Al Sagr Cooperative Insurance Co 2023 AR2
The report highlights Al Sagr Cooperative Insurance Company's financial and operational performance for the fiscal year 2023. The company successfully returned to profitability, recording a net profit before zakat of SAR 49.5 million compared to a net loss of SAR 48.9 million in 2022. Key operational achievements included expanding digital broker agreements, launching a WhatsApp customer service chatbot, and advancing process automation in claims registration. The report also details the company's corporate governance compliance, board and committee structures, and risk management frameworks.
Company: Al Sagr Cooperative Insurance Co
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2023
Type: AR2
Pages: 49
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Al Sagr Cooperative Insurance Co
Board Of Directors Report
The report highlights Al Sagr Cooperative Insurance Company's financial and operational performance for the fiscal year 2023. The company successfully returned to profitability, recording a net profit before zakat of SAR 49.5 million compared to a net loss of SAR 48.9 million in 2022. Key operational achievements included expanding digital broker agreements, launching a WhatsApp customer service chatbot, and advancing process automation in claims registration. The report also details the company's corporate governance compliance, board and committee structures, and risk management frameworks.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available