Our Competitive advantages

2017 Financial Results

  • The leading insurance company in Saudi Arabia with a market share of 23%.
  • The highest gross written premiums in the market of SR 8.4 billion.
  • The largest total assets in the insurance market exceeded SR 13.4 billion.
  • The highest paid-up capital of SR 1,250 million.
  • The biggest shareholders’ equity amounted to SR 2,213 million.
  • The highest total investment in the insurance market of SR 6 billion.
  • The highest investment income in the market amounted to SR 448 million.
  • The highest gross claims paid to clients amounted to SR 6.7 billion.

Competitive advantages

  • Having the highest insurance professional experience in Saudi Arabia that extends for 32 years.
  • Assigned (A-) rating and stable outlook by Standard & Poor's for the 12 consecutive years which is the best credit rating in the Saudi insurance market.
  • The biggest list of diversified insurance portfolio constitutes more than 60 classes of medical, motor, and property & casualty insurances.
  • The wide geographical presence in the Saudi insurance market through the largest sales network of 115 offices.
  • The best claim service centers and offices settling several millions of claims annually.
  • The highest Saudization rate in Saudi insurance market reached 80% of all workforce and 95% of leading positions.
  • The best quality services available 24 hours a day via the smart IVR Call Center that receives about 2 million calls per year.
  • Fastest and most comprehensive e-services through the website and the smartphones application.
  • The first online insurance store in Saudi Arabia.
  • The largest value added serves and special offer packages provided to different customer segments.
  • An advanced electronic environment managed by experts in various insurance classes to put customers at the center of attention.
  • The largest network of medical services providers consists of 1,500 providers in Saudi Arabia and more than 4000 providers worldwide.
  • A huge customer base that includes major companies and Saudi government bodies.
  • A strong and long-term relationship with the biggest international reinsurers.
  • The full compliance with governance regulations and implementing rules issued by control bodies.
  • The full compliance of insurance operations and investment portfolios with the Sharaia rules.
  • Tawuniya is distinguished with its sophisticated electronic work environment and employing well trained human resources.
  • It has strategic alliances with local and international partners and high class reinsurers.
  • An instant electronic link with medical service providers to achieve the fastest time for issuing approvals and settling claims.

The awards and best ranking

  • The best credit rating in Saudi insurance market for thirteen consecutive years, (A-) and stable outlook, by Standard & Poor's.
  • The best Islamic insurance company in 2018 by World Finance.
  • The Best Cooperative insurance Company in GCC in 2018 by Global Brand Magazine.
  • The most famous brand in Saudi Arabia by Al-Watan Newspaper.
  • The leading insurance company in the Top 100 Saudi Companies List by Al-Eqtisadiah Newspaper.
  • The best corporate insurance solutions provider – KSA IFC.CO.
  • Ranked first in the insurance and reinsurance companies listed in the Middle East region issued by "Al-Bayan" magazine.
  • Ranked among the top 100 companies in the Arab World as per Forbes Middle East magazine.
  • Ranked among the top 20 strongest brands within the Kingdom of Saudi Arabia as per the list issued by (Brandz).
  • Ranked among the best CEOs in the GCC as per the list issued by (Trends) magazine.
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