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Insurer Tawuniya signs MoU to offer insurance protection to SMEs

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Saudi Arabian insurer The Company for Cooperative Insurance (Tawuniya) has signed a memorandum of understanding to offer support and insurance protection to small and medium enterprises, reports Middle East Insurance Review.

Tawuniya has signed the MoU with the nation's Small and Medium Enterprises Loan Guarantee Program. The deal is the first of its kind in the country and is seen as an important milestone in risk management. The MoU will bring about mechanisms for sharing as well as analyzing statistics and data, mainly with regards to insurance.

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