Tunisia Insurance Industry – Key Trends and Opportunities to 2028
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Tunisia Insurance Market Report Overview
The gross written premium of the Tunisia insurance market was TND3.5 billion ($1 billion) in 2023. The market will achieve a CAGR of more than 8% during 2024-2028. The Tunisia insurance market research report provides in-depth market analysis, information, and insights into the Tunisia insurance industry. It provides a detailed outlook by product category as well as values for key performance indicators such as gross written premium, penetration, premium accepted and ceded, profitability ratios, and premium by line of business, during the review and forecast periods.
Tunisia Insurance Market Outlook, 2023-2028 (TND Billion)
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The Tunisia insurance market report also analyzes distribution channels operating in the segment and gives a comprehensive overview of the Tunisia economy and demographics. It further evaluates the competitive landscape, which entails information on segment dynamics, competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations and recent changes in the regulatory structure.
Market Size (2023) | TND3.5 billion ($1 billion) |
CAGR (2024-2028) | >8% |
Forecast Period | 2024-2028 |
Historical Period | 2019-2023 |
Key Segments | · General Insurance
· Life Insurance |
Key Distribution Channels | · Marketing
· Insurance Brokers · Bancassurance · Agencies · Other Distribution Channels |
Key Companies | · Star
· COMMAR · ASTREE · GAT Assurances · Maghrebia |
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Tunisia Insurance Market Trends
The key trend that is impacting the Tunisia insurance market is digitalization. In February 2023, GAT Assurances announced the release of its new mobile app, MyGAT Assurances. This free app offers various features, enabling consumers to pay their premiums online; receive instant quotes for a range of insurance products; and access assistance services for motor, home, and travel policies.
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Tunisia Insurance Market by Segments
The key segments in the Tunisia insurance market are life insurance and general insurance. The general insurance segment dominated the Tunisia insurance market in 2023. The key lines of business in the Tunisia general insurance market are property, motor, liability, financial lines, MAT, general insurance PA&H, and miscellaneous. Motor insurance was the dominant line of business in 2023.
Tunisia Insurance Market Analysis by Segments, 2023 (%)
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Tunisia Insurance Market by Distribution Channels
The key distribution channels in the Tunisia insurance market are direct marketing, insurance brokers, bancassurance, agencies, and other distribution channels. In 2023, agencies accounted for the highest distribution channel share of the Tunisia insurance market.
Tunisia Insurance Market Analysis by Distribution Channels, 2023 (%)
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Tunisia Insurance Market – Competitive Landscape
In 2022, Star accounted for the highest market share in the Tunisia insurance market
A few of the key companies in the Tunisia insurance market are:
- Star
- COMMAR
- ASTREE
- GAT Assurances
- Maghrebia
Tunisia Insurance Market Analysis by Companies, 2022(%)
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Tunisia Insurance Market – Latest Developments
- On December 10, 2023, Tunisia passed the Finance Law for 2024, introducing measures for (re)insurance companies. The law imposed a temporary exemption on taxable profits.
- On June 26, 2023, the International Sustainability Standards Board issued International Financial Reporting Standards covering general requirements for the disclosure of sustainability-related financial information (IFRS S1) and climate-related disclosures (IFRS S2).
Segments Covered in the Report
Tunisia Insurance Market Segments Outlook (Value, TND Billion, 2019-2028)
- Life Insurance
- General Insurance
Tunisia Insurance Market Distribution Channels Outlook (Value, TND Billion, 2019-2028)
- Marketing
- Insurance Brokers
- Bancassurance
- Agencies
- Other Distribution Channels
Scope
This report provides a comprehensive analysis of Tunisia insurance industry:
- It provides historical values for Tunisia insurance industry for the report’s 2019–23 review period, and projected figures for the 2024–28 forecast period.
- It offers a detailed analysis of the key categories in Tunisia insurance industry and market forecasts to 2028.
- It profiles the top life insurance companies in Tunisia and outlines the key regulations affecting them.
Key Highlights
- Key insights and dynamics of Tunisia insurance industry.
- A comprehensive overview of Tunisia economy, government initiatives, and investment opportunities.
- Tunisia insurance regulatory framework’s evolution, key facts, taxation regime, licensing, and capital requirements.
- Tunisia insurance industry’s market structure giving details of lines of business.
- Tunisia’s reinsurance business’s market structure giving details of premium ceded along with cession rates.
Reasons to Buy
- Make strategic business decisions using in-depth historic and forecast market data related to Tunisia insurance industry, and each category within it.
- Understand the demand-side dynamics, key market trends, and growth opportunities in Tunisia insurance industry.
- Assess the competitive dynamics in Tunisia insurance industry.
- Identify growth opportunities and market dynamics in key product categories.
Maghrebia
COMAR
BIAT
ASTREE
AMI Assurances
GAT Assurances
MAE
Table of Contents
Frequently asked questions
-
What was the Tunisia insurance market gross written premium in 2023?
The gross written premium of the Tunisia insurance market was TND3.5 billion ($1 billion) in 2023.
-
What will the growth rate of the Tunisia insurance market be during the forecast period?
The insurance market in Tunisia is expected to achieve a CAGR of more than 8% during 2024-2028.
-
Which segment dominated the Tunisia insurance market in 2023?
The general insurance segment dominated the Tunisia insurance market in 2023.
-
Which are the major companies operating in the Tunisia insurance market?
A few of the key companies in the Tunisia insurance market are Star, COMMAR, ASTREE, GAT Assurances, and Maghrebia.
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