The Group started its insurance operation in 1964 by acquiring Al Nisr Insurance Co. in Lebanon. In 1980, the Group established the Saudi Arabian Insurance Company BSC (c) and in 2007 became a founding member in the Saudi Arabian Cooperative insurance company in KSA. Today, DAMANA is a prominent insurance group with operations in the GCC & Lebanon offering a wide range of insurance solutions for businesses and individuals. During the past half century, DAMANA Group invested in other insurance and reinsurance companies, an assistance company and a Third Party Administrator. DAMANA’s vision is to be the leading regional insurance organization. Backed by over 240 specialized and dedicated employees. DAMANA is well positioned to offer customers competitive and comprehensive insurance solutions across 7 offices, in 5 countries around the Gulf and Lebanon, through a single operational platform. DAMANA’s success is attributed to its financial stability, the backing of excellent reinsurance securities, plus its commitment to pay claims fairly and promptly. DAMANA has the flexibility and ability to quickly adapt to change and to operate in the most difficult and dynamic conditions whether it is economical, technological or legal that constantly change the risk profiles of businesses. DAMANA’s clients are a mix of individuals, SMEs and large corporations working in various sectors including construction, power, infrastructure, consumer goods, logistics, and banking and finance. DAMANA’s in-house insurance service provider, SAICOHEALTH CARE, provides personalized and prompt medical insurance administration services to customers. DAMANA had received an inaugural Financial rating in 2017 by AM Best.* (*For the latest rating, please check AM Best website) DAMANA, Saudi Arabian Insurance Company B.S.C.(c) is licensed & regulated as locally incorporated insurance firm by the Central Bank of Bahrain.
