At the close of the first quarter of 2025, the insurance sector recorded a 9.9% increase in revenue, reaching 1,256.4 million dinars (MD).
Life Insurance Outpaces Non-Life in Growth
The life insurance segment continued to grow at a faster pace than the non-life segment. Life and capitalization insurance premiums rose by 13.5%, reaching 272 MD, compared to an 8.9% increase for non-life premiums, which totaled 984.3 MD.
Within the non-life segment, automobile insurance remained dominant, holding a 40.5% market share with premiums amounting to 509.1 MD. It was followed by group health insurance (190.1 MD) and fire insurance (149 MD).
Automobile Claims on the Rise
During the first quarter of 2025, the number of reported claims in the automobile insurance category saw a slight uptick of 3.8%, with 79,663 incidents recorded. In contrast, the transport segment reported only 798 incidents.
Payouts Surge Across All Segments
Total insurance payouts reached 484.1 MD in Q1, marking a year-on-year increase of 14.3%. A significant portion of these compensations went to automobile policyholders, who received 215.9 MD—a 20.3% increase compared to the same period in 2024. Fire-related claims saw a sharp rise in indemnities, up 116.3% to 26.6 MD.
Life and capitalization policyholders also benefited from a notable increase in payouts, which climbed 26% to reach 117.9 MD.
Technical Provisions on the Rise
The assets allocated to cover technical provisions amounted to 10,435.2 MD at the end of the quarter, reflecting a 10.8% rise compared to the first quarter of 2024.
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