Governance, Risk and Compliance – The Tunisian Insurance Industry

Date: 2015-12

“• The insurance industry of Tunisia is regulated by the General Insurance Committee. It derives its power from the Insurance Code 1992.

• Compulsory lines of insurance in Tunisia include third-party automobile insurance, work accident insurance and shipping, air and land goods import insurance.

• Non-admitted insurance is not permitted in the Tunisian insurance industry.

• The legal system of Tunisia is based on French civil law system and Islamic law.

• Life insurance products are exempted from Insurance Premium Tax (IPT). For non-life insurance products, IPT varies from 5% to 10%.”

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