Chubb Arabia Cooperative Insurance Company (8240)

Overview

Chubb Arabia Cooperative Insurance Company stands as a leading property and casualty insurer, offering its services both within the Kingdom of Saudi Arabia and on an international scale. Founded in 2008 and headquartered in Al Khobar, the company is dedicated to serving a wide array of clients, including multinational corporations, mid-size and small businesses, affluent groups, high net worth individuals, companies and affinity groups. It also caters to insurers seeking reinsurance coverage for managing exposures. The organization is structured into five key segments: Property Insurance, Engineering, Motor Insurance, Casualty, and Other, allowing for a focused and specialized approach in each domain of its operations.

Products and Services

Chubb Arabia Cooperative Insurance Company's comprehensive suite of insurance products is designed to meet the diverse needs of its clientele. Here is a breakdown of their main offerings:

• Property and Casualty Insurance: This category includes property all risks, fire and allied perils, business interruption, householders', terrorism and sabotage, burglary and housebreaking, general liability, workmen's compensation and employer's liability, motor, plate glass, money, crime, fidelity guarantee/employee dishonesty, and travel insurance products.
• Engineering Insurance: This segment provides essential covers for contractors all risk, erection all risks, machinery breakdown, business interruption due to machinery breakdown, and comprehensive protection for computer/electronic data processing, alongside machinery, plant, and equipment all risks insurance products.
• Marine Insurance: Offering marine cargo, project cargo and DSU (Delay in Start Up), inland transit, and marine hull insurance, this product line ensures that transportation and shipping exposures are well covered.
• Life and Personal Accident: This segment includes group life and group personal accident insurance products, offering essential protection to groups and individuals.
• Financial Insurance: Tailored for the banking and financial services sectors, offerings include bankers blanket bond, financial institutions professional indemnity, civil liability for financial institutions, electronic and computer crime, fraud protector, financial services industry insurance policy, and directors and officers liability insurance. This comprehensive range meets the complex needs of financial entities.
• Reinsurance Services: Beyond direct insurance, Chubb Arabia also provides reinsurance services, helping other insurers manage and mitigate risks through a strong reinsurance support system.

With a versatile and comprehensive portfolio, Chubb Arabia Cooperative Insurance Company equips its clients across various sectors with the necessary tools to safeguard against a wide range of risks, thereby securing their assets and ensuring business continuity.