Tunisia: Compulsory motor premiums up by 10%

Source: Middle East Insurance Review | Apr 2015

The Director General of the General Insurance Committee has announced a 10% increase in compulsory auto liability insurance premiums, effective since March. The hike will affect about 1.5 million vehicles in Tunisia.

The vehicles affected by the hike are personal cars, freight vehicles, farm vehicles and motorcycles, reported Tunis Afrique Presse quoting Mr Ahmed Hadroug, CEO of the General Insurance Committee.

Motor accounts for around 45% of total premiums in Tunisia. The increase was decided following a study undertaken in collaboration with the World Bank and consultations with the insurance industry, said Mr Hadroug. The study found that the sector suffers a technical deficit, with compulsory third-party motor liability insurance reporting a loss ratio of 200%.

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