Tawuniya inks insurance contract with Saudia, Flynas

The Company for Cooperative Insurance (Tawuniya) has signed a contract with Saudi Arabian Airlines (Saudia) and Flynas to provide insurance services, the insurer said in a statement on Tuesday.

No further details were mentioned about the deal value.

Under the contract, Tawuniya will provide insurance services to both companies’ aircraft against accidents, property damage, wars and liability for death and injuries.

Integrated services will be offered in partnership with global reinsurance firms under the deal, Adel Al-Hamoudi senior vice president for sales and marketing said.