Country Dashboards

12 mn
US$46 bn
Inflation rate

Insurance Premiums

Total Premiums
Insurance market data
Life premium volume (USD) 113 mn
Non-life premium volume (USD) 662 mn
Total premium volume 775 mn
Total premium volume (TND) 1 bn
Insurance penetration: Premiums in % of GDP 1.68%
Insurance density: Premium / capita USD 72.9
Local currency TND
Market Composition
Domestic life insurers 4
Domestic non-life insurers 0
Domestic composite insurers 13
Foreign life insurers 1
Foreign non-life insurers 0
Foreign composite insurers 0
Domestic reinsurers 1
Foreign reinsurers 4
State-owned insurers 0
State-owned reinsurers 0
Insurance intermediaries 0
Reinsurance intermediaries 4
Insurance Regulatory Authority
Rue Borjine 1073 Montplaisir - Tunis

Regulatory Provisions

Scope of insurance regulation and supervision
Overarching principle in insurance supervision Financial supervision
Requirement for minimum insurance rates Yes
Cross-border insurance allowed Yes
Bancassurance is allowed Yes
Allowed ownership structures Stock Companies, Mutuals
Foreign ownership restrictions Yes
Minimum capital requirement 10000000
Minimum paid-up share capital 10000000
Requirement for independent audits Yes
Requirement to appoint actuaries Yes
Premium rate approval needed Yes
On-Going Supervision
Solvency referred to as the difference between assets and liabilities Yes
RBC (Risk-based capital) principles applied Yes
Ceded reinsurance is regarded as a permissible asset Yes
Compulsory insurance lines MOTOR TPL
Compulsory reinsurance cessions No
Insurance companies in difficulties
Established guarantee or policyholder protection fund Yes
The Africa Re office that supports this location is: