Al Ittihad Insurance offers a fully digital platform that lets individuals and businesses in Saudi Arabia purchase and receive insurance policies within minutes.
Funding
Funding not disclosed
Founders
Product
Problem
Obtaining insurance coverage in Saudi Arabia often involves lengthy paperwork, multiple visits to agents, and delayed policy issuance, which can leave individuals and businesses exposed to risks while they wait for approval.
Solution
Al Ittihad Insurance provides a fully digital platform that enables customers to select, purchase, and receive insurance policies within minutes. The service covers a broad portfolio—including auto, health, travel, professional liability, property, engineering, marine, and wage protection for migrant workers—allowing users to choose the coverage that matches their specific needs. An integrated mobile app lets policyholders manage their contracts, submit claims, and access documents instantly, ensuring continuous and reliable protection without the traditional administrative delays. Partnerships with regulatory bodies, such as the Ministry of Human Resources and Social Development, support specialized products like wage protection for foreign workers in the private sector.
Target Audience
Primary customers are individual policyholders, corporate clients seeking commercial insurance solutions, and private-sector employers who need wage protection coverage for migrant workers in Saudi Arabia.
Features
- End-to-end online policy issuance with real-time approval, delivering coverage in under one minute
- Wide range of insurance products for individuals, corporations, and migrant workers, including auto, health, travel, professional liability, property, engineering, marine, and wage protection
- Mobile application for policy management, digital document storage, claim filing, and status tracking
- Automated underwriting and risk assessment powered by proprietary algorithms to streamline approval processes
- Integration with government systems for compliance and specialized products such as migrant worker wage protection
- Multi-language support and customizable coverage options to meet diverse customer requirements