BH Assurance, which underwent a rebranding exercise a year ago transforming itself from Assurances Salim, has implemented a digital transformation strategy.
The insurance company, Assurances Maghrebia, has gone public, making its trading debut on 30 December on the Stock Exchange of Tunis following an initial public offer.
The Société Assurances Multirisques Ittihad (AMI Assurances) plans to more than double its share capital to TND87.39m ($32.22m) from TND40.98m at present.
The turnover of insurance companies in Tunisia increased by 6.2% in 2019 to reach TND2.3bn ($837m), according to a recent study by Tera Finances. The growth is attributed to increases in premiums for life and non-life insurance companies.
The Tunisian population has entered a demographic phase which raises questions over the sustainability of pension systems, according to Mr Skandar Lahrizi, technical director at Hayet Insurance.
Tunisian insurer Assurances Maghrebia has moved closer to a public listing when shareholders approved the company's proposed initial public offering on 22 July.
Despite the unfavourable conditions caused by COVID-19 during the first half of 2020, Tunisian Reinsurance (Tunis Re) has managed to maintain its financial performance at the same level as in 2019, a statement issued by the reinsurer says.
Brokerslink has announced a further expansion of its footprint in Africa with Tunisian insurance and reinsurance brokerage Kare Kamoun becoming the latest affiliate to join the global broking business.
Global credit rating agency Fitch Ratings has upgraded Societe Tunisienne de Reassurance's (Tunis Re) National Insurer Financial Strength (National IFS) Rating to 'AA(tun)' from 'AA-(tun)'. The outlook is stable.
Tunis Re has changed its governance mode by separating the functions of the chairman of the board of directors from those of the general management.