Company for Cooperative Insurance (Tawuniya) Overview
Pro stress-test →Tawuniya is Saudi Arabia's largest insurer by market share, licensed by SAMA since 1986. The company conducts cooperative insurance operations and provides over 60 types of insurance including motor, marine, fire, property, health, engineering, aviation, energy, Takaful, and accident insurance. The firm operates as a Sharia-compliant cooperative insurer serving both retail and corporate markets across the Kingdom and broader MENA region.
Strategic Profile
Pro stress-test →In 2021, Tawuniya launched its 2025 strategy to support national economy and serve the Saudi community, with aims to become one of the major insurance companies in the Middle East and North Africa region. The company is 23% owned by the General Organization for Social Insurance, 24% by the Public Pension Agency, and 53% by the public through the stock market. Tawuniya recently established Riyadh Re, a reinsurance subsidiary incorporated in November 2025 with SAR 550 million capital.
Competitive Landscape
Pro stress-test →Tawuniya competes within Saudi Arabia's regulated insurance sector alongside regional cooperative insurers including Arabian Shield, Malath, Amana, Walaa, and Sanad. The company's market leadership reflects historical first-mover advantage as the first national insurer licensed under cooperative principles. Competitive differentiation centers on breadth of product offerings (90+ types), digital capabilities, and government stakeholder backing that provide capital stability.
Industry Context
Company for Cooperative Insurance (Tawuniya) operates in Insurance (Cooperative/General Insurance).
Key facts
Founded: 1986 · Headquarters: Riyadh, Saudi Arabia · Employees: N/A · Revenue: N/A · Market cap: N/A