Magazine date:
May 2008 
In partnership with SNA Lebanon and Eagle Star (United Kingdom), the company has turned the Tunisian insurance landscape upside down by creating a genuine network of life producers it had to train, organise and incentivize.
 |
| Mr. Abdelaziz Derbel |
| General Manager |
Not only is Maghrebia is renowned for the life sector of which it has always been the undisputed market leader, but also for its training activities. The company uses all the means at its disposal to improve the technical level of its staff members.
Maghrebia's additional strength lies in the quality of its shareholding. With about 45% in stakes in Maghrebia's capital, the Italian group Generali stands as a guarantee of soundness and professionalism. It is the cherry on the cake.
Maghrebia in 2006
| Ranking | 1st life insurer 2nd property insurer |
| Capital | 7.8 million USD |
| Turnover | 57.584 million USD |
| Net result | 2.412 million USD |
| Number of employees | 198 |
Management
| Founding President | Abdelaziz ESSASSI |
| General Manager | Abdelaziz DERBEL |
| Deputy General Manager, Non life insurance | Kamel KSIAA |
| Deputy General Manager, Life insurance | Mhd Slim MAAOUI |
| Head of Human Resources Dpt. | Mhd Salah TOUATI |
| Head of IT Dpt. | Mohamed BELLOUM |
| Head of Legal Dpt. | Ridha KHAYATI |
| Head of Reinsurance Dpt. | Mansour BEN AMMAR |
| Head of Property & Casualty Dpt. | Sofiene BEN NEJMA |
| Head of Motor Dpt. | Sami HANDOUS |
| Head of Life Dpt. | Elhem FERCHICHI |
| Head of Health Dpt. | Hajer HASSINE |
| Head of Accounting & Finance Dpt. | Zied LAAMARI |
| Head of Marketing and Customers Relations Dpt. | Nadia HAMILA |
Turnover split by class of business: 2002-2006
in USD| Net written premiums | 2002 | % | 2003 | % | 2004 | % | 2005 | % | 2006 | % |
|---|---|---|---|---|---|---|---|---|---|---|
| Non life | ||||||||||
Motor | 9 065 431 | 29.32 | 9 456 909 | 27.56 | 11 583 279 | 24.84 | 11 566 280 | 25.46 | 15 685 294 | 28.08 |
P & C1 | 9 667 689 | 31.26 | 12 717 257 | 37.06 | 17 574 919 | 37.69 | 17 148 569 | 37.75 | 19 092 873 | 34.16 |
Marine | 2 437 190 | 7.88 | 2 584 007 | 7.53 | 3 320 072 | 7.12 | 2 979 712 | 6.56 | 3 453 933 | 6.18 |
Health group2 | 4 936 536 | 15.96 | 5 387 613 | 15.70 | 7 385 923 | 15.85 | 6 864 957 | 15.11 | 8 016 299 | 14.34 |
| Life | ||||||||||
Total life | 4 818 716 | 15.58 | 4 170 782 | 12.15 | 6 760 781 | 14.50 | 6 865 919 | 15.12 | 9 636 044 | 17.24 |
Total | 30 925 562 | 100% | 34 316 568 | 100% | 46 624 974 | 100% | 45 425 437 | 100% | 55 884 443 | 100% |
Premiums split by class of business in 2006
Main financial highlights: 2002-2006
in USD| 2002 | 2003 | 2004 | 2005 | 2006 | |
|---|---|---|---|---|---|
Net written premiums | 30 925 562 | 34 316 568 | 46 624 974 | 45 425 438 | 55 884 443 |
Gross earned premiums | 31 429 992 | 32 322 206 | 45 820 288 | 44 701 205 | 53 755 948 |
Incurred losses | 18 372 093 | 19 580 439 | 24 986 236 | 22 272 385 | 31 101 450 |
Loss ratio | 58.5% | 60.6% | 54.5% | 49.8% | 57.9% |
Management expenses | 1 449 840 | 5 958 235 | 7 922 361 | 7 327 728 | 9 087 442 |
Technical result | 2 100 182 | 1 201 063 | 3 005 283 | 6 356 583 | 3 564 519 |
Net result (after tax) | 1 478 337 | 876 112 | 1 350 908 | 1 780 907 | 2 409 840 |
Turnover's evolution: 2002-2006
in millions USD
Loss ratio's evolution: 2002-2006
Exchange rate TND/USD as at 31/12 | 2002 | 2003 | 2004 | 2005 | 2006 |
0.733 | 0.733 | 0.840 | 0.735 | 0.779 |
Contact
| Head office | 64 rue de Palestine - 1002 Tunis, Tunisia |
| Phone | (+216) 71 788 800/ 71 847 653/ 71 849 218 |
| Fax | (+216) 71 788 334 |
marketing [at] magassur [dot] com [dot] tn | |
| Website |