According to the preliminary figures published by Tunis Re, the total written premiums amounted to 157.956 million TND (56.380 million USD) in 2019 that is an increase of 11% compared to 2018.
The reinsurer thus has achieves 97% of its initial target turnover for 2019. The incurred losses sharply improved from 124.552 million TND (44.457 million USD) in 2018 down to 86.240 million TND (30.782 million USD) 12 months later, a 31% decrease in one year.
The financial income grew by 12% at 24.453 million TND (8.728 million USD) by the end of December 2019 against 21.843 million TND (7.257 million USD) one year before.
Non-life reinsurance accounted for 83% of the 2019 premiums with fire representing 37% of the portfolio followed by marine, miscellaneous accident and retakaful business The latter reported an increase of 23% in one year.
Read also | Ranking of the Tunisian insurance companies [4]