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Founded in 1999, Trust Insurance Brokers (TIB) is an independent insurance broker and one of the first in Saudi Arabia to have received SAMA (Saudi Arabian Monetary Agency) licensing under the new cooperative insurance laws and regulations of 2008.

Currently TIB manages a large reputable client base across various industries with a substantial collective insurance portfolio. TIB conducts business with all the leading insurance companies in Saudi Arabia, and operates through offices in both Jeddah and Riyadh. Our goal is to expand our presence throughout the kingdom with plans currently underway to open additional offices in cities overseeing economic momentum.

TIB employs 35 professionally qualified insurance personnel who provide our clients with the required expertise and knowledge to support them in making informed decisions on comprehensive insurance solutions that best meet their organizational needs.

At Trust Insurance Brokers, we strive to deliver the highest levels of customer service and product excellence. We pride ourselves on having a solid track record in delivering value to our clients throughout Saudi Arabia. Not only do we save our clients money, but we also help them in making better and faster decisions about their insurance requirements due to our in-depth product knowledge, customized insurance programs, strong affiliations with all leading insurance companies within KSA, and experience in negotiating with the local insurance community.

History

Trust Insurance Brokers was founded in 1999 as an independent insurance broker and was one of the first in Saudi Arabia to have received SAMA licensing under the new cooperative insurance laws and regulations of 2008. TIB headquarters is based in Jeddah and also operates through a branch office in Riyadh.

The founder of TIB, Mr. Tamer Asaad boasts 16 years of experience within the Saudi Insurance Industry. After completing his Master’s degree in Healthcare administration from the prestigious Sol Price School of Public Policy at the University of Southern California and gaining valuable experience at Harbor UCLA Medical Center in Los Angeles, Tamer Asaad returned to Saudi Arabia with the ambition of contributing to the insurance and healthcare industry in the kingdom. He began his career by managing insurance business development at local hospitals, and quickly realized the rapid growth of Saudi insurance market within the health sector. Executives and decision makers at companies across the market did not have the necessary resources to invest in handling medical insurance matters and were seeking expertise of others to assist them with their insurance needs. As a result, he established Trust Insurance Consulting, a private establishment specialized in providing insurance advisory services in 1999. When Trust Insurance Consulting began, it was one of the first insurance advisory companies in Saudi Arabia, and assisted many corporations to introduce health insurance programs to their staff for the first time. With the success of the business, along with the fast paced growth within the Saudi insurance sector, the company soon began expanding operations into various insurance lines beyond health segment, and attracted customers across many different industries. Today, Trust Insurance Brokers proudly employs 35 insurance personnel who are dedicated to achieving the highest levels of customer service by offering a wide variety of insurance products to corporate clients.

Since its establishment, there have been numerous milestones that have been achieved by TIB over the years. For instance, the following has been achieved over a 5 years span between the year 2009 and 2013:

• Our corporate client base grew by 26%.
• Our company portfolio increased by 44%.
• Number of written policies grew by 42%.

 
 


 
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