United Cooperative Assurance Company

Detailed Description

United Cooperative Assurance Company provides cooperative insurance, reinsurance, and other related products in the Kingdom of Saudi Arabia. It operates through Medical, Motor, Energy and Engineering Insurance, and Other segments. The company offers insurance protection for the operation of aircraft and the risks involved in aviation; and energy insurance that provides coverage for a range of activities within the upstream and midstream sectors of the oil and gas industry. It also provides medical insurance; trade credit insurance; and engineering insurance products, including contractors all risks, contractors plant and machinery, deterioration of stock in cold storage, erection all risks, electronic equipment, loss of profit following machinery breakdown, and machinery breakdown insurance. In addition, the company offers general accident insurance products, such as fidelity guarantee, money, personal accident, product liability, professional indemnity, third party liability, and workmen compensation and employer's liability insurance; and marine hull and cargo insurance products. Further, it offers motor insurance products comprising accidental loss or damage, and third party liability insurance; and property insurance products consisting of fire and special perils insurance for residential, commercial, and industrial properties; and material damage and business interruption all risks insurance products. United Cooperative Assurance Company was founded in 2008 and is headquartered in Jeddah, the Kingdom of Saudi Arabia.