The Guarantee Pricing and the Analysis of the Automotive Branch Insurance Profitability in Tunisia
Journal Title: American Journal of Economics and Business Innovation (AJEBI) - Year 2023, Vol 2, Issue 3
Abstract
The presented study thoroughly investigates the technical profitability of the Tunisian automobile insurance market using a quantitative research approach with interpretivism as its foundation. The study aims to offer insightful information about the dynamics and profitability of the sector by concentrating on the combined ratio and applying the S/P ratio calculation. The data show that the Tunisian auto insurance industry faces serious obstacles. The S/P ratios continually exceeded 100% from 2019 to 2021, indicating a chronic problem of low technical profitability. Notably, the civil responsibility guarantees considerably added to this imbalance, particularly in the “agricultural utility” and “2-wheel use” categories, with S/P ratios rising to frightening heights, like 937% in 2012. These findings highlight the pressing necessity for pricing modifications and a thorough comprehension of the nuances of the market. The Tunisian auto insurance industry must address underpricing concerns and increase overall profitability viable over the long run. This study offers helpful insights for policymakers and business experts trying to manage these difficult issues and promote a more vibrant insurance market.
Authors and Affiliations
Abdelli Souleima, Abdelli Asma
Keywords
Related Articles
- EP ID EP731127
- DOI https://doi.org/10.54536/ajebi.v2i3.2094
- Views 50
- Downloads 0
Examining the Impact of ESG on Organizational Performance: The Literature Review on Investment Sectors of the Middle East and North Africa (MENA)
ESG pertains to integrating environmental, social, and governance concerns into the operations of corporations and investors. The integrated and collective impact of ESG practices on value creation and sustainability for...
Why do Tourists Visit a Himalayan Destination? Motivation, Barrier and Facilities Preference
Tourist destination choices are a mix of push and pull motivations along with travel barriers. Indian Himalayas has a significant role in attracting tourists but is limited to already explored destinations. In the Wester...
Perceived Online Tax Compliance Measures on Tax Compliance among Online Traders in Kenya
In several developing countries, tax collection by government relied on manual taxation, but there is now more drive towards introduction of electronic online filling of taxes. In Kenya, online tax system relies on integ...
The Effect of Production Process Management on Quality Control in The Iron and Steel Industry in Libya
Quality is the crucial factor that determines a company’s ability to compete in the marketplace and survive. However, developing production process management is one of the most critical factors affecting quality control...
Effects of Remote Business During the Covid-19 Pandemic - A Literature Review
Remote work as a form of business has been used for many years, but not in all industries. In the midst of a pandemic caused by the COVID-19 virus, this way of working has become an inevitable form of business. Overnight...