STAR Insurance Company Continues to Grow
The Tunisian Insurance and Reinsurance Company (STAR) is pursuing its growth trajectory. At the end of the third quarter of 2025, the company recorded a notable increase in its performance, with issued premiums rising by 8.2%, reaching 356.8 million dinars (MD) compared to 329.8 MD during the same period in 2024, according to its provisional activity indicators.
Key Drivers of Growth
This evolution is primarily supported by the dynamics of non-life insurance, particularly the health branch, which has grown by 11.2%, driven by both new subscriptions and the revaluation of existing contributions. The transport segment has also shown a growth of 12.9%, driven by an increase in subscription policies and new business in aviation insurance.
Other Contributing Factors
The fire and miscellaneous risks branches have also contributed to this growth, with an increase of 3%, driven by the expansion of professional and agricultural multi-risk contracts. The automotive sector, a cornerstone of STAR's portfolio, has grown by 6.7%, thanks to an increase in individual contracts (+5%), fleet contracts (+7.7%), and a significant surge in border insurance (+54%).
Life Insurance Performance
On the life insurance side, premiums have shown an improvement of 9%, supported by savings activities and collective temporary death contracts. Acquired premiums have also increased by 8%, reaching 331.1 MD compared to 306.6 MD a year earlier, while ceded premiums have progressed slightly by 1.5%.
Claims and Financial Products
Regarding claims served, they total 208.2 MD, with a moderate increase of 1.4% compared to 2024. This evolution is explained by contrasting movements across branches: a decrease of 5.2% for automotive due to a lower frequency of claims, a reduction of 60% for transport, but a marked increase of 73% for fire and miscellaneous risks, due to several important files opened in 2025. The health branch has also grown by 4.6% and life insurance by 20.4%, after the settlement of various collective death contracts.
Financial Performance
Finally, STAR's gross financial products have shown a growth of 11.5%, reaching 86.7 MD compared to 77.8 MD at the end of September 2024, thanks in particular to a capital gain on the sale of securities estimated at 5.2 MD.
