Magazine date:
Jan 2016 Despite a 1.87% slight decline of its turnover in 2015 and a sluggish economic environment, the Tunisian reinsurance company (Tunis Re) improved its overall performance.
The retained premiums went from 52.18% in 2014 to 56.2% in 2015. This increase in retention caused a decline in the net loss ratio by 4 points (58% in 2014 against 54% in 2015). Financial income, for its part, conducted a significant growth of 22.13%.
In the end, Tunis Re is expected to close 2015 with higher net profit than that achieved last year.