Insurance

As one of the most developed markets in North Africa, Tunisia’s insurance sector has seen a steady increase in premiums and penetration in recent years, with life and medical insurance segments in particular experiencing notable growth. On the back of this momentum, the market is turning to diversified insurance products to further increase penetration and profitability. Segments including life insurance, bancassurance, micro-insurance and takaful (Islamic insurance) are all expected to grow rapidly in coming years. Growth in such product lines will help boost overall penetration, but the extent to which the wider sector grows and penetration levels rise will depend in part on trends in investment and the wider economic situation. Efforts to stimulate countrywide investment through measures such as the revised investment code are encouraging in this respect.

This chapter contains an interview with Nejla Harrouch, General Manager, Assurances BIAT.