Arab War Risks Insurance Syndicate

Your Risk Partner

Arab War Risks Insurance Syndicate

Since 1980, AWRIS has been serving as the leading war risks insurance syndicate in the Arab region, with a primary goal of preserving the interests of national and regional insurance markets, offering a comprehensive range of insurance covers backed up by worldwide A-rated entities.

Vision

To promptly provide member companies with the necessary protection in relation to insurance requirements for war and related risks.

Mission

To play an important role in benchmarking, pricing, and rating regional war risks and other political compensations through the various protections granted to member companies.

We can write up to USD 250m on any one policy

Our insurance coverage includes

Marine Cargo – War

This product is based on standard Institute War & SRCC Clauses (Cargo) with extended cover on physical losses or damages caused by war, civil war, rebellion, revolution and other War related perils.

The product is based on recognized international conditions such as the Institute War and Strike Clauses.

Marine Hull – War

This insurance covers marine war and related perils, including terrorism and piracy, which are normally excluded from a standard Marine Hull and Machinery policy.

The product is based on recognized international conditions such as the Institute War and Strike Clauses.

We can write up to USD 200m on any one vessel of Arab FOM (Flag, Ownership and Management)

We can write up to USD 14M on any one risk.

War on Land (WOLI)

This insurance covers loss of, or damage, caused by war revolution, strike or hostile act, seizure arrest capture or detainment or derelict weapons of war for land transit shipments.

Why join AWRIS?

As a member company you will have access to a range of exclusive benefits such as:

Additional commission and profit commissions

Annual profit distribution and sharing

Annual accumulative solid financial reserve

Niche reinsurance covers for War related and Political risks, supported by first class A-rated reinsurers.

And more

Key Achievements

Since Inception

$265M+ in profit distributed to members

$160M+ in built reserves

$550M+ net premium ceded

189 members

Countries we serve

Bahrain

Solidarity Bahrain
Bahrain Kuwait Insurance Company
Bahrain National Insurance Company

and 4 more

Qatar

Doha insurance Group
Qatar Insurance Company
Qatar General Insurance & Reinsurance Company

and 6 more

Saudi Arabia

Tawuniya
Al Rajhi Co.
Salama Cooperative Insurance Company

and 7 more

UAE

Al Ain Ahlia Insurance Company
Sukoon Insurance
Al Wathba National Insurance Company PSJC

and 15 more

View all member countries

What people say about us

“I have been associated with The Arab War Risks Insurance Syndicate (AWRIS) from inception and have seen how it has grown over the years. AWRIS provides a wide range of products and professional services, and a highly knowledgeable workforce, they have the tools necessary to meet the needs of any customer, not only in the Gulf States but the Arab world as well.”
Sameer AlWazzan - CEO of Bahrain National Holding

“AWRIS is a brave initiative that ignited the light for solidarity and collaborative efforts in the Arab World. Despite all conflict in the region, it continued to shine as a success story of Pan-Arab collaboration in the insurance industry. Year after year, AWRIS continued to support its members with reinsurance coverages, security, and achieving outstanding returns.”
Dr. Ali Adel Al Wazani - CEO of GIG Jordan

“We are proud to be associated with AWRIS. They have established a numero uno position as a niche operator of marine war risks across the MENA zones. We hugely benefitted from the success and achievement from the strength of your balance sheet. Above all, AWRIS and its team always proved reliable and provided solutions to rising demands. As a pillar, it leads ahead in supporting us thereby forming a significant part of the economic development and progress in the region.”
Dr. Abdulla Sultan - CEO of GIG Bahrain