English
The Tunisian insurance market recorded a decreasing turnover by 5.44% during the first quarter of 2019 compared to a 12.2% increase one year earlier. Premiums amounted to 726.3 million TND (233 million USD) against 768.1 million TND (317 million USD) in 2018.
According to the General Insurance Committee (CGA), this decline is accounted for the by the slowdown in life insurance which grew by 6.6% only in 2019 compared to a 30%growth during the first three months of 2018. The market share of life insurance also declined, standing at 16% against 22.5% in 2018.
Up by 7.4%, motor insurance dominated the portfolio with 46% of premiums. It is followed by miscellaneous risks (21.8%) and fire insurance (11.7%).
The number of underwritten non-life contracts rose by 14.5% while those in life insurance grew by 8.3%.
