Tunisia: Credit & insurance bureau starts operations
Source: Middle East Insurance Review | Jan 2017
Mitigan, a company that develops risk management services, has launched a subsidiary in Tunisia called Mitigan Credit & Insurance Bureau (Mitigan CIB). The bureau is establishing data exchange platforms covering insurance and loans.
Mitigan CIB offers scoring and rating systems that are useful for several phases of managing customer relationships: data verification, client selection, risk analysis, pricing, adjustment of supply service, fraud prevention, continuous monitoring of risks, claims management, debt collection, etc, reported The Maghrebi Economist.
The flagship service is the credit report and the associated score. The report details the history of credit repayments and bills by an individual or a company. The score is a number that summarises the information in a credit report and reflects the likelihood that a person may default on its financial obligations in the future.
Insurers and banks are expected to be among the clients of the bureau.
The system is also seen as helpful in preventing household over-indebtedness and fraud such as identity theft.
Mitigan was established by experts from the financial sector, consulting and academia. It is funded by public and private Tunisian institutions (the Caisse des Dépôts et Consignations and Capsa Capital Partners) and supported by the Italian company Centrale Rischi Finanziari.