Tawuniya/The Company for Cooperative Insurance Dec 11
- ID: 2034543
- December 2011
- Standard & Poors
Leading competitive position in the Saudi insurance market. Strong underwriting performance. Strong financial flexibility. Relatively aggressive investment profile. High dependency on developments in just one country, Saudi Arabia, and on two lines of business (medical and motor). The ratings on Saudi Arabia-based general insurer Tawuniya/The Company For Cooperative Insurance (Tawuniya) reflect the company's leading competitive position in the Saudi insurance market, its strong underwriting performance, and attractive prospects in the Saudi insurance market. However, these strengths are partially offset by the company's still relatively high exposure to market risk, as well as its high dependency on developments on just one country, Saudi Arabia, and two lines of business (medical and motor). Tawuniya is classified as a government-related entity (GRE) under...
Companies mentioned in this report are: Tawuniya/The Company for Cooperative Insurance,Saudi Arabia (Kingdom of)
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