At-Takafulia Insurance

What At-Takafulia Insurance does

At-Takafulia Insurance (legal name: Assurances At-Takafulia) is a Sharia-compliant (Takaful) insurance carrier incorporated in Tunisia on 27 June 2013 and operating since 2 January 2014, headquartered in the Belvédère district of Tunis. It is the third licensed Takaful insurer in Tunisia, where Islamic insurance represents approximately 1% of the local insurance market. The company is structured to comply with Islamic finance principles through a Sharia Supervisory Board chaired by former Mufti Cheikh Othman Battikh, with strict separation of the Participants' Fund from the Shareholders' Fund, and operations conducted under Wakala (mandate) and Mudharabah (profit-sharing) contract models. The capital base of 10 million DT is held 96% by financial-institution shareholders including STAR, Tunis Ré, Assurances Salim, CTAMA, AMI, MAE, STUSID Bank, and Jordan's Islamic Insurance Co. (I.I.C.), with 4% held by private investors.

The company operates a broad product portfolio across three customer segments — Particuliers (individuals), Entreprises (businesses), and Professions Libérales (liberal professionals) — covering auto, home, health, personal accident, life, savings and retirement, education, and travel insurance for individuals, and multi-risk business, construction, fleet, cargo, group health, group accident, collective retirement, retirement severance, business interruption, and key person coverage for businesses and professionals. Distribution combines a direct sales force of commercial advisors present in every Tunisian governorate (Tunis, Le Kef, Nabeul, Sousse, Monastir, Sfax, Bizerte, Kairouan, Zaghouan, Gafsa, Tozeur, Djerba, Gabès, Mahdia, Tataouine, Ben Gardane, Le Kram), a 20+ broker partner network including AON Tunisie, MARE, MARSH Tunisia, and Gras Savoye, retail points of sale, and basic online self-service tools including a web-based auto insurance simulator and a life insurance quote request form.

Revenue mechanics are anchored on recurring Sharia-compliant premium contributions flowing into the Participants' Fund, with the company earning disclosed Wakala management fees, surplus sharing via Mudharabah, and underwriting margins. Pricing is quote-based across all lines; for instance, life insurance requires a minimum 600 DT annual contribution and a 10-year minimum term for tax advantages, auto pricing uses an 11-tier bonus/claims history system, and tax bracket tiers are built into the life quoting workflow. The firm is small (11-50 employees plus 50+ commercial advisors), and the most recently confirmed premium income is 4.5 million DT in 2014; the Board has set aspirational targets of 13M DT for 2016 and 28M DT for 2019, but no actual post-2014 revenue figures are disclosed in the source material.

Name

At-Takafulia Insurance

Legal name

Assurances At-Takafulia

Website

https://attakafulia.tn

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

At-Takafulia Insurance is a Tunisia-based Sharia-compliant (Takaful) insurance carrier serving individuals, businesses, and liberal professionals across all Tunisian governorates with auto, home, health, life, savings, and commercial lines under segregated Participants' and Shareholders' funds.

Ownership category

akta.pro rank

Product category

Takaful (Islamic) Insurance

NAICS

Insurance Carriers and Related Activities (524), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Property and Casualty Insurance Carriers (524126), Other Direct Insurance (except Life, Health, and Medical) Carriers (524128)

SIC

Life Insurance (6311), Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Retakaful (Life & Health) (FSAIANAM)

akta.pro secondary industry

Takaful Bancassurance (Islamic Insurance Distribution) (FSABAGAM)

Keywords

• Takaful insurance products
• Sharia-compliant insurance
• Life and savings insurance
• Commercial insurance coverage
• Health and family protection

Headquarters

HQ city

Belvédère

HQ country

Tunisia

HQ region

Africa

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. General Insurance (Non-Life) Premiums: Collection of insurance contributions (premiums) from participants under Takaful principles for coverage against risks including motor, property, health, travel, construction, and professional liability. Premiums are managed through the Participants' Fund and surplus is shared with participants.
2. Life Insurance and Savings Premiums: Collection of life insurance and retirement savings premiums under Takaful principles, providing death benefit, disability coverage, and savings accumulation with returns linked to fund performance. Includes term, endowment, and education policies.
3. Wakala Commission Fees: The company earns a management fee (commission) for operating the Participants' Fund under the Wakala (mandate) model, which is a disclosed cost to participants.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

At-Takafulia underwrites and sells Sharia-compliant (Takaful) insurance contracts to individuals, businesses, and liberal professionals in Tunisia, covering motor, property, health, travel, construction, cargo, group employee benefits, life, savings, retirement, education, business interruption, and key person risks. Contracts are operated under Wakala (mandate) and Mudharabah (profit-sharing) models with strict separation of Participants' and Shareholders' funds, and each product is reviewed by a Sharia Supervisory Board chaired by the former Mufti of the Republic.

Product overview

At-Takafulia Insurance is an Islamic (Takaful) insurance company operating in Tunisia since 2014, offering Sharia-compliant insurance products across three main segments: Particuliers (individuals), Entreprises (businesses), and Professions libérales (liberal professionals). The company operates on principles of solidarity and mutual aid rather than profit, with all products reviewed and approved by a Sharia Supervisory Board chaired by the former Mufti of the Republic. The product portfolio includes automobile, home, health, personal accident, life, savings/retirement, education, and travel insurance for individuals; and multi-risk business, construction, fleet, cargo transport, group health, key person, and business interruption insurance for enterprises. The company was established on June 27, 2013, with a capital of 10 million DT, and is 96% owned by financial institutions including STAR, Tunis Re, Assurances Salim, AMI, MAE, CTAMA, STUSID Bank, and The Islamic Insurance Co. (Jordan).

Differentiator

Problem solved

Functional benefit

Products and services

• Assurance Takaful Auto (Particuliers) Automobile insurance for individual vehicle owners covering damages, theft, fire, third-party liability, and passenger coverage under Sharia-compliant Takaful principles.
• Assurance Takaful Habitation (Particuliers) Home insurance for homeowners and renters covering property damage from fire, water damage, theft, and personal liability under Takaful principles.
• Assurance Takaful Santé (Particuliers) Individual health insurance covering doctor fees, hospitalization, surgery, pharmacy, radiology, dental, and optical care under Sharia-compliant principles.
• Assurance Takaful Accidents corporels (Particuliers) Personal accident insurance for individuals under 65 covering death, permanent disability, and temporary incapacity under Takaful principles.
• Assurance Takaful Épargne & Retraite (Particuliers) Savings and retirement insurance providing capital accumulation and supplementary pension benefits compliant with Islamic principles; minimum 10-year contract term for tax advantages.
• Assurance Takaful Vie (Particuliers) Life insurance protecting beneficiaries in case of death or disability, with options for capital or annuity payments under Takaful principles.
• Assurance Takaful Scolarité (Particuliers) Education insurance ensuring children's studies continue with quarterly allowances in case of parent death or disability under Takaful principles.
• Assurance Takaful Voyage (Particuliers) Travel insurance for individuals covering medical expenses up to $50,000, evacuation, baggage loss, and Schengen visa requirements under Takaful principles.
• Assurance Takaful Multirisque Entreprise Business multi-risk insurance for entrepreneurs and businesses covering buildings, assets, fire risks, and third-party liability under Takaful principles.
• Assurance Takaful Construction Construction insurance including All Risks Contractor and Engineering (TRCM), Construction Equipment, and 10-year liability coverage under Takaful principles.
• Assurance Takaful Voyage d'affaires Business travel insurance for international missions covering medical expenses up to $50,000, legal assistance, and emergency support under Takaful principles.
• Assurance Takaful Flotte automobile Fleet automobile insurance covering all company vehicles under a single contract with third-party liability and damage coverage under Takaful principles.
• Assurance Takaful Matériel informatique (Entreprises) Computer equipment insurance for businesses covering damages, theft, and data recovery for professionals and SMEs under Takaful principles.
• Assurance Takaful Transport de marchandise Cargo transport insurance covering goods during maritime, air, or land transport against damages and losses under Takaful principles.
• Assurance Takaful Groupe Santé Group health insurance for employees covering medical fees, hospitalization, surgery, pharmacy, and dental care under Takaful principles.
• Assurance Takaful Accidents corporels (Entreprises) Group personal accident insurance for employees covering death and disability benefits under Takaful principles.
• Assurance Takaful Épargne & Retraite collective Collective savings and retirement plan helping employers retain staff and provide supplementary pension benefits under Takaful principles.
• Assurance Takaful Indemnité de départ à la retraite Retirement severance insurance allowing companies to build reserves for employee departure indemnities per collective agreements under Takaful principles.
• Assurance Takaful Perte d'exploitation Business interruption insurance covering fixed charges and additional exploitation costs following a covered event during the indemnification period under Takaful principles.
• Assurance Takaful Homme clé Key person insurance covering financial consequences of death, disability, or partial/total permanent disability of essential employees under Takaful principles.
• Assurance Takaful Multirisque (Professions libérales) Multi-risk insurance for liberal professionals covering fire, theft, water damage, glass breakage, civil liability, and machinery breakdown under Takaful principles.
• Assurance Takaful Matériel informatique (Professions libérales) Computer equipment insurance for liberal professionals, artisans, and SMEs covering damages, theft, and data recovery under Takaful principles.
• Assurance Takaful Auto (Professions libérales) Automobile insurance for self-employed professionals covering damages, third-party liability, and passenger coverage under Takaful principles.
• Assurance Takaful Habitation (Professions libérales) Home insurance for property owners and renters in the liberal professions segment covering damages, theft, and civil liability under Takaful principles.
• Assurance Takaful Santé (Professions libérales) Health insurance for self-employed professionals with comprehensive healthcare benefits under Takaful principles.
• Assurance Takaful Accidents corporels (Professions libérales) Personal accident insurance for self-employed professionals under 65 covering death and disability under Takaful principles.
• Assurance Takaful Épargne & Retraite (Professions libérales) Savings and retirement insurance for self-employed professionals with ethical investment options under Takaful principles.
• Assurance Takaful Vie (Professions libérales) Life insurance protecting professionals' families against death or disability with flexible benefit options under Takaful principles.
• Assurance Takaful Scolarité (Professions libérales) Education insurance for liberal professionals ensuring children's studies continue with financial support in case of parent death or disability under Takaful principles.
• Assurance Takaful Voyage (Professions libérales) Travel insurance for professionals and travel agencies covering medical expenses, evacuation, and visa requirements under Takaful principles.

Quantifiable outcome

• Reached ~4.5 million DT in premiums in first year of operation (2014), exceeding the 4 million DT target
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor.

• IACE (Institut Arabe des Chefs d'Entreprise)minorStrategic or Co-development Partner · 10 January 2019At-Takafulia holds its annual and bi-annual commercial network seminars at the IACE venue (Les Berges du Lac, Tunis), using the institute's conference facilities for internal training and strategy meetings.
• Namaa Tunisia AssociationminorGTM or Marketing Partner · 12 August 2016Co-sponsored an economic forum organized by Namaa Tunisia in Hammamet, with At-Takafulia's DGA presenting on Takaful insurance principles to approximately 200 participants including investors and potential partners.
• Djerba Solidarity & Development AssociationminorGTM or Marketing Partner · 1 May 2016Partnered with this Djerba association to organize a conference-debate on 'Concept Takaful: Situation & Perspectives' at the Mediterranean Cultural Center in Djerba, targeting religious leaders (Imams) to explain Takaful principles.
• Syndicat des Médecins Libéraux de Djerba (Djerba Independent Doctors Union)minorStrategic or Co-development Partner · 30 April 2016Convention signed with the doctors' union to promote Takaful insurance products among member physicians. At-Takafulia sponsored the union's annual medical congress for the second consecutive year in 2016.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• LLOYD Tunisien: Established Tunisian general insurer offering auto, fire, liability, and life products. Directly comparable in product breadth, distribution model, and target customers.
• AMI (Assurances Mutuelles Ittihad): Tunisian mutual insurance company and At-Takafulia shareholder. Competes across personal and commercial lines using a mutual structure that overlaps with At-Takafulia's Takaful mutual-aid positioning.
• BH Assurance: Insurance arm of Banque de l'Habitat ecosystem in Tunisia, providing auto, home, health, and life products. Comparable in bancassurance distribution and product mix.
• CTAMA (Caisse Tunisienne des Assurances Mutuelles Agricoles): Tunisian agricultural mutual insurer and At-Takafulia shareholder. Closely comparable mutual/multi-stakeholder model and broad product portfolio including auto, fire, life, and agricultural coverage.
• The Islamic Insurance Company (Jordan): Recognized as the world's first Takaful company (founded 1979 in Sudan) and an At-Takafulia shareholder. Directly comparable as a regional Takaful operator sharing the same Sharia-governance and Wakala/Mudharabah model.
• Assurances Salim: Insurance subsidiary of Banque de l'Habitat and a major At-Takafulia shareholder. Offers comparable auto, home, health, and life products to Tunisian consumers, competing head-to-head in the same broker and bancassurance channels.
• STAR (Société Tunisienne d'Assurances et de Réassurance): One of the largest conventional insurers in Tunisia and a principal shareholder of At-Takafulia. Operates across life, non-life, and reinsurance, directly competing with At-Takafulia in auto, health, fire, and life lines while sharing the same Tunisian regulatory environment.
• MAGHREBIA: Major Tunisian insurer with broad personal and commercial lines. Competes with At-Takafulia across auto, home, health, and life insurance segments within the same Tunisian market.

Broad incumbents

• CARTE (Compagnie d'Assurances et de Réassurance Tunisienne d'Exportations): Established Tunisian insurer with broader conventional product portfolio and balance sheet. Competes in the same lines as At-Takafulia but with deeper capital and a wider range of specialty commercial coverages.

Others

• Wifak Bank: Tunisian Islamic bank featured as At-Takafulia's partner on its website. Not a direct insurance competitor but a critical Sharia-aligned distribution and referral partner in the Tunisian Islamic finance ecosystem.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Attakafulia
• Facebookfacebook.com/Assurancesattakafulia
• LinkedInlinkedin.com/company/assurances-attakafulia

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about At-Takafulia Insurance