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The Company for Cooperative Insurance ”Tawuniya” recently introduced a new fully flexible car insurance product (Motor Flex), the first-of-its-kind in the Saudi insurance market, offering customers the ability to select their insurance covers. The New product reflects Tawuniya's commitment to innovate and focus on providing its clients with insurance options that best meet their needs while also incorporating developments in professional insurance practice.
Tawuniya Vice President of Motor Insurance, -Mansour F. Abuthnein- expressed his happiness for launching this product, which is in line with Tawuniya’s strategy to innovating insurance products and services. He said, "The Motor Flex had the added benefit of enabling clients to take control of their insurance coverages and costs. It targets the vehicle owners who will be able to create their bespoke protection cover. The new product provides mandatory third-party liability besides the choice of 7 other covers depending on the client’s specific needs, including fire, theft, intentional accidents, hail & flood, roadside assistance, glass breaking, and towing".
He added, “There is no doubt that the mandatory third-party liability insurance, which launched in 2020, increased awareness of the need for motor insurance. Our role as a leading insurance company is to provide cover options, which ensure they are flexible enough to meet our clients’ requirements and needs. The introduction of Motor Flex is part of our ongoing commitment to offer more innovative insurance programs with alternative options and encourage clients to expand their insurance protection at the best cost to themselves by choosing from a range of packages tailored to their needs. Motor Flex is the first of several new insurance products Tawuniya plans to launch in 2021”.
© Press Release 2021
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