Societe Tunisienne d'Assurances et de Reassurances
BBVMT:STAR90.45
TND
0.00
(0.00%)
ISIN
TN0006060016
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
- Life/Health insurance
- Address
- Tunis Tunisia
- IPO Date
- Aug 15, 1997
- Similar Companies
- Business
- Societe Tunisienne d'Assurances et de Reassurances (STAR) is a Tunisia-based insurance and reinsurance company providing non-life, life, and financial protection products and services to individual, commercial, and institutional clients. Founded in 1958 and headquartered in Tunis, Tunisia, the company operates across the Tunisian domestic market through an extensive nationwide network of general agencies, direct branch offices, broker intermediaries, and bancassurance partnerships, supported by a strategic partnership with French insurance group Groupama. The company operates through primary business segments comprising Non-Life Insurance, Life and Capitalization Insurance, and Reinsurance. Its core product and service portfolio includes motor vehicle insurance, encompassing third-party liability, collision, theft, fire, and roadside assistance; property and casualty insurance, including residential multi-risk, commercial property, industrial all risks, and natural catastrophe coverage; individual and group health insurance, covering medical expense reimbursement, hospitalization, and supplemental care; personal accident and disability insurance; marine, aviation, and cargo transport insurance; engineering and construction risk policies, including contractors all risks, machinery breakdown, and decennial liability; agricultural and livestock insurance; general civil liability, directors and officers liability, and professional indemnity insurance; credit, surety bond, and financial loss guarantees; individual and collective life insurance, comprising term life, endowment, and whole life policies; retirement savings, supplementary pension schemes, and educational savings plans; and domestic and regional treaty and facultative reinsurance inward acceptances. In recent developments, STAR has accelerated its enterprise-wide digital transformation strategy by launching enhanced digital customer portals and mobile applications for online policy subscriptions, digital premium payments, and remote claims filing and tracking. The company has also upgraded its core underwriting and claims processing infrastructure to improve operational turnaround times, expanded its bancassurance distribution alliances with local financial institutions, introduced tailored micro-insurance products for agricultural and small business sectors, and strengthened its asset-liability and solvency risk management frameworks in accordance with regulatory updates from the Comite General des Assurances.