Walaa Cooperative Insurance Company provides cooperative insurance, and reinsurance in the motor, general, health, and protection & savings lines of business, and related investment activities in the Kingdom of Saudi Arabia. The company offers motor insurance, travel insurance, medical malpractice insurance such as bodily injury, medical expenses and property damage, as well as defending lawsuits related to such claims according to the terms and conditions in the insurance policy; and home insurance, shops insurance, SME medical insurance, domestic worker health insurance, saving & protection include wealth management services such as saving, education, and retirement plans. Its business insurance includes motor insurance, medical insurance, shops insurance, protection & savings insurance, property insurance, engineering insurance, marine and aviation insurance like cargo, aviation liability, hull insurance, and aviation hull; and accident and liability, and specialized insurance such as security and privacy protection, energy-downstream, and plastic card insurance; as well as fidelity guarantee, and trade credit. The company was formerly known as Saudi United Cooperative Insurance Company and changed its name to Walaa Cooperative Insurance Company in May 2017. The company was incorporated in 2007 and is headquartered in Al Khobar, the Kingdom of Saudi Arabia.