Tunisian insurance and reinsurance companies have recorded a positive growth rate in the first 9 months of 2021, equal to the one seen before the coronavirus pandemic.
The sector’s turnover has therefore risen by 7.5% to 2,093.6 million dinars as against a growth of 4.6% to 1,947.7 MD at the end of the third quarter of 2020, according to data from the General Insurance Authority (IGA).
In this regard, the branch life insurance and capitalization recorded an increase of 7, 9% at the end of September 2021, to 467.7 million dinars from 433.5 million dinars during the same period of 2020.
As for the non-life insurance branch, it also went up 7.4% to 1,625.9 MD, from 1514.2 MD in 2020. The car insurance carved out the lion’s share in this field, with 943.9 MD against 872.4 MD, due to the increase in car sales in Tunisia by more than 20% since the beginning of 2021.
The group health insurance occupies the second position with a turnover of 309.2MD, up 7.5% compared to last year.
The fire insurance also recorded a remarkable increase of 4.6%, until the end of September 2021, to 147MD, from 141.3 MD, at the same date of last year.
This is the same for insurance against hail and loss of livestock, whose increase reached 18% to 11.5 MD at the end of last September, against 9.7MD at the end of the third quarter of 2020.
In addition, insurance premiums served by insurance companies were up 23.2% during the first three quarters of this year, against a decline of 7% during the same period last year, according to the IGA.
In this respect, the insurance companies served 450 MD under car insurance against 241,4 MD under health insurance and 48,6 MD under fire insurance.
The insurance sector has 22 insurance companies, most of which are medium or small.
