Twelve insurers to provide COVID-19 insurance for citizens traveling out of Saudi Arabia

Tadawul trading screen

A total of 12 Saudi-listed insurance services providers signed an agreement to participate in an insurance pool with some companies, under the management of The Company for Cooperative Insurance (Tawuniya), to cover the compulsory travel insurance product for citizens traveling out of Saudi Arabia, including the benefits that cover COVID-19 infection risks.

These insurance firms are Al Alamiya for Cooperative Insurance Co., Allianz Saudi Fransi Cooperative Insurance Co. (Allianz SF), Walaa Cooperative Insurance Co., Gulf General Cooperative Insurance Co., The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF), Al-Rajhi Company for Cooperative Insurance (Al-Rajhi Takaful), AXA Cooperative Insurance Co., Buruj Cooperative Insurance Co., Al-Etihad Cooperative Insurance Co., Malath Cooperative Insurance Co., Al Sagr Cooperative Insurance Co., and Arabian Shield Cooperative Insurance Co.