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Strengthening solvency requirements in Tunisia

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Magazine Issue: 
Insurers up against the pandemic [3]
Magazine date: 
Apr 2020

The General Insurance Committee (CGA) is urging the insurance companies to take the proper precautious measures to fight COVID-19.

This measure aims at strengthening the solvency of Tunisian insurance companies [4] :

  • Setting up adequate technical reserves for the financial year 2019. Any adjustments should be incorporated in the latest data and forecasts regarding the spread of the coronavirus.
  • Conducting quantitative research on the anticipated impact of the pandemic on 2020’s figures. Once approved by the Boards of Directors, the results of these analysis are to be submitted to the CGA within one month maximum as of 6 April 2020.
  • Postponing any dividend distributions regarding 2019’s earnings.
Fri, 17/04/2020 - 16:23

Source URL: https://www.atlas-mag.net/en/article/strengthening-solvency-requirements-in-tunisia

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[3] https://www.atlas-mag.net/en/issue/insurers-facing-the-pandemic
[4] https://www.atlas-mag.net/en/article/tunisian-insurance-market-companies-ranking-per-turnover