CEO Talk
Dear valued stakeholders,
I am delighted to share with you the impressive growth and accomplishments witnessed in the Saudi market across both the private and public sectors. Gulf Coverage Insurance Brokers has played a significant role in this journey, guided by our unwavering commitment to prioritize people and build enduring partnerships across various industries. Since our establishment in 2011, we have diligently cultivated strong alliances with esteemed insurance companies and clients, establishing a solid reputation.
Our success can be attributed to the strong and well-established collaborations we have fostered with all stakeholders. Even in the face of challenging times, we have continued to make remarkable progress, meeting the evolving demands of the market. A testament to this commitment is the recent inauguration of our new offices in Riyadh, where we have assembled a team of highly skilled professionals who are dedicated to providing unparalleled service.
At Gulf Coverage Insurance Brokers, our advisory services are grounded in a comprehensive evaluation and support process. We have expert specialists assigned to each insurance line, ensuring that our clients receive tailor-made policies that address their unique intricacies. Our approach involves active management involvement, allowing us to navigate both standard and complex situations with agility, efficiency, and exceptional outcomes.
A cornerstone of our business is the personalized service we offer. Our team goes above and beyond to foster exceptional customer relationships, providing round-the-clock accessibility, frequent follow-ups, and enduring connections that evolve over time. We recognize that peace of mind and a human touch are paramount when our clients need it the most.
Our history fills us with immense pride, and we consider being market leaders as a testament to the trust we have earned and the seamless integration we achieve with our stakeholders.
As we look ahead, we extend our warmest wishes for your continued success. Thank you for your unwavering support and trust in Gulf Coverage Insurance Brokers.
Sincerely,
Mr. Faris Alsaady
Founder, Chairman, CEO
GC Overview
Based in Jeddah, Gulf Coverage was established in 2011 by Mr. Faris Esmat Al Saady and a group of forward-thinking entrepreneurs. The company aimed to cultivate enduring and efficient relationships across various industries.
Gulf Coverage currently manages a portfolio totaling 180 million SAR in Saudi Arabia, with 100 million SAR allocated to medical insurance and 80 million SAR dedicated to general and motor insurance.
As a primary broker under the supervision and regulation of the Saudi Arabian Monetary Authority (SAMA), Gulf Coverage operates as a multifaceted consultant and risk advisor. The company provides highly personalized services tailored to individual needs, operating under license number 341000065750.
Today, Gulf Coverage is recognized as one of the leading local brokers in the market, offering comprehensive coverage for a wide range of risks with a commitment to excellence.
GC Values
“At GC, we believe that fostering sustainable relationships built on mutual trust, combined with hard work, enables us to act swiftly and effectively in both standard and unique situations.”.
Mission
Our mission is to provide high-quality insurance products and services to the Saudi market in a professional and customized manner, while maintaining competitive rates.
Vision
Since its inception, Gulf Coverage has strived to establish strong bonds of trust, bringing order to insurance brokerage practices, maximizing local insurance talent, and becoming a Saudi leading regional reference.
Values
For over a decade, Gulf Coverage has been recognized for its resourcefulness, reliability, and commitment to continuity.
Strategy
Our strategy involves creating synergies with key market players, maximizing our corporate culture, refining our advisory process, and optimizing our available resources.
