Insurance Premiums and Claims‌ See Significant Increase in 2024

Recent‍ data from the⁣ Central Bank reveals a notable surge in insurance premiums and claims in the first ⁢eight months ⁤of 2024. Insurance premiums have increased by 10.3% compared to the same period in 2023, while claims have​ risen by approximately 10.4%.

Breakdown of Insurance Premiums and Claims

Total insurance premiums for ⁢the eight-month period reached 569‍ million dinars, up from 516 million dinars in​ 2023. Car⁣ insurance accounted for the largest share of premiums, with over 32% at 189⁢ million dinars, closely followed ⁣by medical insurance at approximately 180​ million dinars.

The value of compensation paid ⁣by insurance companies from January to‌ August 2024 was 362 ⁣million dinars, compared to 328 ⁣million dinars in the same ⁢period in 2023. Car insurance companies compensated ‍their customers with 176 million dinars, while medical insurance companies paid⁣ out around 131 million ⁣dinars.

Customer Complaints and Settlements

Insurance ‍company customers ​submitted ⁤a ‌total of 1,154 complaints during the eight-month period, with 97.6% related to car insurance. Meanwhile, settlements ‍between ⁤companies and ⁢customers reached 317 during this time.