INVESTORS’ PRESENTATION
Q1 2020 - EARNINGS CONFERENCE CALL TABLE OF CONTENTS
I. KSA INSURANCE INDUSTRY
II. COVID-19 SUMMARY
III. TAWUNIYA’S PERFORMANCE
IV. COMPANY OVERVIEW
2 KSA INSURANCE INDUSTRY
Change Separator KSA INSURANCE INDUSTRY Active regulators… Over-supplied with Insurers… Compulsory-Driven market… MEDICAL MOTOR PROPERTY & CASUALTY COMPULSORY All private sector employees All motorists must carry a All government infrastructural PRODUCTS (including their dependents) must have 3rd party liability projects are required to have an insurance through their employers Motor insurance Property & Casualty insurance
33 86 64 14 10 4 3 LICENSED COMPANIES Insurance & Loss Actuarial Insurance Reinsurance Brokers Agents Assessors & TPAs Service Advisors Companies Adjusters Providers
REGULATORS Saudi Arabian Monetary Authority Council of Cooperative Health Insurance Capital Market Authority (SAMA) (CCHI) (CMA)
4 KSA INSURANCE INDUSTRY Underpenetrated market with high potential for growth…
GLOBAL-LOOK COUNTRY-LOOK* (2019) (2019) SR
18,000 USA, 7.1%, 16,804 16,000 PENETRATION UK, 10.6%, Advanced EMEA, 7.6%, 14,000 16,886 12,285 Total GDP Non-oil GDP 12,000 1.27% 1.86%
10,000
8,000 Density Bahrain, 1.8%, 1,950 UAE, 2.9%, DENSITY 6,000 4,894 SR 1,104 Per Capita 4,000 KSA, 1.2%, Emerging 2,000 1,104 EMEA, 2.0%, Health & Property & Motor 0 Protection Casualty SR 251 0% 2% 4% 6% 8% 10% SR 687 SR 165 Penetration
Source: Swiss Re Sigma Report 2019 * Preliminary data from the General Authority for Statistics 5 EMEA (Europe, Middle East, Africa) KSA INSURANCE INDUSTRY Medical insured lives experiencing a decline compared to end of 2019…
TOTAL INSURED LIVES -7.5% Saudis ( ‘ 0 0 0 ) +0.6% Expats -5.0% 11,020 7,585 10,471 7,015 31% 33% 3,436 3,456 69% 67%
31-Dec-19 21-Jun-20 31-Dec-19 21-Jun-20
Primary SAUDIS EXPATS Dependent ( ‘ 0 0 0 ) ( ‘ 0 0 0 ) 2,118 5,892 2,053 5,489 -3.1% -6.8% 1,317 1,402 +6.5%
1,693 1,526 -9.9%
31-Dec-19 21-Jun-20 31-Dec-19 21-Jun-20
Source: CCHI 6 KSA INSURANCE INDUSTRY The decline is driven by drop in expats insured lives…
Saudis Expats Total
11.4 11.5 11.4 11.1 11.3 11.3 11.2 11.2 11.1 11.2 11.1 11.0 11.2 11.1 11.1 10.7 10.6 10.5
8.1 8.1 7.9 8.0 8.0 8.1 7.9 7.8 7.8 7.7 7.7 7.6 7.7 7.6 7.5 7.3 7.1 7.0
3.5 3.5 3.6 3.2 3.2 3.3 3.3 3.3 3.3 3.3 3.3 3.3 3.5 3.5 3.4 3.5 3.5 3.5
Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 21-Jun-20
Source: CCHI 7 KSA INSURANCE INDUSTRY Medical GWP Growth Rates…
QUARTER ON QUARTER 18% 15% 16% 11% 10% 8% 5% 7% 5% 6% 6% 2% -2% -6% -5% -10% -10%
Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q4 Q1 Q 2 Q3 Q 4 Q 1 Q 2 Q3 Q4 Q1 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 ROLLING 12 MONTH
9% 8% 3%
-4%
Q1, 2017 Q1, 2018 Q1, 2019 Q1, 2020
• All data excludes Saudi Re 8 • Q1, 2019 & Q1, 2020 excludes 12 companies (UCA, Allianz, Gulf Union, Gulf General, Salama, AlAhlia, Saqr, Alalamiya, Wafa, Amana, AlJazira & Metlife) KSA INSURANCE INDUSTRY Motor GWP Growth Rates…
QUARTER ON QUARTER 28% 28%
5% -1% -4% -5% -8% -8% -4% -11% -16% -15% -12% -11% -22% -17% -31%
Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q4 Q1 Q 2 Q3 Q 4 Q 1 Q 2 Q 3 Q 4 Q1 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 ROLLING 12 MONTH
1% -5% -15% -19%
Q1 Q1 Q1 Q1 2017 2018 2019 2020
• All data excludes Saudi Re 9 • Q1, 2019 & Q1, 2020 excludes 12 companies (UCA, Allianz, Gulf Union, Gulf General, Salama, AlAhlia, Saqr, Alalamiya, Wafa, Amana, AlJazira & Metlife) KSA INSURANCE INDUSTRY P&C GWP Growth Rates…
QUARTER ON QUARTER 75%
15% 18% 1% 4% -10% -6% -6% -9% -6% -5% -8% -13% -21% -22% -14% -17%
Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q4 Q1 Q 2 Q3 Q 4 Q 1 Q 2 Q 3 Q4 Q1 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 ROLLING 12 MONTH 27%
-8% -8% -15%
Q1 Q1 Q1 Q1 2017 2018 2019 2020
• All data excludes Saudi Re 10 • Q1, 2019 & Q1, 2020 excludes 12 companies (UCA, Allianz, Gulf Union, Gulf General, Salama, AlAhlia, Saqr, Alalamiya, Wafa, Amana, AlJazira & Metlife) COVID-19 SUMMARY COVID-19 SUMMARY Most recent statistics and government efforts…
TOTAL ACTIVE RECOVERED CRITICAL CASES DEATHS NEW CASES - DAILY TREND 4,400 COVID-19 CASES 3,300 2,200 th 154,233 54,086 35% 98,917 64% 1,955 1% 1,230 1% 1,100 as of 20 June 2-May 12-May 22-May 1-Jun 11-Jun STEPS TAKEN GOVERNMENT ENTITIES LEADING THE FIGHT Ministry of Health (MOH) Heavy reliance on technology by the government to combat the pandemic: Center for Disease Prevention and Control (Weqaya) • MOH Helpline (937) has been dedicated to answer/guide callers around the clock Ministry of Interior (MOI) • Weqaya published preventive measures for households, workplaces, HEALTH CARE CAPACITY communities, mosques, food providers and public transportation • Launch of “Tawaklna” application to issue permits during curfew hours or Designated 34 emergencies Hospitals
• MOH launched “Tatamman” clinics to examine patients with COVID-19 Hospital symptoms (24 hours) Beds +80,000 • MOH launched “Tabaud” phone app to notify people if they had been around infected individuals ICU 8,000 • MOFA is managing the return of citizens outside the kingdom and Beds coordinating the departure of expats to their home countries if desired Isolation Beds +2,000
Source: MOH, MOI, Weqaya, WHO 12 COVID-19 SUMMARY - GOVERNMENT ACTIONS A summarized timeline of active measures taken to control and combat the spread as well as protecting the people…
Remote working Gov. donates All public imposed on public $10m to WHO transportation is sectors, suspension shutdown (air, of malls & public buses, trains and gatherings 1st warning by Suspended all taxies) MOH for travelers education sector to China Closure of all mosques Kingdom wide curfew (7PM-6AM)
21st 8th 9th 16th 17th th 23rd J A N F E B M A R 20 22nd 26th 2nd 4th 14th 18th 30th
1st MOH kicks- infected 50bn support Remote Gov. announces off case by gov. for working free treatment for mitigation private sector imposed on all (incl. illegal measures private sector immigrants) Suspended entry for Suspended all Suspended all Umrah & Umrah activities air travel Tourism visa
Source: Center of Government Communications (CGC) 13 COVID-19 SUMMARY - GOVERNMENT ACTIONS A summarized timeline of active measures taken to control and combat the spread as well as protecting the people…
Gov. extends Curfew adjusted Extension of Curfew MOH launched remote working 9am – 5pm on permitting till 8PM “Tabaud” till further notice majority of cities –Except Mecca
Launch of Gov. support Return Curfew “Tawaklna” MOH launched 60% of private “Protection from on Jeddah for 2 sector salaries corona” awareness weeks platform
3rd 11th 21st 5th 19th 31st 5th 14th A P R M A Y J U N 2nd 6th 15th 16th 12th 26th 29th 6th 21st
CCHI demands Gov. provides MOH Life is back to insurers to SAR 50bn Launch of launched 24h Curfew normal (intl. adopt support to “Return “Tatamman” for 4 days travel still on- telemedicine private sector Carefully” clinics during Eid hold) within 90 days phase
24hrs curfew Gov. donates MLSD on main cities $500m to announced global back-to-office organizations guidelines
Source: Center of Government Communications (CGC) 14 COVID-19 SUMMARY - TAWUNIYA ACTIONS Following the governments footsteps, we took immediate measures to ensure the safety and wellbeing of our employees…
Engaged a professional Exempt employees Stopped all business Established in-premise Enabled employees to Back to office gradually provider to sanitize all from using fingerprint travel activities to clinic to test the work remotely and with flexible hours while company premises and system to avoid spread protect employees employees and identify activated applying protective increased hygiene tools cases teleconferencing tools protocols and sanitizers
Launched a hotline to answer Established IT hotline to Continuous awareness HR support and guidance to Tawuniya collaborated with Donated 25mn SAR to the employees medical questions support end-users and communications to all employees on general remote approved medical centers Health Endowment Fund to or COVID-19 inquires & ensure business continuity employees on COVID-19 working guidelines and online to conduct free tests for assist government efforts in preventative measures training employees with symptoms combating COVID-19
15 COVID-19 SUMMARY - TAWUNIYA ACTIONS As a pioneer in the insurance industry, we supported the government efforts by establishing 21 drive-thru testing centers
MAIN HIGHLIGHTS
• Operational centers have been handed over to MOH (in Riyadh, Makkah, Medina, Jeddah, Abha and Dammam)
• A capacity of 20,000 daily tests across the kingdom
• Tests are drive-thru and each center contains 10-14 lanes
• Dedicated lanes for the elderly and people with special needs
16 COVID-19 SUMMARY - REGULATORY INTERVENTION SAMA issued “Decision-189” on May 8th, 2020…
The decision was released to support insurance companies and clients due to COVID-19 impact, and it stated:
1. Extension of two months for active motor policies 1 2. Extension of two months for newly purchased motor policies (for a period of month from decision date)
2 Allow insurance companies to suspend (instead of cancelling) the client’s policy after lapsing 30 days if instalments are not paid
3 Allow insurance companies to offset due premium with claims
4 Allow the sales of Protection & Savings product electronically
5 BDP to be calculated based on due date instead of inception of the policy
6 Allow aggregators to collect premiums directly from insured (For a period of six month)
7 Postpone collection of SAMA‘s supervision & inspection fees
Source: SAMA Decision-189 (08/05/2020) 17 COVID-19 SUMMARY - MARKET DYNAMICS Current market conditions…
OVERALL Saudi economy grew modestly in 2019 (real GDP grew by 0.33% in 2019 compared to an expansion of 2.43% in 2018) Heavy pressure on oil prices since the beginning of the year due to less demand caused by coronavirus Saudi economy is expected to have a negative impact from the COVID-19 pandemic and the resulting global recession Government announced spending cuts until the end of the year which will have direct effect on several industries Another measure was to increase VAT from 5% to 15% (effective July 1st) Global insurance markets are likely be largely affected by the sharp slowdown in economic activities Hajj & Umrah / Tourism visa on hold until further notice which will impact the projected market size The long-awaited market consolidation is taking place; with recent M&A talks between multiple companies SAMA issued bancassurance regulations, which will ease access to insurance products and raise demand/awareness of protection & saving products MEDICAL MOTOR P&C
For COVID-19 cases, insurers will only cover Expected impact on loss ratio due to recent market Government spending cuts are expected to diagnosis costs. According to Royal Decree, the changes heavily impact the projected mark size government will bear the cost of subsequent Claims declined due to lockdown, keeping in mind Some Mega Projects under vision 2030 will be on treatment expected claims from extended policies hold until further notice Short-term decline in medical claims due to the VAT increase might impact retail premiums due Airlines, Hospitality and other major industries lockdown, we expect a significant amount to to declining purchasing power(starting July 1st) are severely impacted, which might impact New come back later High price competition, and more customers are and Renewals Number of insured lives decreased by 5% (from shifting towards aggregators or digital sale New compulsory product is expected to be Dec-19 up to 21-Jun-20) due to government Market still has very low coverage ratio (only 45% introduced to market - Inherent Defects Insurance waiver on Iqama extension for 3 months are insured), although TP is compulsory (IDI) Highly reinsured line of business
Source: Tadawul, SAMA, GAS, GOSI, CCHI, MoF & MoL 18 COVID-19 SUMMARY - MARKET DYNAMICS Expected implications in the medium/long term…
CASH/LIQUIDITY • CCHI circular urged all insurance companies to settle outstanding claims up to end of 2019, which will have an impact on the cash position • Hospital revenues impacted due to lockdown, creating strong demand for cash
COLLECTIONS/RECEIVABLES • SMEs have been impacted heavily to lockdown measure, leading to deterioration in their businesses • Major industries are severely impacted, which in return might impact their collections • BDP impact (Article-69 and Decision-189) OTHER ITEMS • Extension of motor policies by 2 months • VAT increase to 15% on 1st of July • Impact on realized/unrealized investment income due to fall in equity markets and fixed income yield on • We could see some clients downsizing due to slowness in overall business environment
19 TAWUNIYA’S PERFORMANCE
Change Separator TAWUNIYA PERFORMANCE Overall highlights… GROSS WRITTEN PREMIUM (MILLION SAR) +4.7% 2,457 2,497 2,573 │ GWP grew positively compared to the same quarter 2,000 1,423 of previous year │ The growth is driven 2 months of Umrah premiums
Q1, 2019 Q2, 2019 Q3, 2019 Q4, 2019 Q1, 2020
REPORTED LOSS RATIO (%) -13.6%
87.6% 82.1% 81.7% 86.8% │ Total loss ratio dropped significantly compared to 75.7% the same quarter of previous year │ Improvement is driven by correction in medical portfolio (from 96.1% to 89.4%) Q1, 2019 Q2, 2019 Q3, 2019 Q4, 2019 Q1, 2020 21 TAWUNIYA PERFORMANCE Overall highlights… TOTAL OVERHEADS +44.7% (MILLION SAR) 361 20 │ Overheads increased by 111M compared to last 250 240 251 87 207 +1.9% year (only 4m if Umrah & MOH are excluded)
254 MOH │ Other U/W expenses increased by 157% (63m) Hajj & Umrah driven by Hajj & Umrah fees & costs Q1, 2019 Q2, 2019 Q3, 2019 Q4, 2019 Q1, 2020
INVESTMENT INCOME (MILLION SAR) +2.8% 67 66 59 60 61 │ Investment income improved slightly compared to the same quarter of previous year
Q1, 2019 Q2, 2019 Q3, 2019 Q4, 2019 Q1, 2020
22 TAWUNIYA PERFORMANCE Overall highlights…
PRE-TAX INCOME (MILLION SAR)
│ Net income increased by 39m compared to last year │ Positive results are driven by the improvement in contribution
+84.9% 177
109 85 70 46
Q1, 2019 Q2, 2019 Q3, 2019 Q4, 2019 Q1, 2020
23 TAWUNIYA PERFORMANCE Profit movement analysis from Q1, 2019 to Q1, 2020…
20 41 85 33 4 12 35 46
Q1, 2019 Earned Incurred MOH BDP Umrah* Others Q1, 2020 Pre-Tax Premium Claims Donation Pre-Tax Income Income
* Net movement of Hajj/Umarh (includes premium) 24 TAWUNIYA PERFORMANCE Q1, 2020 premiums experienced an increase driven by Umrah…
GWP HIGHLIGHTS (MILLION SAR)
+5% │ Overall GWP increased by 5% 2,573 2,457 2,497 237 │ Medical GWP declined by 1% due to 254 181 pressure on mix (new/renewing) to sustain 221 2,000 725 187 margin improvement 482 210 1,423 168 161 │ Motor GWP declined by 15% due to drop in 192 average prices and fierce competition 1,982 1,967 1,562 1,350 1,070 │ P&C GWP declined by 29% caused by adverse market conditions (some major accounts had delays in booking and shifted to Q2, Q1, 2019 Q2, 2019 Q3, 2019 Q4, 2019 Q1, 2020 would’ve been a 4% increase in Q1 if booked) Medical & Takaful Motor & Manafeth P&C Hajj & Umrah
25 TAWUNIYA PERFORMANCE Hajj & Umrah program is currently on-hold due to COVID-19…
PILGRIMS (‘000) PREMIUM (‘000)
1,000 160,000 101,944 764 140,000 800 555 120,000 600 Total 100,000 Total 1.3M 80,000 140,294 242M 400 60,000 40,000 200 0 20,000 67 0 0 202001 202002 202003 202004 202005 202006 202001 202002 202003 202004 202005 202006 TOP 10 NATIONALITIES BY GENDER 2% 4% 4% Afghanistan Algeria 12% Bangladesh Egypt 13% India Indonesia 21% 10% Iraq Jordan
Malaysia Pakistan 6% 1% 21% 53% 47% 6% Turkey
26 TAWUNIYA PERFORMANCE Now turning to the loss ratio, the life blood of any insurance business…
REPORTED LOSS RATIO MEDICAL 2018 2019 2020 MOTOR
115.0% 80%
60% 110.0% 40%
105.0% 20%
0% 100.0% Q1 Q2 Q3 Q4
95.0% P&C 80% 90.0% 60% 40% 85.0% 20% 80.0% 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
27 TAWUNIYA PERFORMANCE Medical loss ratio future challenge to bear down on medical inflation…
AS PRESENTED IN Q3 WEBCAST Medical – Forecast (Q4 2019 & 2020)
% Change Average Earned Premium (6 RF) % Change Claims Cost Per Life (6 RF) % Change Average Earned Premium (6 RF) - Forecast % Change Claims Cost Per Life (6 RF) - Forecast
201801 201803 201805 201807 201809 201811 201901 201903 201905 201907 201909 201911 202001 202003 202005 202007 202009 202011
28 TAWUNIYA PERFORMANCE Medical loss ratio recovery in full swing…
Medical – Actual 2020
% Change Average Earned Premium (6 RF) % Change Ultimate BC (6 RF)
201801 201803 201805 201807 201809 201811 201901 201903 201905 201907 201909 201911 202001 202003 29 TAWUNIYA PERFORMANCE Cost of Acquisition/Servicing and Fixed overheads…
ALLOCATED EXPENSE AND G&A RATIO HIGHLIGHTS
Expenses G&A Total costs (excluding BDP) increased by 6% compared to previous year, mainly driven G&A increase
Other underwriting costs declined by 15%
9.1% 8.8% 8.1% Policy Acquisition costs declined by 1%
7.5% 6.9% G&A overheads increased by 25% as we are 5.2% continuing to place more resources into our front line (claims management and service) and our technology transformation Q1 Q1 Q1 2018 2019 2020 G&A overheads includes 20m donation to MOH
* Excludes BDP and Hajj & Umarh expenses 30 TAWUNIYA PERFORMANCE Effective Management of receivables and stable “Due Amounts” from invoice date…
BDP (Secondary Axis) Gross Receivables Collection & Adjustments Due Amount 3,000 300
2,500 250
2,000 200
MILLIONS 1,500 150 MILLIONS
1,000 100
500 50
0 0 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20
31 TAWUNIYA PERFORMANCE Article 69 heavily impacts the insurance industry Bad Debt provisions…
Comparison Description Tawuniya Al Rajhi Bupa Medgulf Receivables Opening Balance (Dec 31, 2019) 1,496 336 1,689 572 Plus: Gross Written Premium 2,573 788 3,470 1,260 Gross Total Receivables 4,069 1,124 5,159 1,832
Receivable Closing Balance (Mar 31, 2020) 2,212 524 2,369 717 Less: Provision for Doubtful Debts 167 113 174 42 Net Receivables 2,045 410 2,195 675
3 Ratios Tawuniya Al Rajhi Takaful Bupa Medgulf Provision vs. O/S Receivables Ratio 8% 22% 7% 6% O/S Rec. vs. Total Rec. Ratio 54% 47% 46% 39%
32 TAWUNIYA PERFORMANCE Leveraging Balance Sheet Structure…
Tawuniya Al Rajhi Medgulf Bupa Description Q1-2020 Q1-2020 Q1-2020 Q1-2020
Investments + Cash 7,456 2,742 1,287 7,853
Property & Equipment 255 42 48 165
Goodwill 0 0 480 98
Less : Equity -2,543 -862 -692 -3,092
Working Capital* 5,169 1,922 1,122 5,024
Earned Premium 7,147 2,537 1,884 9,846 (Rolling 12)
Working Capital / Ep % 72% 76% 60% 51%
* Funds due to members, providers, suppliers (UEP, OCP, AP, Etc.)
33 TAWUNIYA PERFORMANCE Other elements that feed into the Reported Net income…
TOTAL INVESTMENTS (SR MILLION) UN-REALIZED INVESTMENT BALANCE (SR MILLION)
168 CAGR 144 6,637 +3.6% +2.4% 6,404 5,967 6,013 -15 -71 5,249 -166 -199 2016 2017 2018 2019 Q1, 2019 Q1, 2020
3.76% REALIZED INVESTMENT INCOME (SR MILLION) 2.40% 7.48% 4.33% 4.38% 448 +2.8% 247 252 140 59 61
2016 2017 2018 2019 Q1, 2020 2016 2017 2018 2019 Q1, 2019 Q1, 2020
* Consistent Annualized Yield in line with Market Rates
34 COMPANY OVERVIEW COMPANY OVERVIEW Leading Saudi insurer with 33 years of sustained achievements…
Introduced IPO to float 70% First insurer to Tawuniya shares medical of the total capital launch digital listed in MSCI insurance plans services in KSA index
1986 2004 2006 2017 2020
1995 2005 2010 2019 Tawuniya SAMA License, “A” credit rating Paid-up capital Became Lead Establishment first insurance assigned by S&P reached SR 1,250 insurer for Hajj & with HQ in company in KSA for the first time. million Umrah Riyadh, KSA (8m pilgrims)
36 COMPANY OVERVIEW Two of the strongest government entities own 37% of Tawuniya…
GOSI Tawuniya is an enlisted company Investment Portfolio: With a paid-up capital of SAR 1,250 m SAR 134 billions More than 51 companies GOSI 18%
PPA Investment Portfolio: Publicly PPA Floated SAR 68.5 billions 19% 63% 65 companies
37 COMPANY OVERVIEW Our Vision & Mission…
OUR VISION OUR MISSION
Be the companion that presents Sustain momentum for our society’s safety innovative and customer centric insurance and continuous progress towards the solutions, so our customers feel secure, future. empowered and ready for the future.
Centric Innovative Society Future Continuous Safety Companion All segments Customers Solutions Individuals With you to Today and From With you in all including Focus our Products, services, and achieve your tomorrow all risks circumstances Corporate, SME attention systems and Business objectives and Retail processes
38 COMPANY OVERVIEW The largest comprehensive insurer in GCC…
Portfolio of SR 8.4 billion with multi-offerings across all lines of business & segments
CORPORATE – SME – RETAIL MEDICAL MOTOR PROPERTY & CASUALTY
• My Family • Al-Shamel • Engineering • Aviation • Balsam • Sanad • Fire & Property • Energy • Group Medical • Sanad Plus • Marine • Group Takaful 39 COMPANY OVERVIEW The largest regional & global reach to clients and providers…
5 Network of over a million Regional Offices + 2,000 Providers health care providers + 70 Branches in 13 Regions 24 Agents
+ 2,000 20 Employees International Reinsurers Treaties
40 COMPANY OVERVIEW Insurance company with high credit rating within KSA… and (A) rated reinsurance partners… OUR INTERNATIONAL REINSURERS
Solicited CCR Re is rated “A-” by S&P (BBB+) Munich Re is rated “AA-” by S&P Swiss Re is rated “AA-” by S&P
Everest Re is rated “A+” by S&P Un-Solicited Trans Re is rated “A+” by S&P (A-) R+V is rated “AA-” by S&P LLOYD’s is rated “A+” by S&P
41 COMPANY OVERVIEW + 15,740 organizations across various sectors trust Tawuniya…
Aviation Financial Telecommunication Mining & Petro. Manufacturing Other
42 COMPANY OVERVIEW Our awards in 2019
│ Top 10 Strongest Brands in Saudi Arabia 2019 Brand Finance
│ Best Electronic General Insurance Company Saudi Arabia 2019 Global Banking & Finance Review
│ Best Innovative Insurance Company World Finance
│ Best Takaful Company 2019 Global Islamic Finance Awards (GIFA)
│ The Golden Award for Quality & Business Prestige) Other Ways Management & Consulting (O MAC)
│ Top 100 Saudi Companies List & the best in Insurance Sector Al-Iqtesadiah Newspaper
43 شكراً THANK YOU