Gulf General Cooperative Insurance Company Overview
Pro stress-test →Gulf General Cooperative Insurance Company provides various insurance products for business and individuals in Saudi Arabia, offering vehicle insurance, international travel, visitor insurance, medical malpractice, marine insurance, personal accident insurance, medical, health care and life, engineering, public liability, and property insurance. Founded in 2009 and headquartered in Jeddah, the company operates as a diversified general insurer serving the Kingdom's insurance market.
Strategic Profile
Pro stress-test →Gulf General operates across multiple insurance segments including property, engineering, marine, and accident & liability, positioning itself as a comprehensive insurance provider. However, the company faces significant headwinds with declining market valuation and recent profitability challenges, suggesting competitive pressures within Saudi Arabia's insurance market.
Competitive Landscape
Pro stress-test →Gulf General competes within Saudi Arabia's diversified insurance market alongside established players including Tawuniya, SAICO, Arabian Shield, Salama, Walaa, Al-Etihad, and other cooperative insurers. The competitive landscape is fragmented with multiple specialized and general insurers, though market consolidation and regulatory pressures have intensified competition in recent years.
Industry Context
Gulf General Cooperative Insurance Company operates in Insurance - Diversified.
Key facts
Founded: 2009 · Headquarters: Jeddah, Saudi Arabia · Revenue: $410.93M · Market cap: $32.1M