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Al Sagr Cooperative Insurance Company: A Legacy of Trust, Innovation, and Excellence
Al Sagr Cooperative Insurance Company began its journey in 1983. Over the last 40 years, it has become one of the most trusted insurance providers in Saudi Arabia. The company began as a branch of Al Sagr National Insurance Company in the UAE. It later served as an agent for the Saudi Al Sagr Insurance Company in Bahrain. Over time, it firmly rooted itself in the Saudi market, earning the trust of both individuals and businesses.
Over the years, Al Sagr has built strong client trust by offering customized insurance solutions. We design these services using advanced risk analysis, transparent processes, and strong ethical values. Today, the company operates with a capital of SAR 300 million. It holds Commercial Registration No. 2051036871 and functions under License No. TMN/13/20083. Moreover, the company trades publicly and operates under the direct supervision of the Saudi Insurance Authority.
Innovation, Responsibility, and Market Understanding
Driven by a clear vision, Al Sagr aspires to be the leading provider of insurance solutions in Saudi Arabia. The company blends technological innovation with a customer-first mindset to address the dynamic needs of the insurance market. It also remains deeply committed to corporate social responsibility, maintaining a strong ethical code and supporting local community development.
With a network of branches across the Kingdom, the company ensures widespread access to its services. It empowers clients—individuals and companies alike—by assuming risk, delivering peace of mind, and supporting them in their growth journeys.
Comprehensive Risk Management and Technical Expertise
Al Sagr carefully reviews each client’s risk exposure. Then, it customizes coverage to meet their specific needs. The company offers a wide range of products, including property, health, marine, and business liability insurance. Each solution delivers precision and reliability and is supported by top global reinsurers.
As part of its risk management services, Al Sagr’s engineering team visits client sites. They inspect facilities and provide recommendations to reduce risks. These steps help improve safety and strengthen operational stability for businesses.
A People-Driven Organization
Al Sagr attributes its success to a highly qualified, professional workforce. The company actively invests in Saudi talent, providing comprehensive training and career development in a performance-based environment. A well-defined Code of Conduct reinforces corporate values, ensuring employees contribute to business goals while upholding transparency and environmental responsibility.
Vision, Mission, and Philosophy of Al Sagr Insurance
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Vision: To become the most respected and preferred insurance provider in Saudi Arabia.
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Mission: To promote the concept of insurance, maintain professional integrity, and adapt to changing business models.
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Philosophy: To deliver superior products, settle claims fairly and swiftly, and invest in developing Saudi youth.
