STAR: results 2019

StarThe Société Tunisienne d’Assurances et de Réassurances (STAR) has published its provisional results ending 31/12/2019. The written premiums net of cancellations and refunds amounted to 374.76 million TND (133.767 million USD) compared to 357.39 million TND (118.739 million USD) in 2018, that is an increase of 4.9%. With 216.202 million TND (77.171 million USD), motor insurance alone accounted for 57.69% of the premiums.

The paid losses, all classes of business together, rose by 9.9% at 289.872 million TND (103.467 million USD) in 2019 against 263.693 million TND (87.609 million USD) one year earlier, The number of reported losses (for all classes) fell from 884 686 in 2018 down to 816 527 twelve months later.

For their part, the financial products grew by 26% amounting to 77.719 million TND (27.741 million USD) versus 61.56 million TND (20.453 million USD) in 2018.

Read also | Tunisian insurance market

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