Latest news with #CooperativeInsurance
Argaam
13-07-2025
- Business
- Argaam
Fitch affirms Tawuniya ‘A' credit rating with positive outlook
Fitch Ratings affirmed The Company for Cooperative Insurance's (Tawuniya) Insurer Financial Strength (IFS) rating at 'A'. The Outlook is Positive. In a statement to Tadawul, the insurer said that this rating is an important indicator reflecting the company's strong financial position and the diversity of its services and products. Tawuniya views this rating as a testament to its continued commitment to financial strength, sustainable growth, and leadership in the Saudi insurance market, the statement added.
Argaam
25-06-2025
- Business
- Argaam
Leadership of insurance pool for latent defects insurance product transferred to Tawuniya
The Insurance Authority (IA) announced that leadership of the insurance pool for the latent defects insurance product has been transferred from Malath Cooperative Insurance Co. to The Company for Cooperative Insurance (Tawuniya), effective for three years as of June 24. As many as 17 insurance firms are taking part in this pool. According to Argaam 's data, Tawuniya announced last February its selection by the IA to lead the insurance pool against the inherent defects insurance product on behalf of the insurance sector. In July 2020, Malath signed an agreement with several participating insurance players for the latent defects insurance product, following the Saudi Central Bank's (SAMA) approval.
