2016 a year of achievements for Tawuniya

Majed Al-Bahiti
Updated 08 March 2017
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2016 a year of achievements for Tawuniya

The Company for Cooperative Insurance (Tawuniya) garnered international recognition in 2016 for winning six regional and global awards and rankings.
This recognition reaffirms Tawuniya’s competence and leadership within the Saudi insurance market for the past 30 years. These achievements come in parallel with the financial results approved by Tawuniya’s board of directors. The company’s total written premiums exceeds SR8 billion ($2.1 billion), making it the highest in the Saudi insurance industry’s market share in 2016.
The prestigious awards and rankings Tawuniya has received from regional and global organizations in 2016 include: “The Highest Rated Saudi Insurance Company” by S & P, the number one insurance company as listed in Al-Eqtisadiah newspaper’s “Top 100 Saudi Companies,” “The Most Innovative Insurance Company” award by the International Finance Magazine, one of the listed “Top 100 Arab Companies” of Forbes magazine, “The Best Insurance Company” award by Arabian Business magazine, and the selection of Tawuniya’s CEO among the “Top 100 CEOs in the Arab World,” according to TRENDS magazine.
Majed Al-Bahiti, Tawuniya’s general manager for marketing, said: “The excellent performance of Tawuniya in 2016 reflects the company’s continuos efforts toward providing the best products and services to its customers, which meets their needs and aspirations and then boosts their confidence.”
He added: “This comes in line with Tawuniya’s strategy of having our customers at the core of our attention, supported by modern technology and solutions that contribute to facilitating the client’s life, as well as our experienced, talented and hardworking employees.”
“Tawuniya carried out many planned activities in 2016, which included various programs and initiatives to improve the environment, support various operating segments, further develop skills and expand the use of technology which led to the launch of the SMART insurance concept,” Al-Bahiti added.


5G improves production of jet engine components

Updated 23 May 2018
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5G improves production of jet engine components

Ericsson and the Fraunhofer Institute for Production Technology have teamed up to explore the industrial applications of 5G. The first use case for production of jet engine components for MTU Aero Engines is being presented this week at the Hanover Fair in Germany.
The components concerned, so-called blade integrated disks (blisk), are high-tech components where the disk and blades are produced as a single piece and serve the purpose of compressing the air inside jet engines.
Thomas Dautl, director of manufacturing technology, MTU Aero Engines, said: “A blade-integrated disk is a high-value component. The milling process takes 15-20 hours and the total lead time is around 3-4 months, including coating processes and quality checks. The new 5G-based production technology will help make our operations more efficient.”