Wataniya Insurance
Wataniya Insurance is a publicly listed Saudi Arabia-based insurance company founded in 1975, providing motor, property, marine cargo, engineering, employee benefits, and general accident insurance products to customers in the Kingdom of Saudi Arabia.
- Company typePublic
- Founded1975
- HeadquartersJeddah, Saudi Arabia
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
Wataniya Insurance firmographics
Firmographics- Name
- Wataniya Insurance
- Website
- https://wataniya.com.sa
- Company type
- Public
- Founded year
- 1975
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Wataniya Insurance is a publicly listed Saudi Arabia-based insurance company founded in 1975, providing motor, property, marine cargo, engineering, employee benefits, and general accident insurance products to customers in the Kingdom of Saudi Arabia.
- Ownership category
- akta.pro rank
Wataniya Insurance industry classification
Industry- Product category
- General Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers (5241)
- SIC
- Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321), Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Travel & Accident (Non-Life) Insurance (FSAJAMAN)
- akta.pro secondary industry
- General Liability Insurance (FSAJAMAE)
Keywords
Where Wataniya Insurance is headquartered
LocationHeadquarters
- HQ city
- Jeddah
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Markets served
Wataniya Insurance business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Premiums: Wataniya Insurance generates revenue through collecting insurance premiums from policyholders, as a Saudi-based insurance company operating in the Kingdom of Saudi Arabia.
Wataniya Insurance product offering
Product offeringCore offering
Wataniya Insurance is a Saudi Arabia-based insurance provider offering a diversified portfolio of general insurance products. Its core lines include motor, general accidents, engineering, marine cargo, property, and employee benefits insurance, sold to individual and corporate customers in the Middle East.
Differentiator
Problem solved
Functional benefit
Products and services
- Motor Insurance
Companies that use Wataniya Insurance
Customer profileIdeal customer profiles2 records
Wataniya Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Wataniya Insurance partnerships and signals
Strategic signalScale indicators1 record
Recent moves3 records
Expansion highlights3 records
Wataniya Insurance competitors and assessment
Company assessmentDirect peers
- Bupa Arabia for Cooperative Insurance: Bupa Arabia is a leading Saudi cooperative insurer focused on health and medical coverage. It is a direct peer of Wataniya in the Saudi market, particularly relevant for the employee-benefits and health-accident lines Wataniya underwrites.
- Allied Cooperative Insurance (Allianz Saudi): Allied Cooperative Insurance is a Saudi insurer affiliated with Allianz, offering P&C and personal lines. It competes head-to-head with Wataniya across Saudi personal and commercial insurance.
- Salama Cooperative Insurance: Salama is a Saudi cooperative insurer offering P&C and life lines. It competes with Wataniya for the same Saudi broker channels and policyholders across personal and commercial insurance products.
- Walaa Cooperative Insurance: Walaa is a Saudi-listed cooperative insurer providing motor, property, marine, engineering, and general insurance. It is a directly comparable mid-size multi-line Saudi carrier to Wataniya.
- Gulf General Cooperative Insurance: Gulf General is a Saudi cooperative insurer offering motor, property, marine, and engineering coverage. It directly overlaps with Wataniya's product mix in the same Saudi regulatory and competitive environment.
- The Company for Cooperative Insurance (Tawuniya): Tawuniya is the largest cooperative insurance company in Saudi Arabia, offering multi-line P&C and health coverage. It is the most direct and largest comparable to Wataniya across product breadth, geography, and Saudi regulatory structure.
- Al Etihad Cooperative Insurance: Al Etihad is a Saudi-listed cooperative insurer offering P&C, motor, and health lines. It directly competes with Wataniya across Saudi personal and commercial lines under the same cooperative-insurance regulatory framework.
- Al Sagr National Insurance Company: Al Sagr is a Saudi insurance carrier operating in P&C and general insurance lines. It is a direct peer of Wataniya in the multi-line Saudi insurance market.
- AXA Cooperative Insurance (KSA): AXA's Saudi cooperative entity offers motor, property, health, and general insurance in the Kingdom. It is a directly comparable multi-line Saudi peer with strong international backing, competing with Wataniya for similar customer segments.
Regional players
- Qatar Insurance Company: QIC is the largest insurer in Qatar and a leading GCC-wide multi-line carrier with P&C and specialty lines. It is relevant to Wataniya as a regional GCC peer in similar multi-line P&C categories, though it does not directly compete in Saudi Arabia.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Wataniya Insurance social profiles
Digital presenceWataniya Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wataniya Insurance leadership team
Management profileNumber of profiles
Wataniya Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wataniya Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wataniya Insurance
What does Wataniya Insurance do?
Wataniya Insurance is a Saudi Arabia-based insurance provider offering a diversified portfolio of general insurance products. Its core lines include motor, general accidents, engineering, marine cargo, property, and employee benefits insurance, sold to individual and corporate customers in the Middle East.
Is Wataniya Insurance a public or private company?
Wataniya Insurance is a public company. It is classified as public and is currently operating.
When was Wataniya Insurance founded?
Wataniya Insurance was founded in 1975. It employs 251 to 500 people.
Where is Wataniya Insurance based?
Wataniya Insurance is headquartered in Jeddah, Saudi Arabia, in the Middle East region.
How does Wataniya Insurance make money?
One revenue line is on record: insurance Premiums.
Who are Wataniya Insurance's main competitors?
Direct peers on record are Bupa Arabia for Cooperative Insurance, Allied Cooperative Insurance (Allianz Saudi), Salama Cooperative Insurance, Walaa Cooperative Insurance, Gulf General Cooperative Insurance, The Company for Cooperative Insurance (Tawuniya), Al Etihad Cooperative Insurance, Al Sagr National Insurance Company and AXA Cooperative Insurance (KSA). Qatar Insurance Company is listed as a regional player.
Does Wataniya Insurance have an API?
No public API is recorded for Wataniya Insurance.
What industry is Wataniya Insurance in?
Wataniya Insurance's product category is General Insurance. Its primary akta.pro industry code is FSAJAMAN, Travel & Accident (Non-Life) Insurance, with a secondary code of FSAJAMAE, General Liability Insurance. Its NAICS code is 524126 and its SIC code is 6331.