Business insurance · Saudi Arabia
Tawuniya
Listed Saudi insurer that leads the mandatory Inherent Defects Insurance pool
Market position
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.
Saudi Arabia-specific 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.
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
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.
Why this matters for Saudi Arabia trades
The Engineering Professions Practice Law requires Saudi Council of Engineers (SCE) accreditation before anyone practises engineering, with fines of up to SAR 1 million. Under the Contractor Classification Law, government bodies may not accept a bid for a project subject to classification unless the contractor is classified in its field, activity and grade; classification requests and building permits are filed on Balady, where permit plans are checked against the Saudi Building Code and latent defects insurance is a required document. ZATCA’s Phase 2 requires businesses called in by turnover wave to connect their invoicing software to the Fatoora platform (EY reports that Wave 25 reaches taxable turnover above SAR 187,500 and that businesses in it should prepare to comply with Phase 2 starting from 1 February 2027). Nitaqat places each entity in one of five Saudization ranges that decide access to services such as new expatriate visas and work permits, and Argaam reported in 2018 that firms must join the Saudi Contractors Authority before bidding for tenders.
Saudi construction and trades software selection is shaped by ZATCA’s mandatory e-invoicing regime (Phase 2 integration with the Fatoora platform, rolled out in turnover waves), contractor classification by the Ministry of Municipalities and Housing for public projects, building permits on Balady checked against the mandatory Saudi Building Code, Saudization ranges under Nitaqat tracked on Qiwa, and government tenders run on Etimad. Several vendors listed here offer Arabic and English interfaces, and some publish SAR prices.
Frequently asked
Is Tawuniya a good fit for Saudi Arabia trades?
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. 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.
What does Tawuniya cost in Saudi Arabia?
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. Pricing and availability can change by region; confirm current Saudi Arabia pricing on the vendor's site before committing.