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Low insurance penetration rate in Tunisia

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Magazine Issue: 
The insurance industry, a market under strain [3]
Magazine date: 
Oct 2022

Comité Général des Assurances (CGA)According to the General Insurance Committee (CGA), the insurance penetration rate in Tunisia stood at 2.5% in 2021. This rate is still below the levels recorded in emerging countries and the world average which was set at 7% in 2021.

Insurance density in the country reached 235.8 TND (81.8 USD) in 2021, against 217.8 TND (80.4 USD) in 2020, increasing by 8.3% over one year. Despite this evolution, the density remains very low compared to the world average of 2 447 TND (902.8 USD).

Read also | Tunisian insurance companies: 2021 ranking [4]

Thu, 20/10/2022 - 16:38

Source URL: https://www.atlas-mag.net/en/category/pays/tunisie/low-insurance-penetration-rate-in-tunisia

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-194-october-2022
[4] https://www.atlas-mag.net/en/article/tunisian-insurance-market-ranking-of-insurers-in-2019