2nd March 2017
In One Year: Tawuniya Recognized by 6 Regional and Global Awards and Rankings
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. This recognition reemphasizes Tawuniya’s competence and leadership within the Saudi insurance market for the past 30 years. These achievements come in parallel with the financial results approved by Tawuniya’s Board of Directors which reveal that the company’s total written premiums exceed 8 billion Saudi Riyals making it the highest in the Saudi insurance industry's market share in 2016.
The prestigious awards and rankings Tawuniya has received from regional and global organizations in 2016 include 'The Highest Rated Saudi Insurance Company' by S & P, the number one insurance company as listed in Al Eqtisadiah newspaper's 'Top 100 Saudi, 'The Most Innovative Insurance Company' award by the International Finance Magazine, listed as one of the 'Top 100 Arab Companies' by Forbes Magazine's , the award for 'The Best Insurance Company' for 2016 by Arabian Business magazine as well as the selection of Tawuniya’s CEO among the 'Top 100 CEOs in the Arab World', according to TRENDS magazine.
Majed Al-Bahiti, Tawuniya's GM for Marketing was pleased with this achievement and stated that the excellent performance made by Tawuniya in 2016 reflects the company's continuous efforts toward providing the best products and services to its customers, which meets their needs and aspirations and then boosts their confidence. This comes in line with Tawuniya’s strategy of having our customers at the core of our attention, supported by modern technology and solutions that contribute to facilitating the client's life, as well as our experienced, talented and hardworking employees.
Al-Bahiti added: “Tawuniya carried out many planned activities in 2016 which included various programs and initiatives to improve the environment, support various operating segments, further develop skills and expand the use of technology which led to the launch of the SMART insurance concept. These achievements have also encouraged creativity and innovation to provide efficient services and effective initiatives which has contributed to upgrading our service levels and has helped to gain the trust of our customers at all levels.”