Tunis Re achieved, by the end of March 2016, a quarterly turnover of 37.35 million TND (18.58 million USD), that is an increase of 18.45% compared to 31.53 million TND (16.20 million USD) recorded in the first three months of 2015.
The non life class of business accounted for 91% of the premiums' volume. With 2.17 million TND (1.08 million USD) in collected premiums, the retakaful activity grew sharply (+ 58%).
Despite a relatively modest amount of 1.18 million TND (0.58 million USD), life insurance also increased significantly (+ 59%).
The gross incurred losses reached 7.99 million TND (16.06 million USD), that is a 26.22% growth in comparison with the first quarter 2015.
Net of retrocession, these incurred losses rose by 61.02% at 5. 99 million TND (2.98 million USD).