The Tunis Stock Exchange has approved in principle the initial public offer (IPO) of the shares of BNA Assurances to the main board of the bourse.
The earnings of Societe Tunisienne de Reassurance (Tunis Re) are strong for its rating, underpinned by solid underwriting performance, Fitch Ratings has said.
The insurance market in Tunisia continued to grow in the first quarter of this year with life operations showing stronger performance than the non-life sector, according to the latest figures released by the sector's regulator.
The board of directors of BNA Assurances has announced the appointment of Mr Faker Rais as CEO.
Pan-African insurance group, SUNU Group, and the international microfinance group Advans have announced that SUNU Assurances Vie Cameroun has acquired a stake in Advans Cameroun.
Tunisia has joined the African Trade & Investment Development Insurance (ATIDI) and will participate in its capital, under the terms of an agreement inked on 24 March 2025 between the Tunisian Economy and Planning Ministry and ATIDI.
Net insurance premiums for insurance companies in Tunisia reached TND3.82bn ($1.24bn) in 2024, up from TND3.45bn in the previous year, a 10.8% increase, according to preliminary figures released by the General Insurance Committee (CGA), the insurance sector's regulatory authority.
Star Assurances (STAR) has announced that its consolidated net profit reached TND27.5m ($8.9m) in 2024 against TND23.3m in the preceding year, an increase of 18%. The company's individual net profit grew by 10% to TND29.8m from TND27m for the same period, according to a statement the company lodged with the Tunis Bourse.
Provisional results for BH Assurance show that GWP grew by 13% to reach TND199.5m ($62.8m) in 2024 compared to TND176.m in the previous year, according to a company disclosure lodged with the Tunis Stock Exchange.
Tunisian Reinsurance Company (Tunis Re) has achieved satisfactory performance in 2024 with net results exceeding the objectives set.