WHO WE ARE

Al Afaq. Our name makes it clear that we constantly aim towards brighter horizons, where long-term relationships are built and where clients become partners in success. Our company has been registered since 2013 under license number WST/SH/70/201311 at the Saudi Central Bank (SAMA).
Located in Jeddah, Saudi Arabia, our headquarters are home to our professional and dedicated team who make everything happen. We specialize in providing our clients with comprehensive reinsurance solutions while benefiting from our expertise and professional knowledge in every project we undertake.
We pride ourselves to be very connected to our Saudi roots. Being a 100% Saudi-owned company, we make sure all key positions from CEO, along with every other managerial position, are held by experienced, dynamic and hard-working Saudi professionals who are committed to offer young Saudi men and women the opportunity to build a successful career in the reinsurance brokerage field, through various forms of training, coaching and leveraging of the industry's best practice.

WHAT WE DO

We are a boutique Reinsurance Intermediary with a vast experience in the market, and a portfolio of renowned partners and trusting clients. We work alongside our preferred insurance partners helping them analyze their exposure and transfer part of their risk to the reinsurance market, which allows to stabilize their losses, have protection against catastrophes, free up cash flow, in addition to offering more diverse coverage and increasing their capacity to take on new clients without being burdened by the accumulating risks.

In order for the process to be successful, our flexibility and agility as a company enables us to comfortably negotiate terms and conditions, as well as placement of the risk with the best and most appropriate reinsurer thereto.

WHAT DO WE BELIEVE IN?

Compliance & Ethics

We operate in full compliance with SAMA's laws, rules and regulations. We do what we know is right

Loyalty & Integrity

Actions speak louder than words. We chose our actions based on values

Technology & Innovation

We use the latest technology to serve our partners

Persistence & Perseverance

Results are inevitable

HOW DO WE STAND OUT?

Boutique approach

We are a Boutique firm with a culture centered on customer service and professionalism. While we know that each client has different needs, we deliver individualized tailor made solutions.

Knowledge and connections

those virtues allow us avail capacities from leading and highly rated reinsurers.

Advanced expertise

While we can support our partners in various insurance lines, our strong experience and special focus on Personal Lines allow us to add great value for our partners in this major growth area in the Kingdom. We rely on actuarial expertise to help our partners make better decisions, analyze their portfolios' performance and propose the most adapted products and services.

Technology and Innovation

we can avail advanced tools to securitize, automate and optimize the placement process and make it more transparent.

Quality of service

we train and coach our team to deliver the five dimensions of service: tangibility, reliability, responsiveness, assurance and empathy