The Tunisian insurance sector is set for a profound transformation by 2030, with nationwide natural disaster insurance coverage, reform of the Insurance Code and an overhaul of the motor vehicle regime, according to the five-year strategic development plan unveiled by the General Insurance Committee (CGA).
This plan, designed for the period 2026-2030, aims to strengthen the financial capacity of insurers so that they can have more influence and contribute more to the Tunisian economy by channeling an increased share of household savings towards productive investment, expanding insurance inclusion to segments of the population that are inadequately protected, while accelerating digitalisation and improving governance.
Nat CAT insurance
Faced with increasing climate risks, the authorities are planning to establish an integrated natural disaster insurance system to define the obligations of various stakeholders and strengthen the country's economic resilience.
This system will be based on several legislative and technical measures, including:
- adopting a specific legal framework guaranteeing comprehensive coverage of natural disasters for different sectors and individuals;
- developing a technical model to more accurately assess the cost of insurance coverage and define its parameters;
- carrying out impact studies intended to measure the effects of this coverage on the solvency of insurance companies.
- conducting information and awareness campaigns to publicise this new system and its benefits for the country's economic and social stability.
Agricultural insurance
For the agricultural sector, the plan includes modernising agricultural risk coverage mechanisms, diversifying the range of products, and gradually introducing compulsory insurance for certain risks. The processing of compensation claims will be simplified, and training programmes will be offered to farmers, brokers, and experts responsible for assessing crop damage.
Motor insurance
In the motor branch, the regulatory framework of the Central Pricing Bureau will be revised, and a pool will be created to handle rejected insurance applications in segments considered to be of high risk, such as rural transport, taxis or rented vehicles.
Insurance Code reform
The period from 2026 to 2030 should also be marked by a reform of the Insurance Code to keep pace with market developments.
This reform includes the revision of several provisions to give new impetus to life insurance and develop supplementary retirement products. The plan also provides for opening up the distribution network to new players, notably by including the Stock Exchange and financial institutions.
Through all these reforms, the CGA intends to equip the Tunisian sector with a modern framework, more resilient and better adapted to economic, financial and climate challenges.