The Company for Cooperative Insurance (Tawuniya) is a Saudi joint stock Company incorporated on January 18, 1986 under Commercial Registration No. 1010061695. Tawuniya is the first national insurance company licensed in the Kingdom of Saudi Arabia to practice all types of insurance business in accordance with the cooperative insurance principle that is accepted by Islamic Sharyia. The authorized, issued and paid up capital of the Company is SR 1250 million.
Tawuniya has obtained the license number ت م ن / 1/122004 from the Saudi Arabian Monetary Authority, as the first license in the insurance sector under the Cooperative Insurance Companies Control Law. The company is also regulated and supervised by SAMA.
Tawuniya provides its customers with more than 60 types of insurance including medical, motor, fire, property, engineering, casualty, marine, aviation, Takaful, liability insurance and many other types of insurance,.
Since its establishment, Tawuniya has played a pioneering role in the insurance sector. Through its 33 years of experience, the company has been able to enhance its competitive advantages and quality of services to become the first choice for insurance customers in Saudi Arabia.
A new strategy for a new era
In order to lead changes in the Saudi insurance market and to keep pace with the development of the business sectors in line with the Saudi vision 2030, Tawuniya has developed its strategy to maintain its strong position and exploit the promising opportunities offered in the market.
The new strategy will also enable the Saudi society to progress safely towards the future by creating insurance solutions to protect all customer segments including individuals, small and medium enterprises and corporate & key accounts.
The strategy takes into account Tawuniya’s capabilities and the human capital it possesses, through which it has managed to remain at the forefront of the Saudi insurance market for more than 30 years.
Tawuniya has set its vision and mission to keep pace with the aspirations in the coming period based on strategic pillars that increase the customer centricity and to innovate all the insurance products and services that protect the customer career and achieve his goals.
“Sustain momentum for our society’s safety and continuous progress towards the future”.
“Be the companion that presents innovative and customer centric insurance solutions, so our customers feel secure, empowered and ready for the future”.
The projects were undertaken in line with this strategy, allow us to grow, achieve our objectives, enhance the Tawuniya competitive position and move the company to a new era of its pioneering journey.