Insurance
From The Report: Tunisia 2017
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As one of the most developed markets in North Africa, Tunisia’s insurance sector has seen a steady increase in premiums and penetration in recent years, with life and medical insurance segments in particular experiencing notable growth. On the back of this momentum, the market is turning to diversified insurance products to further increase penetration and profitability. Segments including life insurance, bancassurance, micro-insurance and takaful (Islamic insurance) are all expected to grow rapidly in coming years. Growth in such product lines will help boost overall penetration, but the extent to which the wider sector grows and penetration levels rise will depend in part on trends in investment and the wider economic situation. Efforts to stimulate countrywide investment through measures such as the revised investment code are encouraging in this respect.

This chapter contains an interview with Nejla Harrouch, General Manager, Assurances BIAT.

Articles from this Chapter

Overview

High potential: Growth in new product lines is boosting penetration and profitability
OBG
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As one of the most developed markets in North Africa, Tunisia’s insurance sector has seen a steady increase in premiums and penetration in recent years, with life and medical insurance segments in particular experiencing notable growth. On the back of this momentum, the market is turning to diversified insurance products to further increase penetration and profitability. New insurance products such as micro-insurance and takaful (Islamic insurance) are emerging in the market, and established…

Interview

Looking ahead: Nejla Harrouch, General Manager, Assurances BIAT, on a changing insurance sector and prospects for future growth
OBG
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Interview: Nejla Harrouch How did the insurance sector evolve in 2016? NEJLA HARROUCH: The major evolutions within the field of insurance in Tunisia have been linked to sector agreements and the progress of the legal framework. The main focus following the revolution at the end of 2010 has been to restore the notion of profitability. Regulations were also needed to avoid a price war, which would have completely destroyed the added value of the sector. The main idea in 2016, which will prevail in…

Analysis

Changes ahead: Reforms are expected to reinvigorate the car insurance segment
OBG
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Car insurance is by far Tunisia’s largest line, accounting for 45.7% of total industry premiums in 2015. Premiums for the segment reached TD766.8m (€328.8m), up by 8.5% from the previous year and slightly ahead of an overall insurance market growth rate of 7.9%. Industry figures say the market will continue to expand steadily in coming years. “The country’s fleet of vehicles is growing, which will help the market develop,” Mustapha Kotrane, head of production at Tunis Re, told OBG. Société…