Tunisian Insurance Sector Shows Encouraging Performance in 2025
The Tunisian insurance sector has posted an encouraging performance in 2025. As of the end of September, the global turnover reached 3,123 million dinars, representing an increase of 11.5% compared to the same period in 2024. This growth reflects a sustained recovery and diversification of the sector's activities.
Key Drivers of Growth
A significant portion of this growth comes from life insurance, which saw a 19% increase in turnover. This rise can be attributed to improved profitability, as companies paid out fewer claims, reflecting more effective contract management. As a result, life insurance now accounts for nearly 28% of the market, up from 27% last year.
Non-Life Insurance
Non-life insurance continues to grow, albeit more modestly, with an 8.7% increase and a turnover of 2,235 million dinars. Automotive insurance remains dominant, but other branches, such as fire insurance and health insurance, are also experiencing notable growth, reflecting increased demand for these protections.
Claims Payouts
The sector paid out a total of 1,575 million dinars in claims, representing a general increase of 3.4%. However, a closer look reveals different trends:
- Life insurance claims decreased by 12%, indicating that contracts were less costly for insurers.
- Non-life insurance claims increased by 9%, particularly in the automotive sector, where they rose by 19.5%, reflecting an increase in accidents or disasters.
- Certain natural disasters also had an impact: hail and livestock mortality insurance saw a spectacular increase of 89.5%, highlighting the effects of climate change on agriculture.
Conclusion
In conclusion, the Tunisian insurance sector remains solid and continues to develop, thanks in large part to life insurance. However, the rise in claims payouts in certain segments, particularly automotive and agricultural, reminds insurers to remain vigilant in the face of growing risks related to accidents and climate events.
