Tawuniya to provide insurance cover for ICT companies

THE Company for Cooperative Insurance (Tawuniya), the pioneer insurance company in Saudi Arabia, has succeeded in winning the medical insurance contracts of ICT companies working in Saudi, after renewing the medical insurance contract with Saudi Telecom Company (STC) recently, which is considered to be one of the largest insurance deals across KSA.

By renewing this contract, Tawuniya will once again become the medical insurance provider for the telecom industry as Tawuniya’s portfolio includes Communications and Information Technology Commission (CITC), STC, Mobily, Zain and Etihad Atheeb Telecommunication Company (GO). The employees of these companies and their families will benefit from Tawuniya’s health care services via the largest medical service network in Saudi Arabia that has more than 2,000 service provider.

Abdulaziz Al Boug, the SVP of Sales in Tawuniya, stated: “Tawuniya’s success in acquiring the medical insurance service for telecoms in Saudi, reflects how this vital industry trusts Tawuniya’s capabilities as the largest insurance company in Saudi Arabia. Based on the extensive experience of our 30 years portfolios, as well as our mission to provide many benefits and value added services for their employees and families.”

Al Boug added: “We are providing our services to a strategic partner! The ICT sector in Saudi Arabia is one of the key sectors that play an important role in the Saudi economy, in terms of its contribution to the GDP, and by their services to all segments of society as well as their contributions to direct employment.”

According to Al Boug, Tawuniya considers these medical insurance contracts as a strategic part of the company’s plan, to attract and acquire more contracts from different industries,



which will boost Tawuniya’s medical insurance portfolios. He added that Tawuniya has succeeded in increasing the number of medical insurance contracts with many companies and government bodies.

These successful partnerships has been gained after an extensive strategy by Tawuniya to provide the best services to its customers. Customers are at the center of Tawuniya’s strategy and this helps in improving the standard of services, and customer confidence is further enhanced with the availability of innovative products and services that meet their requirements.

Tawuniya is the leading insurance company in Saudi Arabia. It was established in 1986 as a Saudi joint stock company to offer various insurance programs to fit the needs of the community, individuals and companies, in accordance with cooperative insurance concept that is compatible with Islamic Shariah.

Tawuniya works with a paid up capital of SR1,000 million, and distinguished by strong competitive position where it has the largest network of 116 sales offices and claim centers.

Tawuniya offers more than 40 insurance products in three operating segments, medical, motor and property & casualty. The Company has the best credit rating in the market over the last ten years. Tawuniya also own lots elements of excellence such as the strong financial position, strong technical expertise, the most diversified insurance portfolio, financial flexibility, high quality services, financial liquidity, human trained personnel, the highest rate of Saudization, and the most popular brand in KSA.

All of these factors and a lot of distinct classifications Tawuniya obtained from local and international organizations confirm its leadership in insurance market at local and regional levels.