United Cooperative Assurance Company Overview
Pro stress-test →United Cooperative Assurance Company SJSC (UCA) is a Saudi Arabia-based public shareholding company engaged in the provision of cooperative insurance and reinsurance products and services. The Company is organized into three business segments: Health Insurance, Motor Insurance and Other Classes, with an additional energy segment focus.
Strategic Profile
Pro stress-test →United Cooperative Assurance Company provides cooperative insurance and reinsurance products to individuals and businesses in the Kingdom of Saudi Arabia. The company has experienced significant market challenges, with reported accumulated losses at 54.7% of capital as of recent reporting, indicating headwinds in underwriting profitability and operational execution.
Competitive Landscape
Pro stress-test →UCA operates in a crowded Saudi insurance market alongside multiple competitors including Tawuniya, Bupa Arabia, Malath Insurance, and Arabian Shield. The cooperative insurance model is common in Saudi Arabia, with numerous specialized and general insurers competing across similar segments. The company operates through Medical, Motor, Energy, and Others segments, competing primarily on product offerings and customer service in these categories.
Industry Context
United Cooperative Assurance Company operates in Insurance - Diversified / Cooperative Insurance.
Key facts
Founded: 2008 · Headquarters: Jeddah, Saudi Arabia · Employees: N/A · Revenue: N/A · Market cap: $294M