Industry Focus

Cooperative Insurance Consultancy Co. Ltd. (CIC) has curated comprehensive solutions tailored for manufacturing and distribution organizations operating in Saudi Arabia and the Middle East, where they face specific and nuanced risks. Drawing upon the collective wealth of experience in claims recovery and intricate placements within the group, CIC’s guidance and support extend far beyond the scope of traditional insurance and risk advisory services. We offer a diverse range of insurance lines and solutions that address the unique concerns of manufacturing and distribution entities, including:

• Property Risk Control
• Business Interruption Computation
• Sites Survey
• Risk Improvement Recommendation and compliance implementation
• Machinery Breakdown
• Product Liability and Recall
• Property Insurances
• Marine and Land Transit
• Risk Management and Consulting
• Asset Valuations

As part of our unwavering commitment to Corporate Social Responsibility (CSR), Cooperative Insurance Consultancy Co. Ltd. (CIC) actively extends its services to cater to the unique needs of Non-Profit Organizations (NPOs) and Non-Governmental Organizations (NGOs). We understand the invaluable role these societies, charities, and cause-driven entities play in making a positive impact on our communities throughout Saudi Arabia, the Middle East, and Africa.

CIC approaches its work with NPOs and NGOs with a deep sense of purpose and responsibility. For our existing portfolio of Non-Profit and NGO clients, we operate on significantly reduced income, ensuring that financial constraints do not hinder their vital missions. Additionally, we take a personalized approach when assessing potential new clients and causes, exploring innovative ways to provide assistance without seeking profits.

In many instances, we go the extra mile by contributing additional resources at our own expense to further support various causes championed by NPOs and NGOs. Our goal is to empower these organizations, enabling them to maximize their impact on society.

If you are associated with or know of organizations operating in the realms of Non-Profit and NGOs that are seeking specialized support and assistance, whether in Saudi Arabia, the Middle East, or Africa, please do not hesitate to reach out to CIC. Together, we can work towards building a brighter and more inclusive future for our communities and the causes that matter most.

Cooperative Insurance Consultancy Co. Ltd. (CIC) takes immense pride in its involvement in pioneering projects that shape the landscape of Saudi Arabia and the Middle East. Our advisory role has extended to the creation of new multi-billion USD cities amidst the vast deserts of Saudi Arabia, overseeing multi-billion USD transportation projects and railways across the region, and contributing to the construction of some of the world’s most towering and iconic structures.

From colossal Mega-Developments, encompassing both vertical skyscrapers and sprawling horizontal infrastructure, to the construction of dams, power plants, desalination facilities, factories, and more, CIC and its group subsidiaries excel in providing tailored solutions to meet the unique demands of engineering endeavors. Our diverse range of solutions includes:

• Contractors and Erection All Risks
• Political Violence and Political Risks
• Off-Shore Construction
• Owner Controlled Insurance Programs
• Comprehensive General Liability
• Contractors Plant and Machinery
• Professional Indemnity Covers
• Advanced Loss of Profits (Delayed Startup, etc.)
• Contract/Solvency Guarantees

In the realms of healthcare provision, pharmaceutical manufacturing, distribution, and retail, every decision holds profound significance as they deal with the precious gift of human life. Even the slightest errors can have far-reaching consequences, often rendering organizations incapable of recovery.

Cooperative Insurance Consultancy Co. Ltd. (CIC) recognizes the sensitivities and inherent risks associated with these sectors. We extend our unwavering support to numerous hospitals and clinics across the GCC and the Middle East. Furthermore, we provide expert advice and insurance solutions to several pharmaceutical manufacturers and distributors in Saudi Arabia and the greater Middle Eastern region.

Within these critical sectors, we offer a range of indispensable covers and services, including:

• Employee Benefits cover
• Medical Malpractice
• Property Insurances
• Machinery Breakdown
• Product liability and Product Recall
• Comprehensive General Liability
• Property Risk Control
• Risk Management and Consulting

Among the most exposed industries in the Gulf Cooperation Council (GCC), Saudi Arabia and MENA Region, are banks and financial institutions. These entities have acquired a keen understanding of the diverse risks they confront and the imperative need to devise resourceful and effective insurance and risk management programs.

Cooperative Insurance Consultancy Co. Ltd. (CIC) takes pride in its role in assisting banks and financial institutions across Saudi Arabia, the GCC, and the broader MENA region in navigating their growth journey. We have supported them in shaping robust, adaptable, and ever-evolving insurance and risk programs that offer protection while aligning with their dynamic and expanding operations. We closely collaborate with insurers and reinsurers to place specialized lines of coverage almost weekly, consistently pushing the envelope to introduce innovative off-policy risk management initiatives where feasible.

Our mission is to safeguard our clients’ core businesses, as well as the various businesses and projects they finance. We provide comprehensive support across a spectrum of specialized lines, including:

• Bankers Blanket Bond (BBB) program
• Cyber Risks and Insurances
• Lenders Advisory and Compliance
• Directors and Officers Liabilities
• Mega Health and Employee Benefits Programs
• Group Credit Life
• Group Fleet Insurances

Cooperative Insurance Consultancy Co. Ltd. (CIC) has cultivated extensive expertise in serving some of the most significant and diverse shipping and logistics companies in Saudi Arabia, the GCC, and the wider Middle East. Our commitment extends across the region, ensuring that thousands of shipments and storage facilities are meticulously covered to address the unique risks inherent to this dynamic environment. From high-value Oil & Gas shipments worth hundreds of millions of dollars to time-sensitive, one-off shipments of critical documents, we provide tailored solutions to safeguard every cargo.

CIC stands as a beacon of assurance, offering clients effective and globally attuned solutions, while providing strong local servicing and support. We assist clients in the design, procurement, and management of various critical insurance lines, including:

• Global Marine Cargo Umbrella program
• Local and Regional Marine Cargo
• Hull and Machinery
• Land Transit
• Carrier’s Liability Insurances
• Fleet Insurances (Motor, Trucks, Etc.)
• Claims-collation of documents, management, liaison with Average Adjusters, collision investigation
• Cargo Claims Recovery

Cooperative Insurance Consultancy Co. Ltd. (CIC) proudly serves a diverse portfolio of over 120 publicly traded companies across the Gulf Cooperation Council (GCC). In Saudi Arabia alone, our group provides specialized insurance solutions to more than 30 Tadawul-listed entities, spanning across three or more major insurance lines. We recognize that publicly listed organizations operate under unique dynamics, and we are well-versed in addressing their distinctive priorities.

CIC’s deep understanding of publicly listed entities encompasses critical elements such as:

• Regulatory Compliance and Requirements
• Shareholder Implications
• Board Involvement: Visibility vs. Limitations
• Specialist Covers
• Corporate Governance

Our extensive experience enables us to provide invaluable support to organizations as they navigate insurance and risk requirements, both before and during public offerings in the GCC. CIC maintains access to specialist covers and markets to assist clients throughout these processes, offering solutions such as:

• Public Offering Security Insurance
• Directors & Officers Liability
• Keyman Insurance”

In the world of real estate, whether you are an owner, developer, manager, or investor, safeguarding your financial assets is paramount. Cooperative Insurance Consultancy Co. Ltd. (CIC) understands this fundamental principle better than anyone else. With a proven track record spanning over two decades, CIC has been dedicated to meeting the unique needs of the real estate market.

Our industry experience and insights continue to be instrumental in crafting comprehensive risk management and insurance programs that are meticulously tailored to the specific requirements of our clients. Whether you require general liability insurance, expert risk management consulting, commercial property insurance, or any other specialized coverage, you have found the right partner.

We are experts in the identification of potential exposures and the implementation of risk mitigation strategies that can significantly impact your financial well-being. Your customized program may encompass a range of risk management tools and insurance solutions, including risk transfer mechanisms, participation in risk purchasing groups, capped deductibles, addressing high hazard catastrophe exposures, self-insured retentions, and innovative captive solutions.

CIC offers a diverse array of property insurance coverage options, catering to various property types, including:

• Development & Construction environments
• Industrial, including warehouse and manufacturing
• Residential
• Offices
• Hotels
• Shopping center

With a rich history spanning over 30 years in Saudi Arabia and the GCC, Cooperative Insurance Consultancy Co. Ltd. (CIC) is strategically positioned at the heart of the energy industry. Our extensive expertise, developed through years of dedicated service, plays a pivotal role in supporting the growth and sustainability of the energy and utilities sectors across the region. We bring a profound understanding of the intricate nuances of these industries, with a focus on electricity facilities, desalination plants, and oil refineries.

Whether your interests lie in upstream or downstream energy operations, renewable or non-renewable energy sources, or span the entire energy lifecycle from exploration to distribution, CIC is your trusted partner. We offer specialized coverage across a spectrum of key areas, including Construction, Operational, Machinery, and Stock protection for:

• On-Shore and Off-shore construction
• Property damage
• Comprehensive General Liability
• Cyber liability
• Political Violence
• Natural Catastrophes
• Business Interruption
• Machinery Breakdown