SALAMA Cooperative Insurance Company (SALAMA Cooperative Insurance Company) : Company Profile and SWOT Analysis
Timetric's "SALAMA Cooperative Insurance Company (SALAMA Cooperative Insurance Company) : Company Profile and SWOT Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, financial analysis, key employees, company locations and subsidiaries, employee biographies as well as competitive benchmarking data.
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Provides data on company financial performance and competitive benchmarking.
The profile also contains information on business operations, company history, major products and services, key employees, and locations and subsidiaries.
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SALAMA Cooperative Insurance Company (SALAMA Cooperative), formerly Saudi IAIC Cooperative Insurance Company, is a provider of Shari’ah compliant insurance solutions (Takaful). The company offers insurance products for fire and property, motor, health, miscellaneous personal accident, workmen’s compensation, traveler’s accident and hospitalization, public liability, product liability, and employer’s liability. It also offers marine cargo insurance, marine hull insurance, and engineering insurance comprising erection all risks insurance, contractor’s all risks insurance, contractor’s plant and machinery insurance, machinery insurance, and boiler and pressure vessel insurance. SALAMA Cooperative serves both individual and institutional customers through its offerings. The company operates in the UAE, Saudi Arabia, Egypt, Senegal, Jordan, Algeria, and Tunis. SALAMA Cooperative is headquartered in Jeddah, Saudi Arabia.
The company reported gross written premiums of SAR571.4 million for the fiscal year ended December 2016 (FY2016), an increase of 45.9% over FY2015. It reported net earned premiums of SAR433 million FY2016, an increase of 26.8% over FY2015.