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Monday, July 12, 2010

List of Insurance and Reinsurance Companies and Services Providers as published by Saudi Arabian Monetary Agency

List of Insurance and Reinsurance Companies
and Services Providers

10/7/2010 – 28/7/1431 H


First: Insurance and Reinsurance Companies


(1) Licensed Companies:

The Company for
Cooperative Insurance
(Tawuniya)
800 124 9990
The Mediterranean & Gulf
Cooperative Insurance &
Reinsurance (MedGulf)
01 4779229
Malath Cooperative
Insurance & Reinsurance
Company
01 4168222
Saudi Arabian Cooperative
Insurance Company
(SAICO)
01 4759922
Al Ahli Takaful
02 6927606
SABB Takaful
01 2764400
Arabian Shield
Cooperative Insurance
01 4645943
Saudi IAIC for Cooperative
Insurance (SALAMA)
02 6647877
Gulf Union Cooperative
Insurance Company
01 4661830
Assurance Saudi Fransi
01 4042222
Sanad for Cooperative
Insurance and Reinsurance
01 2927111
Trade Union Cooperative
Insurance Company
03 8572222
Al Sagr Company for
Cooperative Insurance
03 8595363
Saudi Indian Company for
Cooperative Insurance
01 2150983
Arabia Insurance
Cooperative Company
01 2153360
Saudi United Cooperative
Insurance (Wala'a)
03 8652200
BUPA Arabia for
Cooperative Insurance
02 6636936
Saudi Re For Cooperative
Reinsurance company
01 2019798
United Cooperative
Assurance (UCA)
02 6530068
Al-Ahlia Cooperative
Insurance
01 4726666
Allied Cooperative
Insurance Group (ACIG)
02 6574999
Al Rajhi Company for
Cooperative Insurance
01 4730477
Ace Arabia Cooperative
Insurance Company
03 8424441
Alalamya for Cooperative
Insurance
02 6927085
AXA Cooperative Insurance
Company
03 8822813
Gulf General Insurance
Company
02-6516610
Buruj cooperative Insurance
Company
01-2935265
Wiqaya Takaful Insurance
& Reinsurance Company
01 4501001
Amana Cooperative
Insurance Company
01 4757700
Wataniya Cooperative
Insurance Company – SNIC
02 6606200


(2) Listed Companies:

Solidarity Saudi Takaful
Company
01 2798999


(3) Companies Approved to be established by the council of
Minster:

ANB – AIG
01-2061622
Tokio Marine Saudi
Arabia
02 6433334


Second: Licensed Insurance and Reinsurance
Services Providers


(1) Insurance Brokers:

Wajeef Insurance
Brokerage Services
01 -4566290
Al-Thanyan Company for
Insurance Brokerage
01- 4788895
Saudi Brokers
Insurance & Reinsurance
Brokerage
03 8821840
AON Saudi Arabia
Insurance Brokerage
01 4770072
AlJazira Takaful Taawuni
02-6836364
Insurance House for
Insurance & Reinsurance
Brokerage
01 -4661096
Willis Saudi Arabia
for Insurance Brokerage
03 8945669
AlAman Insurance &
Reinsurance Broking
02 6511703
National Insurance Brokers
Company
01 -4623350
First Insurance &
Reinsurance Brokers
Company
03 8353335
United International for
Insurance & Reinsurance
Brokerage
01-4197799
SAAB Insurance Services
LTD
01 2763925
ACE Insurance Broker
01 4792330
AlMustashar for Insurance
Brokerage Services
01 2811129
Solutions Insurance
Brokerage Company
02 6650001
Green Shield National for
Insurance & Reinsurance
Brokerage
02 6534251
Arabian Marketing Services
Company (AMS) Insurance
& Reinsurance Brokers
02 6971063
The Insurance Brokerage
House
02 6683578
Trust Insurance Brokers
Co.
02 6691926
Saudi Link Insurance
Brokers Co.
01-4602872
Mayar Insurance House
01 4726424
Hazard Protection for
Insurance Brokerage
01 4615159
Marsh Saudi Arabia
Insurance & Reinsurance
Brokers
01 4191955
DAMAN Insurance &
Reinsurance Brokerage
Company
01-2171012
Saudi Belgian Reinsurance
Broking Company
(SABEL Re)
01 2051512
Wasl Insurance Broker
01 2886788
ITTIHAD INSURANCE
BROKERS.
920001066
Saudi Brokerage Company
01 4615424
Al Mamoon overseas
Insurance Broker
02-6454888
Elite Insurance &
Reinsurance Brokers
920007474
Commercial Services
Company Arabia Insurance
Brokers
02-6747215
Nasco Karaoglan Saudi
Arabia
01-2064666
Golden Fidelity
for Insurance
&Reinsurance Broker
02-6575520
Lonsdale & Associates
Insurance & Reinsurance
Brokers
01-4759966
Gulf Company for Insurance
Brokers Co.
01-4791029
Al Tayyar Insurance
Broker
01 4657488
Al Yamamah Insurance
Broker
03 8349724
Trust Brokers for
Insurance &Reinsurance
Brokerage
03 8872660
Aims Gulf Insurance
Brokers
03 8575200
Alaman Saudi Arabia
Insurance & Reinsurance
Brokers
02 6682237
Addison Bradley Insurance
and Reinsurance Brokerage
01-4779229


(2) Insurance Agency:

Waken Insurance Brokers
01 2931678
Independent Company for
Insurance Brokerage
services
02-6533295
M.M.Albassami Company
for Insurance Brokerage
01-4778277
Chedid Reinsurance
Brokerage LTD
01 4624932
Al Mosanada Insurance
Brokers
01-2790949
Global Insurance Broker
01-4509191
Masarat Altamin Insurance
Brokers
01-4190641
Arabian Company for
Insurance Agency
01 4740011
ACE Insurance
Agents
01 4792330
Crystals Company for
Cooperative Insurance
Agency
01 2311841
The Ocean Modern
Insurance Agency
02 6521667
Mohammed Abdulaziz
AlHamidi Sons Insurance
Agency
01 -4880066
Saudi Takaful Insurance
Agency Co.
01-2179847

AlMayazeen for Insurance
Agency Co
01-4122155
AlMarooz insurance agency
Co.
01-4055561
AlMotaqademah for
Insurance Agency Co
02-6519996
AlAreen insurance agency
Co.
01-2635375
Elite Global Insurance
02 6689734Agency
Watani Takaful Company –
Insurance Agency
01 4941042
Alsamiya Company LTD
01-4055550
Shire Company for
Insurance Agency
01 2690080
Waad Insurance Agency
Company
01 4548422
Al-sabil Insurance Agency
03 8960017
Alahli Insurance Markting
Services Company Ltd.
02-6463266
Saudi Anadel Agency
01 4024030
Al-Aried Insurance Agency
Company
01-4122004
SABB Insurance Agency
Limited
01-4050677
Saudi Fransi Insurance
Agency
01-4042222
Future Way Insurance
Agency
03-8566424


(3) Actuaries:

Manar Sigma for Insurance Consultancy & Acturial Services
01-2113344


(4 ) Loss Assessors and loss Adjusters:

Noble Inspection & Loss
Adjustment Company
(NILACO)
01 4724728
Najm for Insurance
Services
01 2057787
McLarens Young Saudi Ltd.
02 6650635
SAUDI INSPECTION,
SURVEY&LOSS
ADJUSTING CO LTD
02 6570995
Saudi Cunningham Lindsey
for Loss Assessors & loss
Adjustors
03-8994697

Ahmed Omar Badhedouh
SURVEY&LOSS
ADJUSTING CO
02-6572647
Crawford & Company Loss Adjusters
03-8950794
Manar Sigma for Insurance Consultancy
& Actuarial Services
01 2113344


(5) Insurance Claims Settlement Specialists (Third
Party Administrators):

Najm for Insurance Services
01 2057787
Globe Med Saudi
01 2784825
Saudi Next Care
03 8988910
Total Care Saudi Third
Party Administrators
03 8981155


(6) Insurance Advisors:

Mednet Saudi Arabia Limited
02-6444448
Manar Sigma for Insurance
Consultancy & Actuarial
Services
01 2113344
ACE Insurance Consultant
LTD
01 4792330
Dar Mousa Insurance
Consulting Services
01-2690690
Marsh Insurance Consulting
Saudi Arabia
01 4191955
Cooperative Insurance
Consultancy Co. Ltd
02 6614001
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Islamic Banking

The current financial crisis coupled with global recession has caused many flutters. Islamic Banking, if it follows the real principles of Shariah, it can go a long way in addressing the global issues like poverty, inflation, fraud, unemployment, recession and will fuel growth of economy in real terms. The failure of capitalistic principles in addressing the core issues of society will create a big vaccum, which can be very well filled by the Islamic Economic and Banking system which takes care of societal needs and benefits the society at large. Labelling any product and system as Islamic may the address the real issue.
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