Comments on Tunis Re’s activity at the end of June 2025

Notes:

• – Figures are updated as late data is processed for all categories (settled claims, reported claims, ceded premiums, and commissions).
• – Indicators for the 2024 financial year are audited and have been approved by the Ordinary General Assembly.

Key Highlights of Activity in the first half of 2025:

 – A 4% growth in turnover compared to June 30, 2024, reaching TND 123.338 million. This progress reflects proactive management of underwriting exposures, strategic portfolio adjustments, and continued efforts to streamline the underwriting book. This achievement might have been greater if the US dollar had not depreciated over the past months. 

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• -Regarding the targets set for 2025, the turnover realization rate in the first half of 2025 reached 49%.
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• –  Net claims charge improved by 31% compared to June 2024, declining from TND 52 million to TND 36 million by the end of the first half of 2025. This improvement reflects enhanced selective risk underwriting, favorable claims experience, and the absence of major loss events during the period. As a result, the loss ratio dropped significantly, from 55% in June 2024 to 35% in June 2025.
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• – Financial income as of June 30, 2025, remained broadly stable compared to the same period last year, amounting to TND 16.044 million.  These figures include accrued and unpaid interest (for both 2024 and 2025 financial years) and do not include interest on deposits with ceding companies.

On May 15, 2025, at the Novotel Hotel in Tunis, Tunis Re organized a seminar on the theme: “Soil Techniques, Technical Control, and Decennial Liability Insurance: A Chain of Trust for Construction in Tunisia.” The event brought together industry experts, including insurers, technical control offices, project owners, and geotechnical specialists.

The program was rich and engaging, led by distinguished experts in the field:

– “The Decennial Liability Insurance Pool: Three Decades of Commitment to Controlled Construction in Tunisia” by Ms. Monia Ghali Ben Said, Underwriting Manager at Tunis Re.

– “Risk of Shrinkage/Swelling and Other Geotechnical Hazards: Why Soil Studies Are Essential” by Mr. Kamel Zaghouani, Senior Geotechnical Engineer, Manager of TERRASOL Tunisia.

– “Construction Technical Control: An Essential Support from Project to Completion” by Mr. Hassen Sellami, CEO of APAVE.

– “Technical Documents Required for Underwriting: Assessing Risk and Pricing Accurately” by Mr. Grégoire Ball, Senior Underwriter, and Ms. Barbara Ly, Decennial Liability Underwriter at SCOR GLOBAL P&C Paris.

– “Practical Cases of Decennial Liability Claims” by Mr. Kamel Salhi, Civil Engineer and Decennial Liability Underwriter at Tunis Re.

Tunis Re’s Seminar