Finance

Tunisia: insurers resume normal activities

The Tunisian Federation of Insurance Companies (Ftusa) announced on Saturday May 2 that insurance companies and their agencies will resume their “normal activities” from Monday May 4, after six weeks of forced confinement in the country due of the Covid-19 pandemic.

In their announcement, the insurers called on customers who benefited from the extension of the validity of automobile insurance certificates during the general confinement period to contact their services to recover the new insurance certificates. And indicated certain precautions to be taken in order to avoid assemblies.

“The Coronavirus crisis will have significant negative impacts on insurance companies and on several levels,” Habib Ben Hassine, president of the Federation, warned in an interview published on the organization’s website. “We should expect a sharp drop in turnover and most likely an increase in terminations as well as a worsening of the phenomenon of non-insurance. The collection of premiums will be much more complicated with significant risks of unpaid payments for all sectors. “

As a reminder, the containment will have to be gradually lifted this Monday in Tunisia with a resumption of activity to 50% of the workforce in many non-essential sectors. The country has more than 1,000 confirmed cases of Covid-19 including a 43rd death recorded this morning.

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Editor-in-chief of Financial Afrik. Based in Lomé, Nephthali Messanh Ledy graduated in Communication, Marketing and International Trade. Passionate about international news, in addition to the African economy and finances. He is also interested in social media and football.

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