privateIAVerified—
Al-Etihad CooperativeCCompositeAl-EtihadDomestic privateIAVerified—
Allianz Saudi Fransi (ADNIC-controlled)
Allianz sold majority 2022
CCompositeADNICForeign multinationalIAVerified—
Allied Cooperative Insurance Group (ACIG)Tadawul: 8150CCompositeACIGDomestic privateIAVerified—
Amana CooperativeCCompositeAmanaDomestic privateIAVerified—
Arabia Insurance Cooperative (AICC)CCompositeArabiaDomestic privateIAVerified—
Arabian Shield CooperativeTadawul: 8070CCompositeArabian ShieldDomestic privateIAVerified—
Buruj CooperativeCCompositeBurujDomestic privateIAVerified—
Chubb ArabiaCCompositeChubbIAIGForeign multinationalIAVerified—
GIG Saudi (ex-AXA Cooperative)Boursa Kuwait: GIGCCompositeGulf Insurance Group / FairfaxIAIGForeign multinationalIAVerified79 Confidence: Low
Gulf General CooperativeCCompositeGulf GeneralDomestic privateIAVerified—
Gulf Union AlahliaTadawul: 8120
Merger of Gulf Union and Al Ahlia
CCompositeGulf UnionDomestic privateIAVerified—
Liva Insurance KSA (ex-Al Alamiya / RSA)CCompositeLiva GroupForeign multinationalIAVerified—
Malath CooperativeTadawul: 8020CCompositeMalathDomestic privateIAVerified—
MedgulfTadawul: 8030CCompositeMedgulfDomestic privateIAVerified—
Saudi Arabian Cooperative (SAICO)Tadawul: 8100CCompositeSAICODomestic privateIAVerified—
Tawuniya (Company for Cooperative Insurance)State-owned
Largest
CCompositePIF / GOSIState-owned / parastatalIAVerified—
United Cooperative Assurance (UCA)
Absorbed Saudi Enaya
CCompositeUCADomestic privateIAVerified—
Walaa Cooperative InsuranceTadawul: 8060
Absorbed SABB Takaful and MetLife AIG ANB
CCompositeWalaaDomestic privateIAVerified—
Wataniya InsuranceCCompositeWataniyaDomestic privateIAVerified—

Popularity is an estimate of how often people search Google for each insurer, from 0 to 100; the bars show how confident the estimate is. Not a rating of the insurer. How the index works

About composite insurers in Saudi Arabia

How many composite insurers are licensed in Saudi Arabia?

20 of the 26 licensed insurance entities this directory lists in Saudi Arabia are classified as composite (77%). Verified against the regulator register.

Who regulates composite insurers in Saudi Arabia?

Insurance Authority (IA). Regime: Cooperative Insurance Companies Control Law (Royal Decree M/32, 2003); Insurance Authority since November 2023, taking over from SAMA; cooperative model. Official website: https://ia.gov.sa.

Who owns the composite insurers in Saudi Arabia?

Of the 20 licensed composite insurers in Saudi Arabia, 15 are domestic private companies, 4 are subsidiaries of foreign multinational groups (ADNIC, Chubb, Gulf Insurance Group / Fairfax), and 1 is state-owned or parastatal (PIF / GOSI), as recorded in the register.

Data: /api/v1/countries/saudi-arabia.json (filter by class = "composite"). Licence CC BY 4.0, attribute KAFS North America.