The insurance sector is experiencing strong growth momentum

Referring, in this context, the steps taken in recent years by the public authorities to strengthen and modernise the insurance industry, the same official, quoted by the APS agency, described these actions as "important levers to support the transformation" of this strategic sector, whose penetration rate and contribution to the country's GDP still fall far short of the real potential of the domestic market. Nevertheless, the industry continues to show positive and sustained growth, marked in particular by "significant growth momentum" during the current year, especially in the personal insurance branch (life-death, health, travel and others), which has seen "double-digit growth", said the UAR's general delegate, adding that the property and casualty insurance sector (fire, miscellaneous risks, agricultural risks and, above all, motor and other risks) is also continuing to grow "at a pace broadly in line with that of the national economy, despite the existence of growth drivers that are still insufficiently exploited," he said. As highlighted in the latest economic report from the National Insurance Council (CNA), published at the end of October, the national insurance market generated total estimated revenue of 99.3 billion dinars in the first half of the current year, representing overall growth of 8.1% compared to the same period last year. Predominant in the structure of the portfolio of risks insured by local companies, property and casualty insurance, which accounts for some 83% of this market, recorded total revenue of 80.6 billion dinars between January and the end of June, up 8.2%, while personal insurance grew by 6.7% during the same period, totalling nearly 12 billion dinars. Representing almost half of non-life insurance activity in the first half of 2025, the motor insurance sector posted growth of around 8.4% compared with the same period last year, with turnover reaching nearly 40 billion dinars, representing an additional production of around 3.1 billion dinars between the two comparison periods. Although financially very sound and generating sustained profitability in recent years, it is also worth noting that the national insurance sector still lacks efficiency in terms of product diversification, service quality, management methods and premium volumes collected in relation to the country's GDP. This has led to a reform process initiated by the public authorities with a view to reorganising the sector, notably through the drafting of a new framework law to improve its governance and accelerate its modernisation. A new law, eagerly awaited by stakeholders in the sector, the initial draft of which had already been examined at first reading by the Council of Ministers, before being subjected to additions and adjustments on the instructions of the Head of State, who ordered in particular that this new text "should not contain any loopholes, to avoid practices that had been common in the past to the detriment of the public treasury".