The Company for Cooperative Insurance (Tawuniya), a pioneering insurance company in Saudi Arabia, has renewed the medical insurance contract with Saudi Telecom Company (STC), which is considered to be one of the largest insurance deals across the kingdom.

By renewing this contract, Tawuniya will once again become the medical insurance provider for the telecom industry as Tawuniya’s portfolio includes Communications and Information Technology Commission (CITC), STC, Mobily, Zain and Etihad Atheeb Telecommunication Company (GO).

The employees of these companies and their families will benefit from Tawuniya’s health care services via the largest medical service network in Saudi Arabia that has more than 2,000 service provider, the company said.
 
Abdulaziz Al Boug, the SVP of sales in Tawuniya, stated: “Tawuniya's success in acquiring the medical insurance service for telecoms in Saudi, reflects how this vital industry trusts Tawuniya’s capabilities as the largest insurance company in Saudi Arabia. Based on the extensive experience of our 30 years portfolios, as well as our mission to provide many benefits and value added services for their employees and families.”
 
Al Boug added: “We are providing our services to a strategic partner. The ICT sector in Saudi Arabia is one of the key sectors that play an important role in the Saudi economy, in terms of its contribution to the GDP, and by their services to all segments of society as well as their contributions to direct employment.”
 
According to Al Boug, Tawuniya considers these medical insurance contracts as a strategic part of the company’s plan, to attract and acquire more contracts from different industries, which will boost Tawuniya’s medical insurance portfolios. He added that Tawuniya has succeeded in increasing the number of medical insurance contracts with many companies and government bodies. - TradeArabia News Service