Agricultural insurance practically stalled

Agricultural insurance has difficulty growing in Tunisia. Despite the efforts made by the Caisse tunisienne d’assurances mutuelles agricoles (Ctama), an insurer specializing in agricultural risks, this class of business represented only 0.41% of the Tunisian market in 2013. The premiums paid reached 5.79 million TND (3.53 million USD) in 2013, down by 15.12% compared to 2012.

The fragmentation of agricultural land with 73% of the plots having an area of less than 10 hectares partly explains this deadlock. The low level of modernization of fishing is a second impediment to the sector development.