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Tawuniya sponsors Ingate Global Insurance Conference and Exhibition in Riyadh

Tawuniya sponsors Ingate Global Insurance Conference and Exhibition in Riyadh
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Tawuniya sponsors Ingate Global Insurance Conference and Exhibition in Riyadh

Tawuniya sponsors Ingate Global Insurance Conference and Exhibition in Riyadh

Tawuniya, the largest insurance company in the Middle East and North Africa region, is participating as a strategic sponsor in the first edition of the Ingate Global Insurance Conference and Exhibition, from Nov. 10 to 12 in Riyadh. Organized by 黑料社区鈥檚 Insurance Authority, the event is being held under the patronage of Mohammed bin Abdullah Al-Jadaan, minister of finance and chairman of the Financial Sector Development Program Committee.

This participation comes at a pivotal stage in Tawuniya鈥檚 journey, as the company continues to roll out strategic initiatives aligned with Saudi Vision 2030 and aimed at strengthening its leadership in the local and regional insurance sector. The Ingate Global Insurance Conference and Exhibition offers a unique platform to showcase its achievements and pioneering projects to a select group of industry leaders and decision-makers, as well as to exchange insights and experiences on the future of the insurance industry in the Kingdom and the region.

Dr. Othman Alkassabi, CEO at Tawuniya Insurance Company, said: 鈥淥ur participation in this global event represents an extension of the company鈥檚 pioneering role in developing the insurance sector, and embodies our commitment to innovation, integration, and sustainability. We are proud to be part of this historic event organized by the Insurance Authority, and we see it as a strategic platform to showcase our future vision and exchange experiences with industry partners around the world.鈥

鈥淭hrough its participation in this important event, Tawuniya seeks to enhance its international presence and engage with regulatory bodies, insurance and reinsurance companies, investors, and technology leaders, with the aim of transforming visions into practical initiatives that foster innovation and support the sustainable growth of the insurance sector,鈥 he added.

The Ingate Global Insurance Conference and Exhibition has become a key platform for advancing the insurance sector鈥檚 efficiency, competitiveness, and public confidence. It also contributes to aligning the sector with national priorities, including economic diversification, digital transformation, developing national competencies, and enhancing cooperation between the public and private sectors.

Tawuniya鈥檚 participation this year reflects its focus on sustainable growth and sector leadership, as the company continues to modernize its services in line with Vision 2030. The conference provides an opportunity to spotlight its latest initiatives, from innovation-led product development to the expansion of savings insurance programs, designed to deepen insurance penetration and drive value across the Kingdom.

The conference agenda aligns closely with Saudi Vision 2030 and Tawuniya鈥檚 strategic directions, covering digital transformation and innovation, governance and regulation, regulatory technologies, customer attraction, investment opportunities, talent development and sustainable insurance.

Tawuniya鈥檚 2025 strategy aims to reshape the insurance experience in the Kingdom through innovative services that align with Saudi values and culture and enhance customer trust and loyalty. The company is also developing digital solutions and interactive experiences tailored to various segments of society, while considering the cultural diversity across the Kingdom鈥檚 regions.

Tawuniya continues to enhance its digital infrastructure, relying on real-time data analytics to deliver personalized and effective customer engagement, ensuring a seamless experience that reflects customer aspirations and increases customer satisfaction.

As part of its expansion and growth strategies, Tawuniya is designing innovative insurance products targeting digital segments and small and medium-sized enterprises, which are among the most important drivers of the national economy. This is achieved through specialized teams and in collaboration with sales and marketing departments to ensure that solutions are aligned with customers鈥 needs.

At the same time, the company is building a more integrated service ecosystem through partnerships with modern technology providers. In line with its sustainability ambitions, Tawuniya is embedding responsible business practices across its operations to maximize social and environmental value.


Riyadh Re enters reinsurance market with vision for regional and global impact

Riyadh Re enters reinsurance market with vision for regional and global impact
Updated 10 November 2025

Riyadh Re enters reinsurance market with vision for regional and global impact

Riyadh Re enters reinsurance market with vision for regional and global impact

Riyadh Reinsurance Company was officially launched on Nov. 10 at the Global Insurance Conference and Exhibition Ingate in 黑料社区, after receiving the final license from Insurance Authority, marking a major milestone in the advancement of the Kingdom鈥檚 reinsurance landscape. Headquartered in Riyadh and incorporated on Nov. 4, Riyadh Re embodies the national vision to localize reinsurance capacity, develop local expertise, and reinforce financial resilience in alignment with Saudi Vision 2030.

Riyadh Re enters the market with a strong capital base of SR550 million ($146.6 million), backed 100 percent by Tawuniya, Middle East鈥檚 largest insurer. This strong financial foundation, combined with fulfilling strong credit rating requirements, positions Riyadh Re as a highly credible and resilient reinsurer capable of serving both local and international partners.

The company鈥檚 strength lies in its blend of local insight, regional reach, and global reinsurance expertise, empowering it to deliver tailored risk solutions that meet evolving client needs with precision and reliability.

Riyadh Re is focused on enabling primary insurers to manage large-scale exposures through collaborative reinsurance frameworks. This collaborative approach ensures financial security and resilience for economic growth across industries. Its offerings are designed to provide bespoke reinsurance solutions, comprehensive coverage for commercial and industrial assets including catastrophe risk mitigation, and reinsurance for long-term, capital-intensive projects across energy, real estate, infrastructure, logistics and utilities.

Fahad Al-Hesni, CEO of Riyadh Re, said: 鈥淩iyadh Re provides facultative and treaty reinsurance solutions across diverse lines of business, including property and casualty, engineering, construction, marine, energy, aviation, financial, and cyber risks.

With a Phase 1 focus on 黑料社区, GCC, and MENA markets, Riyadh Re will build strong regional partnerships and develop localized risk capabilities. In Phase 2, the company aims to expand across global markets, establishing itself as an internationally recognized reinsurer with Saudi roots.

鈥淲ith a deep underwriting expertise, advanced technology platforms and data-driven analytics, we are building a national reinsurance champion with global standards contributing to the development of the Saudi Insurance sector.鈥

Organized by the Insurance Authority, Global Insurance Conference and Exhibition Ingate serves as a key platform for industry leaders to exchange insights and shape the future of the sector.