Business & Money | Sunday 13 August, 2017 5:00 am |

The Company for Cooperative Insurance (Tawuniya) has been awarded as the best corporate insurance solutions provider in Saudi Arabia in 2017, according to Capital Finance International (CFI.co) Magazine’s declaration.

 

The CFI judging panel confirmed that Tawuniya has been distinguished by its efforts in developing its products and offering innovative insurance solutions that suit different business sectors.

The judging panel‘s report clarified that offering over sixty insurance products in three distinct market segment- medical- motor and property & casualty- Tawuniya boasts the largest range of insurance programs available in Saudi Arabia. The company founded in 1986 and now the Kingdom’s premier insurer, maintains an exceptionally strong financial position with ample liquidity and the attendant top credit rating- sustained for over a decade.

Recognized for its technical expertise and prompt claims processing, Tawuniya preserves a leading edge over the competition due to its comprehensive training programs that keep staff abreast of new developments and products innovation. Tawuniya, one of Saudi Arabian’s most admired brands, offers its products and services through a network of branches and claim centers that reaches all concerns of the Kingdom, the report added.

The report also stated that Tawuniya offers insurance products tailored to the needs of small and medium-sized enterprises (SMEs). Businessmen benefit from access to the Company’s vast reservoir of risk mitigating strategies, policies and initiatives. Also, all customer segments benefit from special programs and initiatives offered by the company to activate its strategic approach towards the customer centricity.

The CFO.co judging panel commends Tawuniya on its dedication to excellence. A winner in 2015, the company has sustained its corporate performance. The judges agree that Tawuniya again merits recognition and declare the company winner of the 2017 Best Corporate Insurance Solutions Provider KSA Award.

Majed Al-Bahiti, Tawuniya's Marketing General Manager, was pleased with this achievement and said that this award reflects the excellent performance of Tawuniay in 2016 and the outstanding initiatives that the company has implemented in 2017 as well as the company's efforts in providing innovative products and services to meet the needs and expectations of its customers, in line of Tawuniya strategy to put its customers in the core of its interests.

“Tawuniya has made a lot of efforts in developing its products to reach all segments in Saudi Arabia through its largest sales offices network and the new technologies it has developed to achieve the concept of smart insurance, which is a pioneering in the Saudi insurance sector. So, this award which was granted by CFI.co, proves the ongoing endeavors of Tawuniya to be the best corporate insurance solutions provider in Saudi Arabia,” he added.

 

Tawuniya has achieved unique six regional and international rankings and awards over the past period. This achievement confirms the company's leadership of the Saudi insurance market for more than thirty years.