Claims Mitigation
Our goal at TIB is to ensure the swift handling of claims and to apply all means necessary to guarantee best possible results for our clients. Here are some examples of claims in excess of SAR 100K which have been handled by TIB on behalf of clients:
Industry |
Claim type |
Claim amount |
Year |
| Beverage manufacturing |
Property/Fire |
SR. 131,000 |
2008 |
| Food manufacturing |
Marine |
SR. 170,000 |
2010 |
| Commercial center |
Property/Fire |
SR. 383,000 |
2010 |
| Telecommunication |
Fidelity |
SR. 101,000 |
2010 |
| Commercial center |
Property/Fire |
SR. 1,070,000 |
2010 |
| Beverage manufacturing |
Property/Fire |
SR. 2,339,000 |
2011 |
| Restaurant chains |
Marine |
SR. 231,000 |
2011 |
| Construction |
C.A.R |
SR. 380,000 |
2011 |
| Commercial center |
Machinery Breakdown |
SR. 250,000 |
2011 |
| Electronics |
Marine |
SR. 110,000 |
2011 |
| Medical Equipment |
Marine |
SR. 191,000 |
2011 |
| Poultry |
Marine |
SR. 220,000 |
2012 |
| Medical supplies |
Property/Fire |
SR. 1,098,000 |
2012 |
| Woodworks |
Property/Fire |
SR. 118,000 |
2012 |
| Pharmaceuticals |
Property/Fire |
SR. 19,000,000 |
2012 |
| Ink manufacturing |
Marine |
SR. 205,000 |
2012 |
| Various industries |
Medical (corporate) |
Handled over 2,500 claims |
2013 |
| Various industries |
Motor (comprehensive cover) |
Handled over 350 claims |
2013 |
| Traffic monitoring |
Electronic Equipment |
SR. 380,000 |
2014 |
| Commercial Center |
Machinery Breakdown |
SR. 550,000 |
2014 |
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