Walaa Cooperative Insurance Co.
Sukumara Prakash currently serves as the Chief Health & Life Insurance Officer at Walaa Cooperative Insurance Co., a leading private insurer in Saudi Arabia's market since April 2024. With over two decades of experience in the insurance and healthcare sectors, Sukumara has held significant roles at the MedNet Group, including Head of Commercial and Head of MedNet from 2017 to 2024. Prior to this, positions such as General Manager and Assistant General Manager at MedNet UAE contributed to a strong foundation in management. Additional experience includes a consultant role at Enter Technologies Pvt. Ltd and a medical officer position at Cosmopolitan Hospitals Pvt. Ltd. Sukumara holds a Master's in Business Administration from Strathclyde Business School and a Bachelor's in Medicine and Surgery from SCB Medical College and Hospital.
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Walaa Cooperative Insurance Co.
We take pride in introducing ourselves as one of the leading insurance and reinsurance companies in the Kingdom of Saudi Arabia, with a fully paid-up capital of SAR 850 million. We have been assigned an A- Insurance Financial Strength Rating (IFSR) by S&P Global Ratings and gcAAA GCC regional scale financial strength credit rating, both with a 'stable' outlook. Moody’s Investors Service rated Walaa with a financial strength rating of A3. Headquartered in Al-Khobar - Eastern province, the oil hub of the Kingdom, we serve our clients all over the Kingdom through three regional offices and more than 70 retail offices.