Allied Cooperative Insurance Group - Company Profile
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Allied Cooperative Insurance Group (ACIG) is a general insurance company. It offers insurance products for motor, medical, travel, personal accident, home, workmen’s compensation, public liability, marine, and medical malpractice. The company also offers a range of engineering insurance products, which includes contractors' all-risks insurance, erection all-risks insurance, machinery breakdown insurance, and electronic equipment insurance. ACIG also offers property insurance products such as fire and allied perils insurance, property all-risks insurance, and home insurance. These products and services are offered to individuals and corporate customers through a network of branches located in Jeddah, Al Khobar, and Khamis Mushayt. ACIG is headquartered in Riyadh, Saudi Arabia.
Allied Cooperative Insurance Group premium industry data and analytics
Products and Services
Products | Services |
---|---|
Motor Third-Party Liability Insurance | Claims Services |
Motor Comprehensive Insurance | |
Medical Insurance | |
XYZ | |
XYZ | |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Others | In February, the company terminated its merger with Amana Cooperative Insurance Company. |
2022 | Contracts/Agreements | In September, the company entered into an agreement to merge with Amana Cooperative Insurance. |
2021 | Regulatory Approval | In March, the company received approval from Saudi Central Bank to sell Motor Vehicles Financially Leased to Individuals insurance product in Saudi Arabia. |
Competitor Comparison
Key Parameters | Allied Cooperative Insurance Group | Arabian Shield Cooperative Insurance Co | Allianz Saudi Fransi Cooperative Insurance Co | Arabia Insurance Cooperative Company | Al Sagr Cooperative Insurance Company |
---|---|---|---|---|---|
Headquarters | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
City | Riyadh | Riyadh | Riyadh | Riyadh | Al-Khobar |
State/Province | - | Riyadh | Riyadh | - | - |
No. of Employees | - | - | 462 | - | - |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Ali Bin Yahya Ali Al-Jaafari | Director; Managing Director | Executive Board | - | - |
Mohammed Abdullah Al Gadhi | Chief Executive Officer | Senior Management | - | - |
Hassan Owadh Al Hazmi | Vice President - Sales and Marketing | Senior Management | - | - |
Tawfeeg Ali Abdullah Alkulli | Vice President - Finance and Investment | Senior Management | - | - |
Yasser bin Muhammad AL Jarallah | Chairman | Non Executive Board | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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