Saudi Arabia
Wafa Insurance is a joint stock company established in the Kingdom of Saudi Arabia in 2007. Founded by The New India Assurance Co. Ltd, Life Insurance Corporation of India, and LIC International (Bahrain), the company aims to be a pioneer in the Saudi Arabian insurance industry. Its vision is to improve its position in the Saudi insurance market, with a focus on growth in non-life and life insurance while delivering high-quality service to attract and retain profitable customers.
The company prides itself on its experienced management and wide geographical network, with offices in Riyadh, Jeddah, and AlKhobar and plans to expand to more cities. Furthermore, Wafa Insurance emphasizes its commitment to meeting customer expectations through quality insurance care and protection at the best price, as well as efficient claims handling and technological advancements to serve as a robust risk management consultant.
With its strong foothold in the financial services, healthcare, and insurance industries, Wafa Insurance presents an opportunity for investment in the thriving Saudi Arabian market for venture capital firms seeking exposure to the region's burgeoning insurance sector.
