Eltizam Insurance
Digital insurance comparison and instant e-policy issuance for Saudi Arabia
Overview
Eltizam is a digital insurance comparison and brokerage platform serving individual consumers in Saudi Arabia.
The platform lets users compare quotes from multiple licensed Saudi insurance carriers and complete a purchase entirely online, with the company advertising e-policy issuance in under three minutes. Car insurance, both third-party and comprehensive coverage, is the primary product, supplemented by travel and health insurance. Native iOS and Android apps extend the comparison and purchase flow to mobile, and a loyalty program offers discounts to returning customers.
Eltizam is licensed and regulated by the Saudi Insurance Authority and integrates with national identity and vehicle-registration systems to support its online quoting flow. In May 2026, Al Moammar Information Systems Co. (MIS), a Tadawul-listed IT company, acquired a 15% strategic stake in Eltizam for SAR 19.5 million, following a 2021 seed round raised through the Scopeer crowdfunding platform. The company also runs Eltizam Al-Khair, a program that donates a portion of every premium collected to Saudi charitable associations.
Products & Services
Auto Insurance Comparison
Key Features
- Compares third-party and comprehensive car insurance quotes across multiple licensed Saudi carriers
- Online quote-to-bind flow with e-policy issuance advertised in under three minutes
- Intake covers national ID/Iqama number, vehicle serial number, ownership transfer, and customs card details
Health & Travel Insurance
Key Features
- Secondary insurance lines offered alongside the core auto product
Loyalty Program
Key Features
- Discounts and promotional offers for returning customers
Eltizam Al-Khair
Key Features
- Donates a portion of each policy premium to Saudi charitable associations as a cooperative-insurance social-responsibility feature
At a Glance
- Founded
- 2021
- Headquarters
- Riyadh, Saudi Arabia
- Employees
- 11-50
Category & Focus
- Category
- Distribution & Sales
- Insurance Verticals
- P&C Personal
- Target Customers
- Consumers
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Last updated: 2026-08-09