Arabia Insurance Cooperative Company: Business Overview, Financials & Competitive Analysis
Arabia Insurance Cooperative Company scores 6/10 on the AskCyborg Cyborg Score (Solid). Established regional multi-line insurer with stable market position but facing operational pressures that require strategic repositioning. The company demonstrates solid fundamentals as an established, regulated public insurer with regional presence and diversified product lines. However, data shows revenue decline of 26.4% in 2023 and net income decline of.
What is Arabia Insurance Cooperative Company's industry? Arabia Insurance Cooperative Company (aicc.com.sa) operates in Insurance - Multi-line (Property & Casualty, Health, Engineering, Marine). AskCyborg classifies Arabia Insurance Cooperative Company under Insurance - Multi-line (Property & Casualty, Health, Engineering, Marine) in its company registry.
Arabia Insurance Cooperative Company is a Saudi joint-stock company listed on the Saudi Stock Exchange 'Saudi Tadawul' under the trading name (AICC). The company provides insurance products and services in the Kingdom...
Cyborg Score thesis
Established regional multi-line insurer with stable market position but facing operational pressures that require strategic...
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Get Current Report FreeArabia Insurance Cooperative Company Overview
Pro stress-test →Arabia Insurance Cooperative Company is a Saudi joint-stock company listed on the Saudi Stock Exchange 'Saudi Tadawul' under the trading name (AICC). The company provides insurance products and services in the Kingdom of Saudi Arabia, operating through six segments: Medical Insurance, Motor Insurance, Fire, Engineering, Marine, and Other.
Strategic Profile
Pro stress-test →Established in 2007, it is part of the larger Arabia Insurance Company, which operates in eight countries across the Middle East. Through its products and services, the company caters to both individuals and corporate clients, positioning itself as a comprehensive multi-line insurance provider in the region.
Competitive Landscape
Pro stress-test →The company is regulated and supervised by the Saudi Central Bank. It competes within Saudi Arabia's insurance sector against other multi-line carriers operating in medical, motor, and specialty lines. The company's scale and regional heritage provide differentiation, though competitive pressures are evident in declining financials.
Industry Context
Arabia Insurance Cooperative Company operates in Insurance - Multi-line (Property & Casualty, Health, Engineering, Marine).
Key facts
Founded: 2007 · Headquarters: Riyadh, Saudi Arabia · Employees: 200 · Revenue: $137.9-148M · Market cap: $162-178M