AISL Executive Summary
Tunisia affiche un score AISL ajusté de 40.5/100, classé « restrictif ». Le marché de l'assurance y pesait 1.2 milliard $ en 2024, pour une pénétration de 2.3% du PIB. L'absence de cession légale obligatoire distingue ce marché, avec un accès plus direct pour les réassureurs étrangers.
Summary written from verified AISL data, not an opinion, a starting point for analysis.
Economy
Capital
Tunis
Population
Not documented
GDP
$51.3 B
Currency
TND
Insurance market
Market size
$1.2 B
Penetration
2.3%
Density / capita
Not documented
Growth (GDP proxy)
Not documented
Regulatory framework
Regulatory openness
RestrictiveCompulsory cession
No
Active friction mechanisms
0 / 7
Reference year
2024
AISL Score
Base score
40.5
Adjusted score (friction)
40.5
Regulatory access
100/100
Methodology breakdown
AISL recommendation: WAIT / DATA REVIEW (V2 provisoire)
AISL Score Badge
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Similar markets
Structurally close profiles to Tunisia, computed on market size, growth, sector structure, environment and founder judgment.
Market (2024)
Vie : 30%
$359.3M
Non-vie : 70%
$835.9M
Total : $1.20 Md
Total premiums
$1.2 B
Penetration
2.3%
Density / capita
Not documented
Growth
—
Number of insurers
—
International comparison
This market is -62% versus the OECD average (6.2% of GDP, 2024) and -57% versus the average across all reporting jurisdictions (5.4%, 2024).
Source: OECD, Global Insurance Market Trends 2025. These averages cover jurisdictions reporting to the OECD, not an exhaustive global sample.
Source: Atlas Magazine - African Insurance Market 2024
Macroeconomic context (2024)
GDP
$51.3 B
GDP growth
—
Population
—
Inflation
—
Currency
TND
Source: IMF WEO DataMapper API
Regulatory mechanisms
Source: AISL Score V2 + Atlas Magazine + Wikipedia
What this market requires at entry
No regulatory friction mechanism identified for Tunisia — no specific requirement beyond standard licensing procedures.
"What If" Simulator
Each active friction mechanism removes 3.4 points from this market's score (base score: 40.5, before regulatory friction). Uncheck a mechanism below to simulate its removal and see how many points this market would regain — using the exact AISL scoring formula.
Simulated score
40.5
0 mechanisms active (0 × 3.4 = −0.0 pts)
Active reinsurers
10 reinsurers (national + regional operating in this zone), 2021 revenue in USD millions
| Reinsurer | Scope | Revenue 2021 (M$) | Net income (M$) | Observed growth | 2022(est.) | 2023(est.) | 2024(est.) | 2025(est.) | 2026(est.) | 2027(est.) | 2028(est.) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ghana Re - Kenya | Regional | — | — | — | — | — | — | — | — | — | — |
| WAICA Re - Zimbabwe | Regional | — | — | — | — | — | — | — | — | — | — |
| Zep Re - Zimbabwe | Regional | — | — | — | — | — | — | — | — | — | — |
| Zep Re | Regional | — | — | — | — | — | — | — | — | — | — |
| CICA - Re | Regional | — | — | — | — | — | — | — | — | — | — |
| Waica Re - Kenya | Regional | — | — | — | — | — | — | — | — | — | — |
| Zep Re (PTA Reinsurance Co) | Regional | 213.0 | 18.1 | +2.3% | 218.0 | 223.0 | 228.0 | 233.2 | 238.6 | 244.0 | 249.6 |
| CICA-RE | Regional | 176.2 | 13.4 | +11.3% | 196.1 | 218.3 | 243.0 | 270.6 | 301.3 | 335.5 | 373.7 |
| WAICA Re | Regional | 153.3 | 19.9 | +49.5% | 229.5 | 343.3 | 513.5 | 768.1 | 1148.9 | 1719.1 | 2572.0 |
| Tunis Re | National | 56.6 | 5.8 | -3.2% | 54.8 | 53.0 | 51.3 | 49.7 | 48.1 | 46.5 | 45.0 |
Source: Atlas Magazine, Reinsurance Yearbook 2023. Last real data available: fiscal year 2021 (left-hand columns). The "2028 revenue (estimated)" column, in italic gray, is a projection based solely on the growth rate observed between 2020 and 2021 (capped between -30% and +50%/year); this is not an observed figure and should be treated with caution, particularly for companies with volatile or negative net income.
Market signals for Tunisia
Vienna Insurance Group : résultats semestriels 2026
L'article traite des résultats semestriels de la Vienna Insurance Group pour l'Afrique en 2026, en particulier pour le marché tunisien de l'assurance. Il aborde également les résultats semestriels d'Africa Re et des lancements de produits par IFAGE au Sénégal.
See sourceAISL Summary
- AISL positioning: 41/100, "Restrictive" market.
- Insurance market: $1.2B, fiscal year 2024.
- No compulsory cession identified, more direct access than elsewhere on the continent.
- Sits 6.5 points above the regional average (5 scored markets).
Regional comparison
Average adjusted score in North Africa : 34 (out of 5 scored markets)
Tunisia is 6.5 points above the regional average