The Company for Cooperative Insurance (Tawuniya) was founded in 1986 in Riyadh as a Saudi joint stock company and the first licensed national insurance company​in Saudi Arabia offering various ​insurance products commensurate with the needs of the community of individuals and companies in accordance with the cooperative concept that is islamically accepted.

During the years Tawuniya has established work high value goals that primarily target customers, where it is based on the knowledge of customer insurance requirements and work to meet them by group competent experts in the same field.

Tawuniya continued its growth and maintained its position as the insurance company leader in Saudi Arabia, with a high level of services and advanced insurance programs to become the first choice for customers.