Non-life business: modest growth in Q4
STAR's Q4 2015 net written premiums increased by 6.39% to TND59.103M. This rise comes especially from the Life branch as sales improved by 27.33% to TND2.073M, against the stagnation of the Non-Life business at TND57.030M (growth rate of 5.76%). Concerning FY 15 figures, we can still observe the opposite; the Life net premiums dropped by 29.4% to TND6.627M. While the Non-Life net revenues improved by 7.9% to TND261.741M. STAR’s retention rate has worsened by 34 bps to 86.72%.
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