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| Tunisia: Mutual insurers mull over forming joint life company | |||
| Tunisia's four mutual insurers - Caisse Tunisienne de Assurances Mutuelles Agricoles (CTAMA), Groupe des Assurances Mutuelles (MGA), Assurances Mutuelles Ittihad (AMI) and Mutuelle Assurance de l'Enseignement - are considering the possibility of creating a joint life insurance company. Mr Mansour Nasri, Director General of CTAMA & MGA, told MiddleEast Insurance Review this was in response to the legal requirement to separate life and non-life operations. "It is better than establishing a separate life provider for each company and it will be a step forward in consolidating the market. Hopefully, something will materialise by the end of this year." Mr Nasri expects life insurance to boom in Tunisia as it has been growing at a faster pace in the last few years. "I believe it will be one of the elements which will help the market to further grow," he said. |
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| Ins Communications Pte Ltd · 69 Amoy Street, Singapore 069 888 Tel: (65) 6224 5583 · Fax: (65) 6224 1091 http://www.meinsurancereview.com/pages/e-weekly.asp?country=8 Published: 9/9/2010 9:17:12 AM © 2010 All rights reserved |
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