The Company for Cooperative Insurance Overview
Pro stress-test →The Company for Cooperative Insurance operates as an insurance company in the Kingdom of Saudi Arabia. It offers over 60 types of insurance including medical, motor, fire, property, engineering, casualty, marine, aviation, and life insurance, as well as specialized coverages for Hajj and Umrah travel. The company is a leading player in the Saudi insurance market with strong market positioning and diversified revenue streams.
Strategic Profile
Pro stress-test →Tawuniya launched its 2025 strategy to keep pace with fundamental market changes and aims to become one of the major insurance companies in the Middle East and North Africa region. The company maintains an 'A' credit rating with a stable outlook according to S&P Global Ratings, and has recently obtained a license to establish Riyadh Reinsurance Company. The company benefits from strong capital base and strategic expansion initiatives.
Competitive Landscape
Pro stress-test →Tawuniya operates in the Saudi Arabian insurance market alongside other regional and local competitors. The company competes in multiple segments including medical, motor, property and casualty, and savings insurance. Its diversified portfolio and Sharia-compliant cooperative insurance model position it as a leading player in the regional market with strategic expansion plans throughout the MENA region.
Industry Context
The Company for Cooperative Insurance operates in Insurance.
Key facts
Founded: 1986 · Headquarters: Riyadh, Saudi Arabia · Revenue: $4.98B · Market cap: $5.42B