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Tunisia: insurance sector achieves TND 2.4 billion in turnover at end of September

The insurance sector in Tunisia has achieved a turnover of 2.4 billion dinars at the end of the first nine months of the current year, against 2.1 billion at the end of September 2021, posting a growth of about 13.5%.

According to the main indicators of activity of the insurance sector at the end of the third quarter published by the General Committee of Insurance (CGA), the Life Insurance and Capitalization has generated a turnover of 653 million dinars, up 31.6% compared to last year, representing a share of 27.1% of total turnover of the sector.

As for non-life insurance, it generated revenues of 1.75 billion dinars, up 8% compared to the end of September 2021.

In detail, the Motor Insurance has drained a turnover of about 1 billion dinars, against 940 million dinars last year, a growth of 7.3%. This branch thus displays a market share of 42% of the total turnover of the sector.

Regarding the Fire Insurance and Transport Insurance, they have achieved revenues of 167.2 million dinars (+11.5%) and 68.1 million dinars (+8.6%) respectively.

Concerning the Health Group Insurance, it has seen its turnover increase by 10.2% to 341.7 million dinars, against 310 million at the end of September 2021.

In addition, the compensation paid by direct insurance companies reached 1.15 billion dinars at the end of the first nine months of the year, against 1 billion at the end of September 2021, a growth of 6.8%.

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