Tunisia – 10% increase in prices of motor insurance against liabilities
Thursday, 01 07 2016, Category: Insurance and Reinsurance, Country: Tunisia
Work started starting from the beginning of January 2016 with the new tariffs of civil liability in the motor insurance sector where prices increased by 10% against a 5% decrease in optional cover for fire and theft.
The increase in motor civil liability cover prices for personal use, third party transport, own transport, agricultural use, agricultural vehicles, and motorcycles.
The new tariffs apply to insurance contracts signed starting from the beginning of January 2016. And this increase will affect one million and a half cars moving across the country.
Mr. Ahmad Hadrouk the general manager of the General Insurance Committee said that this increase is part of a reform plan for the motor insurance branch which posted losses of 280%.
Source: Al Chourouk