Othman Alkassabi, CEO of The Company for Cooperative Insurance (Tawuniya)
The Company for Cooperative Insurance (Tawuniya) has over SAR 180 million in direct technology investments, CEO Othman Alkassabi said, noting that there are also indirect investments that are part of the company’s 2025 strategy.
In an interview with Argaam on the sidelines of signing a sponsorship agreement with Al Hilal SFC, Alkassabi explained that Tawuniya places a high priority on investing in the renewal of artificial intelligence systems and other modern technologies to transform the company from a leading firm in the Middle East and Africa into a global one.
Tawuniya, he revealed, will launch two units: Tree and Mina. Tree is the first of its kind to offer digital products; it currently provides auto insurance and will soon launch pet insurance.
Mina will provide primary healthcare services through a prevention-focused health model, marking the first integrated initiative of its kind in the Kingdom in collaboration with insurance companies, Alkassabi added.
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