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Oct 2019

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Tunisia: Premiums down by almost 6% in 1Q2019

Source: Middle East Insurance Review | Sep 2019

The Tunisian insurance sector saw premium income fall by 5.8% to TND726.3m ($252.5m) in the first quarter of 2019, compared to the corresponding quarter in 2018 when premiums increased by 12.2%, according to data from the General Insurance Committee (CGA),
 
The life insurance segment’s share of the total activities of the sector decreased from 22.5% in 2018 to 16% in the first quarter of 2019. Correspondingly, non-life insurance accounted for 84% of total industry activity.
 
Compensation paid by insurers stood at TND317.1m in 1Q2019 compared to TND258.6m in the same period of 2018, an increase of 22%.
 
The data showed that the number of all reported accidents in the country decreased by 4.7% during the first quarter of 2019 to 383,447 against 402,526 accidents during the same period of the previous year.
 
However, the number of reported auto insurance accidents grew by more than 10% (representing more than 19.7% of all accidents). Reported accidents for fire insurance surged by 29%, while those related to transport rose by 10%. M 
 
TND1 = $0.35
 
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