Daraa is a registered trademark of the Arabian Shield Cooperative Insurance Company and is regulated by the Saudi Arabian Monetary Agency (Sama) and the Cooperative Health Insurance Council (CCHI).
It offers various insurance products such as medical insurance, car insurance, property, engineering and marine insurance, liability and accident insurance and protection and savings insurance for companies and individuals.
The Arabian Shield Company started its activity in 1998 when the company entered the Saudi market as a Bahraini insurance company operating through a local agent.
The procedures for establishing a Saudi cooperative insurance company were started after the issuance of regulations for licensing and regulating the insurance sector in the Kingdom of Saudi Arabia.
The Arabian Shield Cooperative Insurance Company was established in May 2007 as a Saudi joint stock company and was granted a license by the Saudi Arabian Monetary Agency (Sama) in September 2007 to practice general and medical insurance business in the Kingdom of Saudi Arabia. The previously written works were transferred by the Bahraini company to the Arabian Shield Cooperative Insurance Company, which started operations on January 1, 2009.
The company's philosophy is to provide protection and peace of mind to the customer by providing superior insurance coverage backed by a robust reinsurance program and quick claims procedures in the presence of outstanding customer service. Arab Shield Company seeks to develop business plans that are commensurate with the size of the Saudi insurance market. All of these plans are based on the level of service provided to clients and the search for new products that meet their needs and rise to their aspirations.