The Company for Cooperative Insurance (Tawuniya) Overview
Pro stress-test →Tawuniya Cooperative Insurance is Saudi Arabia's largest insurer by market share, licensed by SAMA since 1986. The Company offers Shariah-compliant products across motor, domestic-helper, home, family-health, life, mechanical-breakdown, retirement, travel, and visit-visa lines. With a diversified portfolio spanning medical, motor, property, and specialty insurance, Tawuniya commands a leading position in the Saudi insurance market.
Strategic Profile
Pro stress-test →In 2021, Tawuniya launched its 2025 strategy to keep pace with fundamental market changes, both locally and globally, with aims to become one of the major insurance companies in the Middle East and North Africa region. The company demonstrates strong commitment to digital transformation through partnerships with Oracle and Innovaccer, and is expanding into bancassurance and healthtech distribution channels.
Competitive Landscape
Pro stress-test →Tawuniya offers more than sixty types of insurance including health, motor, fire, property, engineering, various accidents, marine, aviation, Takaful, liability insurance, and other specialized coverages. Primary competitors in the Saudi insurance market include other major Takaful and conventional insurers such as Arabian Shield Cooperative Insurance, Saudi Arabian Cooperative Insurance, and Allianz/GCIC. Tawuniya's scale and government backing differentiate it from regional competitors.
Industry Context
The Company for Cooperative Insurance (Tawuniya) operates in Cooperative and Takaful insurance.
Key facts
Founded: 1986 · Headquarters: Riyadh, Saudi Arabia · Employees: 9,300 · Revenue: $5.39B · Market cap: $5.49B