Corporate
An insurance risk management programme built around your industry, placed and serviced by a dedicated account team.
AP Plus runs an elite division for corporate risk. The team are certified CII specialists with a deep understanding of the products a programme is built from, and part of our scope of service is tailoring each one to your exposure rather than placing it as sold.
A corporate programme is designed rather than assembled: exposures mapped, limits and deductibles set against what the balance sheet can absorb, layers placed with insurers licensed by the Insurance Authority, and the whole thing reviewed each year against how the business has changed.
What a programme is built from
Each line runs to several products. Follow one to see the full list and what each covers.
Property and business interruption
Fire and allied perils, property all risks, machinery breakdown, and the income the balance sheet loses while a site is down.
View all productsEngineering and construction
Contractors all risks, erection all risks, plant and machinery, electronic equipment and inherent defect liability, across a project life.
View all productsLiability
Comprehensive general liability, professional indemnity, environmental, event and medical malpractice, written to the limits your contracts demand.
View all productsMarine and cargo
Cargo through the Kingdom's ports and across the land route, hull, and the covers a shipping operation is asked for.
View all productsPeople
Group health on the Council of Health Insurance benefits, group life, personal accident and credit life, for the workforce you are responsible for.
View all productsSpeciality
Cyber, trade credit, sabotage and terrorism, aviation and energy, placed where the local market has appetite and reinsured where it does not.
View all products
How the Saudi market frames it
A programme here is shaped by the Kingdom's own rules as much as by your exposure. Four of them affect how yours is placed and serviced.
Cooperative insurance, licensed carriers
All insurance in the Kingdom is written on a cooperative basis, and only insurers licensed by the Insurance Authority may carry Saudi risk. We tell you which carrier sits behind each layer of your programme.
Unified wordings on compulsory classes
Motor third-party liability and health cover follow wordings set centrally, so the terms do not differ between insurers. On those classes we benchmark on network, service and price, which is what actually varies.
Documentation in both languages
Policies, endorsements and claims correspondence in Arabic and English, so your legal, finance and HR teams work from the same document.
Claims, and where they go if they stall
We prepare and advocate the claim. Where one cannot be agreed, insurance disputes in the Kingdom are heard by the committees constituted for them, and we assemble the file rather than handing it back to you.
What your account team does
Designs the programme
Limits, deductibles and layer structure set against your appetite for retained risk, not against last year's schedule.
Places it across the market
Terms negotiated with licensed carriers, and reinsurance capacity brought in where local appetite runs out.
Advocates every claim
The file prepared, the loss adjuster managed and the settlement pursued, with your team briefed as it goes rather than consulted at the end.
Reviews it annually
Benchmarked against the market and against how your business has changed over the year, before anything is renewed.
Talk to the corporate division
Send us your current schedule and we will tell you what it does not cover.