Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
Is Climate Litigation Covered by Insurance? - Social Inflation or Science: What Is Fueling Climate Litigation? - Fortegra Europe Opens Branch in Czech Republic - Vantage launches Construction and Political risk business - UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

Tawuniya awarded Best Takaful Company for 2019

Friday, 10 11 2019, Category: Islamic Insurance, Country: Saudi Arabia
The Company for Cooperative Insurance (Tawuniya) has been awarded as “Best Takaful Company for 2019” by Global Islamic Finance Awards (GIFA), which specializes in classifying Islamic finance and insurance establishments.

Tawuniya won this award as result of its implementing cooperative insurance concept since its foundation in 1986, its success in introducing Takaful insurance products, its investments complying with Shariah Rules, its commitment to Islamic standards in accounting and its role in enhancing innovation concept, governance and social responsibility.

On this occasion, Tawuniya’s Senior Vice President - Sales and Marketing Adel Al-Hamoudi, expressed his pride in winning the award. He emphasized that this success reflects Tawuniya’s efforts and commitment in introducing innovative services and products in line with Takaful concept as well as its efforts in adjusting its investments to be Shariah compliant.

Al-Hamoudi said this award will be added to Tawuniya’s distinctive awards and ranking obtained in the current year, including awards of the Best Electronic General Insurance Company, Best Innovative Insurance Company, and the Golden Award for Quality & Business Prestige as well as Tawuniya’s rank among top ten brands.

“Tawuniya has several distinctive factors that qualify it to be best Takaful company due to its pioneering position in the Saudi insurance market — the first cooperative insurance company in the Kingdom, the first Saudi company that successfully applied cooperative insurance concept by sharing insurance surplus with clients for the first time in 1990,” he added.


Source: Saudi Gazette
All copyrights reserved, Arab Reinsurance 2016 ©