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Tawuniya (The Company for Cooperative Insurance)

Tawuniya

87Score

★★★★☆4.0

Customer satisfaction · 3.0M members

S&P: A- (highest independent rating in KSA)(2025)

Tawuniya is the oldest insurer in Saudi Arabia (est. 1986) and the second-largest by premium. A pioneering state-backed cooperative insurer, it holds the highest independent financial strength rating in KSA (A- from S&P with stable outlook) and is listed on the Saudi Exchange (Tadawul: 8010) with SAR 1.5B paid-up capital.

Overall Score

87/100

Founded

1986

Headquarters

Riyadh

Type

private

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Key Metrics

Financial Rating

A- (S&P, stable outlook)

Tadawul Code

8010

Paid Up Capital

SAR 1.5B

Positioning

State-backed cooperative

Editorial Ratings

S&P: A- (highest independent rating in KSA)(2025)

Rating: 2nd largest by premium; A- (S&P) (max: Market leader)

87Saudi

Coverage Highlights

✓Oldest insurer in Saudi Arabia (est. 1986)
✓Highest independent financial strength rating in KSA (S&P A-)
✓State-backed cooperative insurer
✓Vast network including government facilities
✓Listed on Saudi Exchange (Tadawul: 8010)

Pros

✓Highest independent financial strength rating in KSA (A-, S&P)
✓State-backed stability and trust
✓Oldest insurer in the Kingdom
✓Access to government facilities

Cons

✗Less digital innovation than Bupa Arabia
✗Corporate focus may mean less retail agility
✗Multi-line insurer (health not sole focus)

Frequently Asked Questions

What is Tawuniya's financial strength rating?

Tawuniya holds an A- rating from S&P with a stable outlook, the highest independent financial strength rating among insurers in Saudi Arabia and one of the highest in the MENA region.

Is Tawuniya state-backed?

Yes. Tawuniya is a pioneering state-backed cooperative insurer, established in 1986 as the oldest insurance company in Saudi Arabia, providing implicit government-linked stability.

Is Tawuniya listed on the stock exchange?

Yes. Tawuniya is listed on the Saudi Exchange (Tadawul) under code 8010 with SAR 1.5 billion in paid-up capital.

Quick Summary

InsurerTawuniya (The Company for Cooperative Insurance)

Country🇸🇦 Saudi Arabia

Overall Score87/100

Satisfaction4.0/5

Members3.0M

Typeprivate

Founded1986

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