About the Pool

The Saudi Marine Insurance Pool is a national initiative established following the approval of the Council of Ministers and under the supervision of the Insurance Authority. It aims to provide insurance solutions for marine risks and support the sustainability of marine insurance amid heightened risk levels.

Management
Saudi Re leads and manages the Pool, including its operations and the operational coordination primarily with relevant insurance companies.

Objectives

• Support the Kingdom’s competitiveness as a global logistics hub.
• Enhance the resilience of Saudi marine insurance market.
• Ensure the continued availability of insurance coverage during periods of elevated risk.
• Support the sustainability of economic activity and the continuity of Saudi trade connected to global markets​

Coverage
The Pool provides coverage for:

• Cargo transported by sea, land, and air.
• Marine hull.
• Charterers’ liabilities.
• Protection and Indemnity (P&I).

Beneficiaries
The Pool serves:

• Exporters and importers.
• Shipowners and operators.
• Shipping and maritime transportation companies.
• Sectors associated with the Kingdom’s supply chains.

To benefit from the insurance coverage offered by the Saudi Marine Insurance Pool, please contact an authorized insurance company offering the Pool’s insurance products.