Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.
Axco’s Tunisia Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.
The Life & Benefits Report for Tunisia includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Real GDP growth (%)
Insurance Penetration (%)
Tunisia is the smallest country in North Africa with a total land area 164,150 square kilometres. The economy of Tunisia is small by both global and regional standards but supports one of the highest standards of living in Africa.
In 2017 Tunisia's non-life insurance market generated a gross premium income of TND 1.49bn while personal accident and healthcare (mostly the latter) added TND 307.18mn.
There were 22 direct insurance companies operating in Tunisia in 2019, including one company specialising in export credit. The non-life market is still dominated by the mainly state-owned Societe Tunisienne d'Assurances et de Reassurances (STAR).
In March 2020 the Tunisian government announced an invitation for bids to purchase its 50% stake in UPCAR, an insurance and reinsurance broking firm partially owned by Al Karama Holding, one of the companies confiscated from the Ben Ali clan.