Othman Alkassabi, CEO of The Company for Cooperative Insurance (Tawuniya)
The Company for Cooperative Insurance (Tawuniya) saw its health insurance portfolio grow by 67% in Q1 2025, accounting for approximately 81% of the company’s total written premiums during the quarter, CEO Othman AlKassabi said. 
In an interview with Al Arabiya TV, AlKassabi noted that motor insurance accounted for 11% of written premiums, general insurance for 7%, and protection and savings insurance for around 1%. He described the latter as a promising segment for the company, as it is still in its early stages.
He also revealed that Tawuniya is investing in the broader insurance ecosystem, including a dedicated company for primary care clinics, as well as an integrated vehicle ecosystem that involves buying and selling cars and spare parts.
The CEO highlighted that 90% of customers for certain products renew their policies with Tawuniya, and the company maintains a customer retention rate of 85%.
Regarding reinsurance, the CEO explained that Tawuniya holds a license for facultative reinsurance, while cooperative reinsurance is not currently covered under its license. However, he said the company is keen on this segment and expects it to double over the next five years. Tawuniya plans to unveil its strategy for this area in either the second or third quarter of the year.
According to data available with Argaam, Tawuniya’s net profit rose 33% to SAR 261.7 million in Q1 2025, compared to SAR 196.7 million a year earlier.
Othman Alkassabi, CEO of The Company for Cooperative Insurance (Tawuniya)
The Company for Cooperative Insurance (Tawuniya) saw its health insurance portfolio grow by 67% in Q1 2025, accounting for approximately 81% of the company’s total written premiums during the quarter, CEO Othman AlKassabi said.
In an interview with Al Arabiya TV, AlKassabi noted that motor insurance accounted for 11% of written premiums, general insurance for 7%, and protection and savings insurance for around 1%. He described the latter as a promising segment for the company, as it is still in its early stages.
He also revealed that Tawuniya is investing in the broader insurance ecosystem, including a dedicated company for primary care clinics, as well as an integrated vehicle ecosystem that involves buying and selling cars and spare parts.
The CEO highlighted that 90% of customers for certain products renew their policies with Tawuniya, and the company maintains a customer retention rate of 85%.
Regarding reinsurance, the CEO explained that Tawuniya holds a license for facultative reinsurance, while cooperative reinsurance is not currently covered under its license. However, he said the company is keen on this segment and expects it to double over the next five years. Tawuniya plans to unveil its strategy for this area in either the second or third quarter of the year.
According to data available with Argaam, Tawuniya’s net profit rose 33% to SAR 261.7 million in Q1 2025, compared to SAR 196.7 million a year earlier.
