Sanad cooperative insurance and reinsurance JSC

Sanad - aspires to be a leading insurer providing exceptional services to its customers. It exists so that you have someone to trust. This is a simple yet powerful vision that embodies two critical elements. First and foremost is our pledge that we will keep our promises to you – we will not renege on your trust in us. Secondly we will ensure that we treat you fairly, courteously, in a timely manner and generally provide you with a top quality service.

Company highlights:

  • Sanad is a publicly traded company in the Kingdom, with a paid up capital of SAR 200 million and with reputable shareholders.
  • Sanad is building a customer focused and centered team, one that is comprised of diligent individuals, who collectively act with integrity and professionalism.
  • Sanad’s product offerings both current and future will encompass a wide spectrum, reflecting the insurance needs in the Kingdom. From the basic ones – health, motor and property to more complex ones engineering, energy, miscellaneous accident, marine and aviation, Sanad is here to serve both individual and institutional clients.
  • The strategic planning and sound implementation supervision for Sanad is performed by a Board of Directors comprised of 11 members appointed for a term of 3 years by the company’s general assembly.

Our objectives:

  • Presenting a series of competitive and varied insurance products.
  • Offering insurance products that are not currently available in the marketplace.
  • Developing and augmenting the quality of insurance services currently not being provided.
  • Contributing in increasing insurance awareness among the general population.
  • Providing training for indigenous Saudis.
  • Developing guidelines that guarantee the rights of policy holders.
  • Determining reasonable pricing levels.
  • Monitoring the market and responding rapidly and precisely to changes and competitive levels.
  • Increasing the coordination between insurance companies in the region (especially in Saudi Arabia) through regular meetings and insurance symposiums.
  • Enlarging the customer base of the company through constant efforts to open new branches.
  • Constant search for new competitive advantages and opportunities and benefiting from them.
  • Developing and executing efficient mechanisms to combat risk and risk exposure through sound financial analysis and advanced underwriting methods and effective control mechanisms.
  • Achieving a distinguished presence in the Kingdom’s insurance market.

Our services:

  • Motor Vehicle Insurance
  • Property Insurance
  • Engineering Insurance
  • General Accident Insurance
  • Casualty/Liability Insurance
  • Marine Insurance
  • Health Insurance

 

Future services:

  • Aviation
  • Agriculture
  • Hull
  • Energy insurance
  • Professional indemnity

 

Website: www.sanad.com.sa