BH Assurance: Good performance in 2019

According to the preliminary figures published by BH Assurance (unaudited figures), the total written premiums amounted to 116.6 million TND (41.619 million USD) by the end of December 2019, up 14% compared to 2018.

It is non-life insurance which accounted for this growth with an increase of 21% in one year: 74.2 million TND (26.484 million USD) at December 31, 2019 compared to 71.5 million TND (20.432 million USD) one year before. Health insurance ranked first with 32.469 million TND (11.589 million USD) of premiums, rising by 42% in one year.

For its part, life insurance recorded growing contributions by 4% to 42.4 million TND (15.134 million USD), in comparison with 40.6 million TND (13.488 million USD) one year earlier. The incurred losses, all classes of business together, sharply improved to 53.1 million TND (18.953 million USD) in 2019 against 54.5 million TND (18.106 million USD) twelve months earlier, that is a decrease of 3%.