The Insurance Industry in Tunisia Key Trends and Opportunities to 2020

Published: Jul, 2016 | Pages: 119 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis

Timetric's 'The Insurance Industry in Tunisia, Key Trends and Opportunities to 2020' report provides detailed analysis of the Tunisia insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).

The report also gives a comprehensive overview of the Tunisia economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes the impact of natural and man-made hazards on the insurance industry.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and 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.
Summary

Timetric's 'The Insurance Industry in Tunisia, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Tunisian insurance industry, including:

• An overview of the Tunisian insurance industry

• The Tunisian insurance industry's growth prospects by segment and category

• A comprehensive overview of the Tunisian economy and demographics

• The detailed competitive landscape in the Tunisian insurance industry

• Detailed regulatory policies of the Tunisian insurance industry

• Analysis of natural hazards in Tunisia
Scope

This report provides a comprehensive analysis of the insurance industry in Tunisia:

• It provides historical values for the Tunisian insurance industry for the report's 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

• It offers a detailed analysis of the key segments in the Tunisian insurance industry, with market forecasts to 2020.

• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

• It profiles the top insurance companies in the Tunisian and outlines the key regulations affecting them.

• It covers the economy and demographics structure of Tunisia.

• It analyzes the impact of natural and man-made hazards on the Tunisian insurance industry.
Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Tunisian insurance industry and each segment and category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Tunisian insurance industry.

• Assess the competitive dynamics in the Tunisian insurance industry.

• Identify the growth opportunities and market dynamics in key segments.

• Gain insights into key regulations governing the Tunisian insurance industry and their impact on companies and the industry's future.
Key Highlights

• The Tunisian insurance industry comprised 22 insurance and reinsurance providers as of 2015.

• Insurance penetration in Tunisia grew from 1.8% in 2011 to 1.9% in 2015.

• The life segment's rate measured 0.3%, while the non-life and personal accident and health segments' penetration rates were 1.3% and 0.3%, respectively in 2015.

• In 2015, the first microinsurance initiative as a micro-bancassurance project was launched in Tunisia.

 Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Regional Comparison
4.2 Industry Indicators
4.2.1 Gross written premium
4.2.2 Claims
4.2.3 Assets and investments
5 Non-Life Insurance
5.1 Property Insurance
5.1.1 Gross written premium
5.1.2 Penetration
5.1.3 Claims
5.1.4 Profitability
5.2 Motor Insurance
5.2.1 Gross written premium
5.2.2 Penetration
5.2.3 Claims
5.2.4 Profitability
5.3 Marine, Aviation and Transit Insurance
5.3.1 Gross written premium
5.3.2 Penetration
5.3.3 Claims
5.3.4 Profitability
6 Personal Accident and Health Insurance
6.1 Health Insurance
6.1.1 Gross written premium
6.1.2 Penetration
6.1.3 Claims
6.1.4 Profitability
7 Reinsurance
7.1 Reinsurance Accepted
7.2 Premium Ceded
8 Distribution Channel Outlook
9 Natural and Man-Made Hazards
9.1 Flooding
9.2 Droughts
9.3 Earthquakes
9.4 Man-Made Disasters
9.5 Exposure
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Star Tunisian Insurance and Reinsurance Company - company overview
10.1.2 Mediterranean Insurance and Reinsurance Company - company overview
10.1.3 Group of Insurance Companies of Tunisia - company overview
10.1.4 AMI Assurances - company overview
10.1.5 Maghrebia Insurance and Reinsurance Company - company overview
10.1.6 Astree Insurance and Reinsurance Company - company overview
10.1.7 Education Mutual Insurance - company overview
10.1.8 Tunisian-European Insurance and Reinsurance Company - company overview
10.1.9 Lloyd Tunisian Insurance and Reinsurance Company - company overview
10.1.10 Caisse Tunisienne D'Assurances Mutuelles Agricole - company overview
11 Governance, Risk and Compliance
11.1 Legislation Overview and Historical Evolution
11.2 Latest Changes in Regulation
11.3 Legislation and Market Practice by Type of Insurance
11.3.1 Life Insurance
11.3.2 Property Insurance
11.3.3 Motor Insurance
11.3.4 Liability insurance
11.3.5 Marine, aviation and transit insurance
11.3.6 Personal accident and health insurance
11.4 Compulsory Insurance
11.4.1 Motor third party liability insurance
11.4.2 Workmen's compensation
11.4.3 Shipping, air and land goods import insurance
11.5 Supervision and Control
11.5.1 International Association of Insurance Supervisors
11.5.2 African Insurance Organization (AIO)
11.5.3 General Insurance Committee (CGA)
11.6 Non-Admitted Insurance Regulations
11.6.1 Overview
11.6.2 Intermediaries
11.6.3 Market practices
11.6.4 Fines and Penalties
11.7 Company Registration and Operations
11.7.1 Type of insurance organization
11.7.2 Establishing a local company
11.7.3 Foreign ownership
11.7.4 Types of license
11.7.5 Capital requirements
11.7.6 Solvency margin
11.7.7 Reserve requirements
11.7.8 Investment regulations
11.7.9 Statutory return requirements
11.7.10 Fee structure
11.8 Taxation
11.8.1 Insurance premium or policy taxation
11.8.2 Withholding taxes on premium paid overseas.
11.8.3 Corporate tax
11.8.4 VAT
11.8.5 Captives
11.9 Legal System
11.9.1 Introduction
11.9.2 Access to court
11.9.3 Alternative dispute resolution (ADR)
12 Databook
12.1 Life Insurance
12.1.1 Policies and premium
12.1.2 Claims and expenses
12.1.3 Assets and investments
12.2 Non-Life Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Assets and investments
12.2.4 Property insurance
12.2.5 Property insurance by product
12.2.6 Motor insurance
12.2.7 Marine, aviation and transit insurance
12.3 Personal Accident and Health Insurance
12.3.1 Policies and premium
12.3.2 Claims and expenses
12.3.3 Assets and investments
12.3.4 Health insurance
13 Definitions and Methodology
13.1 Definitions
13.2 Methodology
14 About Timetric
14.1 Contact Timetric
14.2 About Timetric
14.3 Timetric's Services
14.4 Disclaimer

List of Tables
Table 1: Tunisian Insurance Industry - Key Facts, 2015
Table 2: Tunisian Insurance Industry - Market Shares of Leading Insurers, 2014
Table 3: Tunisia - Government Credit Ratings
Table 4: Tunisian Insurance Industry - Gross Written Premium by Segment (TND Billion), 2011-2015
Table 5: Tunisian Insurance Industry - Gross Written Premium by Segment (TND Billion), 2015-2020
Table 6: Tunisian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (TND), 2011-2015
Table 7: Tunisian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (TND), 2015-2020
Table 8: Tunisian Insurance Industry - Paid Claims by Segment(TND Million), 2011-2015
Table 9: Tunisian Insurance Industry - Paid Claims by Segment(TND Million), 2015-2020
Table 10: Tunisian Insurance Industry - Total Assets by Segment (TND Billion), 2011-2015
Table 11: Tunisian Insurance Industry - Total Assets by Segment (TND Billion), 2015-2020
Table 12: Tunisian Insurance Industry - Total Investment Income by Segment (TND Million), 2011-2015
Table 13: Tunisian Insurance Industry - Total Investment Income by Segment (TND Million), 2015-2020
Table 14: Tunisian Property Insurance - Gross Written Premium (TND Million and US$ Million), 2011-2015
Table 15: Tunisian Property Insurance - Gross Written Premium (TND Million and US$ Million), 2015-2020
Table 16: Tunisian Property Insurance - Paid Claims (TND Million and US$ Million), 2011-2015
Table 17: Tunisian Property Insurance - Paid Claims (TND Million and US$ Million), 2015-2020
Table 18: Tunisian Property Insurance - Loss Ratio (%), 2011-2015
Table 19: Tunisian Property Insurance - Loss Ratio (%), 2015-2020
Table 20: Tunisian Motor Insurance - Gross Written Premium (TND Million and US$ Million), 2011-2015
Table 21: Tunisian Motor Insurance - Gross Written Premium (TND Million and US$ Million), 2015-2020
Table 22: Tunisian Motor Insurance - Paid Claims (TND Million and US$ Million), 2011-2015
Table 23: Tunisian Motor Insurance - Paid Claims (TND Million and US$ Million), 2015-2020
Table 24: Tunisian Motor Insurance - Loss Ratio (%), 2011-2015
Table 25: Tunisian Motor Insurance - Loss Ratio (%), 2015-2020
Table 26: Tunisian Marine, Aviation and Transit Insurance - Gross Written Premium (TND Million and US$ Million), 2011-2015
Table 27: Tunisian Marine, Aviation and Transit Insurance - Gross Written Premium (TND Million and US$ Million), 2015-2020
Table 28: Tunisian Marine, Aviation and Transit Insurance - Paid Claims (TND Million and US$ Million), 2011-2015
Table 29: Tunisian Marine, Aviation and Transit Insurance - Paid Claims (TND Million and US$ Million), 2015-2020
Table 30: Tunisian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
Table 31: Tunisian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
Table 32: Tunisian Health Insurance - Gross Written Premium (TND Million and US$ Million), 2011-2015
Table 33: Tunisian Health Insurance - Gross Written Premium (TND Million and US$ Million), 2015-2020
Table 34: Tunisian Health Insurance - Paid Claims (TND Million and US$ Million), 2011-2015
Table 35: Tunisian Health Insurance - Paid Claims (TND Million and US$ Million), 2015-2020
Table 36: Tunisian Health Insurance - Loss Ratio (%), 2011-2015
Table 37: Tunisian Health Insurance - Loss Ratio (%), 2015-2020
Table 38: Tunisian Reinsurance - Premium Accepted by Category (TND Million), 2011-2015
Table 39: Tunisian Reinsurance - Premium Accepted by Category (TND Million), 2015-2020
Table 40: Tunisian Reinsurance - Premium Ceded by Insurance Segment (TND Million), 2011-2015
Table 41: Tunisian Reinsurance - Premium Ceded by Insurance Segment (TND Million), 2015-2020
Table 42: Tunisian Top Insurers by Line of Business, 2014
Table 43: Tunisian Insurance Industry - Market Shares of Leading Insurers (%), 2014
Table 44: Tunisian Life Insurance Segment - Market Shares of Leading Insurers (%), 2014
Table 45: Tunisian Non-Life Insurance Segment - Market Shares of Leading Insurers (%), 2014
Table 46: Tunisian Motor Insurance Category - Market Shares of Leading Insurers (%), 2014
Table 47: Tunisian Health Insurance Category - Market Shares of Leading Insurers (%), 2014
Table 48: Star Tunisian Insurance and Reinsurance Company - Key Facts
Table 49: Mediterranean Insurance and Reinsurance Company - Key Facts
Table 50: Group of Insurance Companies of Tunisia (GAT) - Key Facts
Table 51: AMI Assurances - Key Facts
Table 52: Maghrebia Insurance and Reinsurance Company - Key Facts
Table 53: Astree Insurance and Reinsurance Company - Key Facts
Table 54: Education Mutual Insurance - Key Facts
Table 55: Tunisian-European Insurance and Reinsurance Company - Key Facts
Table 56: Lloyd Tunisian Insurance and Reinsurance Company - Key Facts
Table 57: Caisse Tunisienne D'Assurances Mutuelles Agricole - Key Facts
Table 58: Tunisia- Insurance Regulatory Framework Key Features
Table 59:Tunisia- Life Insurance Regulatory Framework
Table 60: Tunisia- Property Insurance Regulatory Framework
Table 61: Tunisia- Motor Insurance Regulatory Framework
Table 62: Tunisia- Liability Insurance Regulatory Framework
Table 63: Tunisia- Corporate Tax Rates for the Financial Year 2016
Table 64: Tunisian Life Insurance - Policies and Premium, 2011-2015
Table 65: Tunisian Life Insurance - Policies and Premium, 2015-2020
Table 66: Tunisian Life Insurance - Claims and Expenses, 2011-2015
Table 67: Tunisian Life Insurance - Claims and Expenses, 2015-2020
Table 68: Tunisian Life Insurance - Assets and Investments, 2011-2015
Table 69: Tunisian Life Insurance - Assets and Investments, 2015-2020
Table 70: Tunisian Non-Life Insurance - Policies and Premium, 2011-2015
Table 71: Tunisian Non-Life Insurance - Policies and Premium, 2015-2020
Table 72: Tunisian Non-Life Insurance - Claims and Expenses, 2011-2015
Table 73: Tunisian Non-Life Insurance - Claims and Expenses, 2015-2020
Table 74: Tunisian Non-Life Insurance - Assets and Investments, 2011-2015
Table 75: Tunisian Non-Life Insurance - Assets and Investments, 2015-2020
Table 76: Tunisian Non-Life Insurance - Property Insurance, 2011-2015
Table 77: Tunisian Non-Life Insurance - Property Insurance, 2015-2020
Table 78: Tunisian Non-Life Insurance - Property Insurance by Product, 2011-2015
Table 79: Tunisian Non-Life Insurance - Property Insurance by Product, 2015-2020
Table 80: Tunisian Non-Life Insurance - Motor Insurance, 2011-2015
Table 81: Tunisian Non-Life Insurance - Motor Insurance, 2015-2020
Table 82: Tunisian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
Table 83: Tunisian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
Table 84: Tunisian Personal Accident and Health Insurance - Policies and Premium, 2011-2015
Table 85: Tunisian Personal Accident and Health Insurance - Policies and Premium, 2015-2020
Table 86: Tunisian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 87: Tunisian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 88: Tunisian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 89: Tunisian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 90: Tunisian Personal Accident and Health Insurance - Health Insurance, 2011-2015
Table 91: Tunisian Personal Accident and Health Insurance - Health Insurance, 2015-2020
Table 92: Insurance Industry Definitions