Skip Ribbon Commands
Skip to main content
Sign In
16 Rajab 1440     23 March 2019

Skip Navigation Linksdefault

General FAQ

  • What is insurance?

    • It is a cooperative system aiming at protecting individuals and corporates from potential financial losses resulting from unanticipated coverable incidents by bringing back the insured persons to their financial position before the incident and sharing the earned surplus from insurance activities with them. The Supervision of Cooperative Insurance Companies Law and its Implementing Regulations stipulate that insurance companies shall share with the insured persons the profits generated by insurance operations by distributing a share of 10 percent to the insured persons or reducing their premiums for the next year and adding 90 percent to the shareholders' income.

  • What can be covered by an insurance policy?


    • Personal or corporate properties (such as buildings, plants and cars). Property Insurance includes all potential risks to property such as fire and theft.
    •  Civil liability arising from unlawful damage caused by the insured person to a third party.
    • Cooperative personal insurance (such as protection and savings insurance which provides families with certain amounts after the death of their breadwinners or the end of insurance coverage, personal accidents insurance and health insurance).

  • What are the available types of insurance?

    • Motor Insurance, which has two types:
    • Third-Party Liability Motor Insurance:

    It covers a vehicle owner's civil liability for deaths, physical injuries and financial damages towards others. In case of accidents, the insurance company is obliged to pay the affected party the diyya (blood money) and provide compensation for injuries, medical expenses, or cost of damage inflicted on third party property.


    • Comprehensive Motor Insurance:

    It covers insured vehicles against financial damage resulting from accidents, fire or theft. It also covers the vehicle owners' civil liability towards others.


    • Engineering Insurance:
    • Contractors' All Risks Insurance which covers contractors' liability towards owners and third parties.
    • Contractors' Plant and Machinery Insurance
    • Machinery Breakdown Insurance
    • Civil liabilities associated with engineering insurance of all its types.

    • Property Insurance:
    • All Risks Insurance
    • Fire & Allied Perils Insurance
    • Theft and Burglary Insurance
    • Home Insurance

    • Transportation Insurance:
    • Goods in Transit
    • Marine Cargo
    • Aviation
    • Hull
    • Aircraft

    • Health Insurance:
    • Compulsory Insurance, such as the Policy of the Council of Cooperative Health Insurance.
    • Optional insurance
    • Group insurance
    • Individual insurance

    • Life Insurance:
    • Protection and Savings Insurance
    • Protection Insurance

    • Accidents and Liability Insurance:
    • Fidelity Insurance
    • Travel Insurance
    • Medical Malpractice
    • Money Insurance
    • Personal Accident
    • Professional Indemnity Insurance
    • Public Liability Insurance
    • Products Liability Insurance
    • Liability Insurance
    • Employer's Liability Insurance
    • Work Injury Insurance

  • Where can information on the Kingdom’s insurance sector be found?

Items 1-4 of 4