Continuous improvement
The released figures for the third quarter of 2016 shows a continuous improvement of the insurer’s activity. Gross written premiums grew by 21% to reach TND54.6M (+26% in Q3-2015) with a retention rate of 65.78% slightly above last year’s figures of 64%. This increase was driven by both life (+33.11% to TND21.588M) and non-life (+14% to TND32.983M) activities.The Auto and Health segments remain the main contributors to the revenues generated by the non-life activity by 22.7% and 21.56% respectively.
The improvement in the insurer’s sales revenues was partially offset by the increase in the level of claims charges which amounted to TND25.517M (+22.3% compared to Q3-2015) driven mainly by the reimbursement of medical expenses related to the Health segment.
Income generated from the Investment activity of SALIM experienced a moderate growth of 6% to reach TND5.6M.
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