You can build (in a spreadsheet) a script file to achieve the goal "one tif to one dwg", then save it as text file e.g. C:\TIF2DWG.SCR on root of C disk, like this:
_new . _mapiinsert c:\001.tif _n _zoom _e _save c:\001 _close
_new . _mapiinsert c:\002.tif _n _zoom _e _save c:\002 _close
_new . _mapiinsert c:\200.tif _n _zoom _e _save c:\200 _close
When you have it, do the following steps:
1] open a brand new empty DWG
2] set FILEDIA to 0
3] command _SCRIPT
4] issue C:\TIF2DWG
5] enjoy the show
6] when it stops, set FILEDIA back to 1
Now you should have your 200 .DWG on C root, each with its own TIF inside.
Of course, the script supposes that your TIF files are on C:\ but you can easily edit the path with Notepad.
During the building of the .SCR file, to automatically generate the column 001.tif, 002.tif... 200.tif, you may use the old-school Dos command:
dir /b *.tif > grouch19.txt