Latest News

• 25th October 2015

  The Company for Cooperative Insurance (Tawuniya) organized at its head office in Riyadh an event entitled "Prevention is at early detection" to raise the awareness of breast cancer awareness.

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• 8th November 2015

  An important Milestone has been set in the field of risk management for Saudi Arabia. A Memorandum of Understanding was signed today between small & medium enterprises loan guarantee program “Kafalah” and Tawuniya Insurance Company which will provide strong support to the SME sector and the county’s economy.

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• 1st December 2015

  The Company for Cooperative Insurance (Tawuniya) participated in the annual MENA & Frontier Markets Conference, which was held in Riyadh last week and was sponsored by the American Merrill Lynch Bank. The main objective of Tawuniya participation in the conference is to improve the levels of transparency for investors in the Kingdom of Saudi Arabia and the MENA region.

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• 3rd September 2015

  The Company for Cooperative Insurance “Tawuniya” has been assigned an “A” rating and “Stable” outlook by Standard and Poor's (S&P), which is considered the best global credit rating among Saudi insurance companies in 2015. S&P expects the stable outlook reflecting its view that Tawuniya's market position will remain strong and differentiating factor relative to local peers.

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• 30th June 2015

  Tawuniya’s senior management directors have participated in the Advanced Management Program, organized by the INSEAD Business School, which is one of the most prestigious business institutions in the world, in conjunction with Tawuniya’s Talent Development Centre.

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• 16th May 2016

  Tawuniya Insurance has announced a promotional campaign that offers a 10% discount for customers who purchase annual travel insurance policies. The campaign that is coinciding with the summer holidays will be available for a two-week period starting from 22 May 2016.

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• 25th May 2016

  Mr. Raeed Al-Tamimi, Tawuniya CEO and Chairman of the General Committee for insurance companies, said that that the Career Day organized by the Executive Committee of Insurance Companies in collaboration with the Institute of Finance in the period 24 - 25 Shaaban 1437 H, corresponding to May 31 to June 1, 2016 at Movenpick Hotel in Riyadh,

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• 31st May 2016

  Mr. Raeed Al-Tamimi, Chairman of the General Committee for Insurance Companies and CEO of the Company for Cooperative Insurance (Tawuniya), has confirmed that during the last 5 years, the number of Saudi nationals working in the Kingdom’s insurance sector has increased by 44%, from 3,962 workers in 2011 to 5,706 workers in 2015. Nationalization within the insurance sector has increased from 53% in 2011 to 59% of the current 9682 workforce in 2015.

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• 4th June 2016

  Working Hours During Ramadan 1437H (2016G)

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• 16th June 2016

  Tawuniya, the kingdom’s pioneer insurance company, has announced a special offer to celebrate the holy month of Ramadan. As part of this offer, private vehicle owners can purchase Tawuniya’s Al-Shamel motor insurance or SANAD motor vehicle third party liability insurance at a special 10% discount on the insurance premium.

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• 4th July 2016

  Working hours during Eid Al-Fiter holiday 1437H (2016G)

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• 17th July 2016

  An insurance expert expects further growth rate for the health insurance sector in Saudi Arabia after the full application of the single health insurance policy for the employer as per the resolution of the Council of Cooperative Health Insurance (CCHI) that came into effect on July 10th this year.

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• 6th September 2016

  Working hours during Eid Al-Adha holiday 1437H (2016G)

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• 24th October 2016

  The Company for Cooperative Insurance (Tawuniya), the pioneer insurance company in Saudi Arabia, has succeeded in winning the medical insurance contracts of ICT companies working in Saudi

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• 10th November 2016

  Arabian Business Magazine, a weekly publication focusing on the business community, has bestowed honor The Company for Cooperative Insurance “Tawuniya”,

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• 1st January 2017

  True to its leading role in spreading insurance awareness, Tawuniya Insurance Company organized a training session entitled "Insurance Fundamentals for the media", that highlighted the relation between risk and insurance, insurance principles, insurance products and the pricing process, in addition to an overview of the insurance sector in Saudi Arabia.

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• 2nd March 2017

  The Company for Cooperative Insurance “Tawuniya” has made a unique achievement of being recognized 6 times in 2016 through various regional and global awards and rankings.

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• 23rd May 2017

  The Company for Cooperative Insurance (Tawuniya) concluded its employees' Blood Donation Campaign in cooperation with King Faisal Specialist Hospital and Research Centre. This Campaign took place during the period between 16 and 18 May at the Company’s Head Office in Riyadh.

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• 25th May 2017

  Working Hours During Ramadan 1438H (2017G)

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• 5th June 2017

  Tawuniya Insurance Company launched “360° Integrated Insurance Program for Small and Medium Enterprises (SME)”.

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• 21st June 2017

  Working hours during Eid Al-Fiter holiday 1438H (2017G)

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• 6th August 2017

  The Company for Cooperative Insurance (Tawuniya) has been awarded as the best corporate insurance solutions provider in Saudi Arabia in 2017, according to Capital Finance International (CFI.co) Magazine’s declaration. The CFI judging panel confirmed that Tawuniya has been distinguished by its efforts in developing its products and offering innovative insurance solutions that suit different business sectors.

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• 27th August 2017

  Working hours during Eid Al-Adha holiday 1438H (2017G)

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• 25th October 2017

  Standard & Poor's (S & P), the world's leading financial and credit rating agency, has affirmed its outstanding rating for the Company for Cooperative Insurance “Tawuniya” in 2017, granting it an "A-" rating with a "stable" outlook, the highest rating among insurance companies operating in Saudi Arabia.

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• 27th December 2017

  The Company for Cooperative Insurance “Tawuniya” has been ranked as one of the top 100 companies in the Arab world for the year 2017. The ranking, issued by Forbes Middle East magazine, is based on an analysis of the largest 1,300 publicly traded companies in Saudi Arabia, Qatar, Oman, Jordan, Egypt, Kuwait, Bahrain, UAE, Lebanon, Morocco and Tunisia.

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• 14th January 2018

  The Company for Cooperative Insurance “Tawuniya” organized a celebration for the elderly in appreciation of the lifetime spent supporting their families and serving the Kingdom. The event was held in Riyadh at the Social Welfare House of the Ministry of Social Affairs.

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• 26th February 2018

  The Company for Cooperative Insurance “Tawuniya” concluded its training program for the emerging leaders of the company.

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• 15th May 2018

  Working Hours During Ramadan 1439H (2018G)

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• 12th June 2018

  Working hours during Eid Al-Fiter holiday 1438H (2017G)

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• 16th August 2018

  Working hours during Eid Al-Adha holiday 1438H (2017G)

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• 24th April 2019

  The Company for Cooperative Insurance (Tawuniya) has signed an agreement, which is the first of its kind in the Saudi insurance market with Vitality Group, the global leader in integrating wellness benefits with insurance products. Part of Discovery Group, Vitality operates its Shared-Value Insurance model in 19 countries. Through this agreement, Tawuniya will lead the way in the Middle East and North Africa by developing its first Shared-Value Insurance product.

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• 5th May 2019

  Working Hours During Ramadan 1440H (2019G)

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• 30th May 2019

  Working hours during Eid Al-Fiter holiday in 2019 (1440)

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• 25th June 2019

  The Company for Cooperative Insurance Tawuniya has been awarded as the “Best Insurance Company Offering Electronic Services” in Saudi Arabia for the year 2019, presented annually by Global Banking and Finance Review. The award was granted to Tawuniya after it met the criteria, set by the committee with standards including the quality of electronic services, the development of its communication and technical systems and the enhanced customer experience.

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• 8th August 2019

  Working hours during Eid Al-Adha holiday 1440H (2019G)

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• 8th October 2019

  The Company for Cooperative Insurance (Tawuniya) has been awarded as “Best Takaful Company for 2019” by Global Islamic Finance Awards (GIFA), which is specialized in classifying Islamic finance and insurance establishments. Tawuniya won this award as result of its implementing cooperative insurance concept since its foundation in 1986, its success in introducing Takaful insurance products and its investments are complying with “Shariah Rules”, its commitments to Islamic standards in accounting field and its role in enhancing the innovation concept, governance and social responsibility.

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• 23rd October 2019

  The Company for Cooperative Insurance (Tawuniya) has been awarded ‘Most Innovative Insurance Product 2019’ by World Finance Magazine in recognition of its success in creating innovative insurance products that meet the customers’ needs and aspirations. Tawuniya had launched a range of innovative insurance products, including cyber risk insurance, the international travel insurance (for GCC Countries), aquaculture insurance, professional indemnity insurance and Takaful life insurance. In the past year, Tawuniya had also launched 360° integrated insurance Program for Small and Medium Enterprises (SMEs), and Sanad plus, which is the first insurance program that combines benefits of third-party liability and comprehensive insurance.

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