Business insurance · Saudi Arabia · Head-to-head

Tawuniya vs Walaa Cooperative Insurance

Two Saudi Arabia business insurance options, compared side by side for Saudi Arabia trades.

Which should you choose?

Tawuniya and Walaa Cooperative Insurance 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.

Tawuniya

Tier A · Listed

Listed 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.

Typical Saudi Arabia pricing: No prices confirmed: tawuniya.com refused automated access this run, so no published rates could be checked; ask Tawuniya or a licensed broker for a quote.

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Walaa Cooperative Insurance

Tier A · Listed

Al Khobar-based listed insurer; pool leader for PIF's contractor surety bonds

Walaa Cooperative Insurance is a Saudi insurer listed on the Saudi Exchange (Tadawul: 8060) and headquartered in Al Khobar, with three regional offices and over 70 retail offices according to Reinsurance News (June 2025). It completed a merger with SABB Takaful in October 2022. Reinsurance News reported in December 2024 that Walaa is the co-insurance pool leader issuing surety bonds, under a programme developed by the Public Investment Fund, for qualified contractors on projects of PIF's development companies.

Pros

+ Surety bonds for qualified contractors on PIF development-company projects
+ Three regional offices and over 70 retail offices, per Reinsurance News
+ Listed insurer that publishes quarterly results

Cons

− Engineering (contractor's and erection all risks) products could not be confirmed this run
− No published rates confirmed
− Surety programme is limited to qualified contractors on PIF development-company projects

Saudi Arabia note

For contractors on projects of PIF's development companies, Walaa leads the co-insurance pool issuing surety bonds under the PIF-developed programme, reinsured by Saudi Re, according to Reinsurance News (December 2024). Its engineering cover needs a direct check with Walaa or a broker.

Typical Saudi Arabia pricing: No prices confirmed: walaa.com refused automated access this run, so no published rates could be checked; ask Walaa or a licensed broker for a quote.

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