Assurances Maghrebia S.A
BBVMT:ASSMA81.00
TND
0.00
(0.00%)
ISIN
TN0007830011
Return %
Stock
S&P 500
1Y
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14.20
3Y
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81.12
5Y
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68.34
Capital Structure
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- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Tunis Tunisia
- IPO Date
- Dec 31, 2020
- Similar Companies
- Business
- Assurances Maghrebia S.A. is a Tunisia-based multi-line insurance and reinsurance company that provides a comprehensive portfolio of non-life, life, and financial protection products to individual, professional, and corporate clients. Founded in 1973 and headquartered in Tunis, Tunisia, the company operates across general insurance, life and health insurance, asset management, and real estate services, conducting its activities alongside specialized subsidiaries including the publicly traded Assurances Maghrebia Vie, Maghrebia Financière (Sicar), Codway, and Assurances Maghrebia Immobilière. The company's core product and service offerings comprise automobile insurance, providing compulsory third-party liability, collision, fire, theft, glass breakage, and comprehensive all-risks vehicle coverage; property and casualty insurance, delivering homeowner and residential protections against fire, explosion, water damage, natural catastrophes, and burglary; individual and group healthcare insurance, covering outpatient consultations, hospitalization, maternity, dental, optical treatments, and international medical assistance; personal accident and travel insurance policies; marine and transport insurance, covering cargo freight, commercial fishing vessel hulls, and pleasure craft; commercial and industrial insurance solutions, including business interruption, machinery breakdown, electronic equipment coverage, construction and erection all-risks, comprehensive general liability, professional indemnity, and directors and officers liability; life, savings, and retirement products, offering individual and group term life insurance, borrower and credit life protection, capital accumulation contracts, unit-linked savings vehicles, supplementary pension schemes, and end-of-career indemnities; and digital insurance services, including online underwriting, electronic claims declaration, digital premium payment gateways, policy tracking portals, and mobile application utilities. In recent developments, Assurances Maghrebia S.A. approved an increase in its share capital from 45 million to 55 million Tunisian dinars via reserve capitalization and bonus share distributions to reinforce its capital adequacy and support ongoing commercial expansion. The group also executed organizational governance changes with the appointment of Sébastien Sanchez as Chief Executive Officer across both Assurances Maghrebia S.A. and Assurances Maghrebia Vie. Furthermore, the company established strategic partnerships with the climate-focused enterprise Soul & Planet to advance sustainability-linked insurance initiatives and entered into a collaboration agreement with the École de Formation Professionnelle Continue en Assurance (EFPA) to strengthen the training and development of its distribution networks, while continuously expanding its digital infrastructure to accelerate claims settlement and remote customer servicing across the Tunisian market.