Walaa Cooperative Insurance Company

Leading Insurance and Reinsurance Provider

Walaa Cooperative Insurance Company aims to become a leading insurance and reinsurance provider for all classes of products to all sections of society. We take pride in being one of the leading insurance and reinsurance companies in the Kingdom of Saudi Arabia, with a fully paid-up capital of SAR 646 million.

Our Expertise

Walaa Cooperative Insurance Company has been assigned an (A-) Insurance Financial Strength Rating (IFSR) by S&P Global Ratings and a (gcAAA) GCC regional scale financial strength credit rating, both with a ‘stable’ outlook. Moody’s Investors Service rated Walaa with a financial strength rating of (A3). These ratings reflect our strong financial position and stability in the market.

Our Reach

Headquartered in Al-Khobar, the oil hub of the Kingdom, we serve our clients all over the Kingdom through three regional offices and more than 70 retail offices. Our extensive network ensures that we are always close to our clients, providing them with the best possible service.

Vision

Our vision is to position ourselves as one of the leading insurance and reinsurance companies in the Saudi market. We aim to provide all classes of Shariyah-compliant products in all sectors and to all cross-sections of society.

Mission

Our mission is to offer a wide range of high-quality insurance and reinsurance products that meet the diverse needs of our clients. We are committed to providing exceptional service and ensuring the satisfaction of our clients.

Values

Our core values include:

• Integrity: Conducting all operations with honesty and strong ethical principles.
• Quality: Upholding the highest standards in all services we provide.
• Customer Focus: Prioritizing client needs and exceeding their expectations.
• Reliability: Ensuring consistent, dependable service delivery.

Our Services

Walaa Cooperative Insurance Company offers a comprehensive range of insurance and reinsurance products, including:

• Health Insurance: Providing coverage for medical expenses and health-related services.
• Motor Insurance: Offering protection for vehicles against accidents, theft, and damage.
• Property Insurance: Insuring homes, businesses, and other properties against risks.
• Marine Insurance: Covering ships, cargo, and other maritime assets.
• Life Insurance: Providing financial security for individuals and their families.
• Reinsurance: Offering risk management solutions for other insurance companies.

Customer First Always

At Walaa Cooperative Insurance Company, we place our clients at the forefront of everything we do. Our customer-centric approach ensures that we understand and meet the specific needs of our clients. We build long-lasting relationships based on trust, reliability, and mutual respect.

Commitment to Excellence

Our commitment to excellence is evident in every aspect of our business. We adhere to strict quality control measures to ensure that our services meet the highest standards. Our skilled professionals work diligently to provide exceptional insurance and reinsurance solutions, enhancing client satisfaction and confidence.

Contact Us

For more information about Walaa Cooperative Insurance Company and how we can meet your insurance and reinsurance needs, please visit our website or contact our customer service team. We look forward to partnering with you to provide high-quality solutions.

Our Website: www.walaa.com