The Insurance Sector in Tunisia: A Pillar of Economic Stability and Social Protection
The insurance sector in Tunisia, one of the pillars of economic stability and social protection, is experiencing significant growth in 2025. However, it faces major challenges that require a profound transformation to align with international standards and better serve the national economy. Express FM, the business radio in Tunisia, is dedicating its programming today to this topic and organizing a special day with sector actors, consultants, and experts from 7:00 AM to 7:30 PM.
Resilience and Financial Health
According to the latest official data from the General Insurance Committee (CGA), the insurance sector has demonstrated its resilience and good financial health. The global turnover of the 23 insurance companies reached 2.248 billion dinars in the first half of 2025, representing an increase of 11.4% compared to the same period in 2024. The life insurance branch recorded strong growth of 21%, accounting for nearly a third of the market with 650.7 million dinars. Non-life insurance continues to dominate the market with 71% of the share, mainly driven by automobile and collective health insurance.
Challenges and Evolution Perspectives
Despite these positive indicators, the Tunisian insurance sector is facing problems that could hinder its development and contribution to the economy. The insurance penetration rate in relation to GDP remains low. According to the most recent data available from the General Insurance Committee, the insurance penetration rate in Tunisia (issued premiums in relation to GDP) was 2.4% in 2022, after being 2.5% in 2021, and is approximately 2.39% for the year 2024. This figure remains relatively stable but below that of neighboring countries like Morocco and even more so than developed countries.
Proposing More Adapted Products
Accelerating digital transformation will improve operational efficiency and reduce management costs. By offering more adapted products to meet the needs of modern consumers, such as digitalizing contracts and compensation processes, this could strengthen the confidence of the insured and simplify procedures.
Regulatory Framework
The regulatory framework has a role to play in promoting innovation, strengthening transparency and governance of companies, and better protecting consumers against fraud. The creation of an agency to combat insurance fraud, announced by the Tunisian Federation of Insurance Companies (FTUSA), is a step in the right direction.
New Risks
New risks such as natural disasters, cyber risks, and challenges related to climate change represent new challenges for the sector, which has a crucial role to play in the decarbonization of the economy by investing in sustainable projects and developing green insurance.
A Crucial Moment for the Tunisian Insurance Sector
The Tunisian insurance sector is at a pivotal moment in its development. While it has demonstrated its solidity and growth, its ability to address the challenges of digitalization, regulation, and new risks will determine its future performance and effective contribution to Tunisia's economic development.
