Business insurance · Saudi Arabia · Head-to-head
GIG Saudi vs Tawuniya
Two Saudi Arabia business insurance options, compared side by side for Saudi Arabia trades.
Which should you choose?
GIG Saudi and Tawuniya are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and Saudi Arabia-specific notes below against your trade and region.
GIG Saudi
Tier A · ListedRiyadh-based Gulf Insurance Group company with engineering cover for projects and equipment
GIG Saudi is the Saudi company of Gulf Insurance Group (GIG), the Boursa Kuwait-listed group in which Fairfax Financial Holdings holds 97.06% after a 2024 tender offer. It was formerly AXA Cooperative Insurance Company: GIG completed its purchase of AXA's Gulf operations in 2021 and shareholders approved the rebrand to Gulf Insurance Group in 2022. Headquartered in Riyadh and supervised by the Insurance Authority, it sells engineering insurance that it says protects construction and installation projects at any stage, plus the machines and equipment used on them.
Pros
- + Engineering cover for construction and installation projects at any stage
- + Covers the machines and equipment used on projects
- + Liability and property cover also sold to businesses
- + Claims guided by a named GIG Account Manager
Cons
- − No published prices or limits
- − Engineering page does not list specific covers or exclusions
- − Each Gulf country is served by a separate GIG company
Saudi Arabia note
GIG Saudi (gig.sa, Riyadh, commercial registration 1010271203) is a separate company from GIG's businesses in the UAE, Bahrain, Oman and Qatar, which trade as GIG - Gulf on their own country websites.
Tawuniya
Tier A · ListedListed Saudi insurer that leads the mandatory Inherent Defects Insurance pool
Tawuniya is the trading name of The Company for Cooperative Insurance, a Saudi insurer listed on the Saudi Exchange (Tadawul: 8010). The Insurance Authority selected it to lead the 17-insurer pool for Inherent Defects Insurance (IDI) for three years from 24 June 2025, and it runs its own app for IDI site inspections. Businesses can buy, renew and manage policies through its Tawuniya Aamal app.
Pros
- + Leads the Insurance Authority's Inherent Defects Insurance pool from June 2025
- + Tawuniya Aamal app to buy, renew and manage business policies
- + Listed company that publishes quarterly results
Cons
- − Contractor's all risks and liability products could not be confirmed this run
- − No published rates confirmed
- − tawuniya.com refuses automated access, so product details need a direct check
Saudi Arabia note
The Insurance Authority says Inherent Defects Insurance is mandatory for residential and commercial buildings and a prerequisite for building permits; Tawuniya leads the 17-insurer IDI pool for three years from 24 June 2025 and manages IDI site inspections through its own inspector app.
More Saudi Arabia options
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