United Cooperative Assurance (UCA) a cooperative insurance company listed on Tadawul since May 2008 with a paid up capital of SAR 400 Million. The company started underwriting insurance business on 1st January, 2009.
Since its foundation, UCA has appointed experienced staff with high technical capabilities to fulfill the immediate and future needs of their clients and having constantly anticipated the daily demand of new insurance coverage and making them available.
UCA still repeats the same story of success day after day presenting the same high standards of quality, service and integrity. UCA positions itself as one of the insurance industry leaders in the kingdom.
The core value for UCA’s success is measured upon a considerable number of clients selecting us for their belief in our ability to meet their expectations in terms of Price, Quality Service and Specialized Expertise. We aim for product and service excellence at all times.
Our fundamental values are offering environment with equal opportunities to our employees for further professional and personal growth. We believe in our work force, and we are inspired to work as a team towards the accomplishment of our goals.
Our essential value is conducting our business according to the highest norms of ethical standards, competence and integrity where we remain stable and reliable to perform to the best of our knowledge, skills and abilities amidst the challenges that constantly face us.
Our basic value is commitment which is a vital key to establish relationships with clients that we care for. We pride ourselves in keeping our workforce and clients well informed about relevant information through efficient communication and information systems that exceed the standard services.
Is to create an environment which promotes the development of young Saudi insurance professionals at the core while developing leading edge agile platforms designed around our clients and their needs. We aim to strengthen our partnerships with our regulators, intermediaries and world class reinsurers by embedding sustainable and transparent business practices.
To create the kingdoms most innovative, professional and sustainable domestic insurer.
is the multidimensional relationship between the company’s shareholders, stakeholders, Board of Directors and top management. It is a corporate practice majorly driven by principles of transparency and integrity with the ultimate goal to protect Shareholders interest, guarantee efficiency of corporate regulatory compliance and safeguard against possible corporate abuse. Good corporate governance practices are not restricted to adopting the relative regulations and implementing internal policies, it also considerably depends on the goodwill and reliability of the company’s management. Corporate governance principles influence how the objectives of the company are set and achieved, how risk is monitored and assessed, and how performance is optimized.
Our corporate governance structure represents our integrity and values, and encourages innovation, development and exploration. United Cooperative Assurance employs the best-known governance principles on all aspects of the company’s activities, both internally and externally.
This section aims at introducing the governance policies adopted in the Company and offers all parties having interest in the Company a real & fair insider vision on the best governance practices by the Company management. Potential beneficiaries include all those who have interests in the Company including shareholders, clients and staff.
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