AMI Assurances : strategic plan 2020-2025

To mark the increase in its share capital, AMI Assurances organized on 28 September 2021, a financial communication. The event was moderated by Mohamed Skander Naija, the company's General Manager.

After presenting the achievements of AMI Assurancesat the end of the fiscal year 2020, marked by the return to profit, S. Naija unveiled the company's strategic plan for the period 2020-2025. This plan is in line with the 185 million TND (65.78 million USD) recapitalization plan, which was initiated in 2018 by the Tunisian insurer and contributed to the improvement of the 2020 results. The roadmap is based on six main axes:

• reducing motor claims and controlling their costs
• upward revision of motor insurance pricing
• development of bancassurance
• development of other non-life classes of business
• control of overheads
• optimization of investments

Outlook for the 2020-2025 Business Plan

The company expects :

• a 10% average annual growth of the company's turnover
• a reduction in the market share of the motor class of business
• adaptation of the solvency margin to the requirements of the General Insurance Committee (CGA)
• a 113% average annual growth of the net result