Cotunace

Name

Cotunace

Legal name

Compagnie Tunisienne pour l'Assurance du Commerce Exterieur

Website

https://cotunace.com.tn

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Credit Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Insurance Carriers, Nec (6399)

akta.pro primary industry

Political Risk & Trade Credit Reinsurance (FSAOABAN)

Keywords

• Export credit insurance
• Trade credit insurance
• Credit risk management
• Investment insurance
• Debt recovery services

Headquarters

HQ city

Tunis

HQ country

Tunisia

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Credit Insurance Premiums: COTUNACE generates revenue through insurance premiums charged to businesses for coverage against non-payment risks on export and local sales. Premiums are calculated based on risk profiles, coverage amounts, and contract types (revolving or individual).
2. State-Backed Guarantee Management: COTUNACE manages state guarantee funds (FGRE and Dhamen Finance) on behalf of the Tunisian state, providing coverage for political risks and extraordinary commercial risks. Revenue includes management fees for administering these government-backed programs.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

COTUNACE is Tunisia's national credit insurer, providing credit insurance products that protect businesses against non-payment risks on export and local sales. It covers commercial risks (bankruptcy, default) and political risks (war, expropriation, transfer restrictions), underwrites state-backed guarantee funds (FGRE and Dhamen Finance), and offers related debt recovery, financing guarantees, customs bonds, and investment insurance services for Tunisian exporters, banks, and investors.

Product overview

COTUNACE offers a comprehensive credit insurance platform for Tunisian businesses covering export and local sales transactions. The core portfolio includes TASDIR (export insurance), MABI3ATI (combined export/local insurance), ESSALAMA (local sales insurance), and CAME X (multi-risk export). Financing solutions include Dhamen Finance (pre-export financing guarantee) and buyer credit insurance. Guarantee products cover export bonds (Assurance Caution Export), customs bonds (Assurance Cautionnement), and investment insurance. Collection assistance and simplified credit products serve SME segments. All products integrate with state guarantee funds (FGRE) for enhanced coverage.

Differentiator

Problem solved

Functional benefit

Brands

• Tasdir: Export credit insurance product covering commercial and political risks for regular B2B exporters.
• Mabi3ati
• Essalama
• Camex
• Dhamen Finance
• Assurance Caution Export
• Assurance Cautionnement
• Assurance Credit Simplifiee (ACS)
• Assurance Credit Acheteur
• Assurance des Lettres de Credits (L/C)
• Assurance Individuelle
• Assistance au Recouvrement

Products and services

• TASDIR Export credit insurance product for Tunisian exporting companies, covering commercial risks such as buyer bankruptcy, judicial restructuring, liquidation, and default, as well as political risks including war, riots, and transfer restrictions in destination markets.
• MABI3ATI Combined export and local sales credit insurance product that protects Tunisian businesses against commercial and political risks on both export and domestic B2B transactions under a single contract, intended for regular B2B sellers.
• ESSALAMA Local sales credit insurance product that protects Tunisian companies against commercial payment defaults arising from domestic B2B clients.
• CAME X Multi-risk export insurance product for exporting SMEs combining commercial risks, political risks, and market interruption risk coverage, paired with the Dhamen Finance pre-financing guarantee.
• Dhamen Finance Export pre-financing guarantee product that enables banks to provide credit to exporting companies during the production phase by covering the non-performance risk on the pre-shipment loan.
• Assurance Caution Export Export guarantee insurance that facilitates the issuance of bonds and guarantees required under export contracts, securing market completion for goods and/or services.
• Assurance Cautionnement Customs guarantee insurance that simplifies customs administrative procedures by substituting COTUNACE's coverage for the 5% bank guarantee normally required by Tunisian customs for temporary admission or industrial warehouse regimes.
• Assistance au Recouvrement Debt collection assistance service for unpaid receivables in Tunisia and internationally, offering amicable and judicial recovery; available both to COTUNACE-insured companies and to non-insured Tunisian companies.
• Assurance Individuelle Individual credit insurance for single export transactions of goods or services, covering commercial and political risks and providing advisory services during contract negotiations.
• Assurance Credit Acheteur Buyer credit insurance product for banks that finance foreign buyers of Tunisian goods and services, guaranteeing repayment of the credit facility up to 90% of losses.
• Assurance des Lettres de Crédits (L/C) Letter of credit insurance product for banks confirming export-related documentary credits, covering commercial and political risks of the issuing bank up to 90% of losses.
• Assurance Credit Simplifiée (ACS) Simplified credit insurance designed for SME exporters with regular business flow, featuring annual fixed premiums and 85% indemnification.
• Assurance des Investissements Investment insurance product that protects Tunisian companies against political risks when investing or implanting operations abroad, covering confiscation, expropriation, transfer restrictions, war, and host-government contract breach.

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered major, core and minor.

• TABC (Tunisia Africa Business Council)majorGTM or Marketing Partner · 24 June 2026Joint workshop organization to present export credit mechanisms and support Tunisian exporters, particularly for the African market representing 54% of COTUNACE's insured exports.
• COMAR (Compagnie Mutuelle d'Assurances et de Réassurances)majorChannel Partner/ Reseller/ Distributor · 1 January 2026Training partnership to enable COMAR's general agents to master credit insurance mechanisms and serve Tunisian companies operating in local or international markets.
• Saudi Exim BankcoreStrategic or Co-development Partner · 5 November 2025Partnership convention signed to develop cooperation and relations between the two institutions to promote trade between Tunisia and Saudi Arabia. Covers export insurance cooperation and exchange of information and expertise.
• CEPEX (Centre de Promotion des Exportations)coreStrategic or Co-development Partner · 27 October 2023Privileged partnership convention signed with CEPEX to create complementarity between services and better serve Tunisian exporters. Joint participation in export matinals and regional events to support companies in developing exports to traditional markets and sub-Saharan Africa.
• Aman UnioncoreStrategic or Co-development Partner · 1 January 2009Founding member since 2009. Arab and Islamic credit insurers union that develops credit insurance and investment guarantees through information exchange, experience sharing, and technical assistance.
• FTUSA (Fédération Tunisienne des Sociétés d'Assurances)minorOthersCOTUNACE PDG serves on FTUSA's Direction Committee. Joint RSE initiatives including school infrastructure funding.

Scale indicators12 records

Recent moves6 records

Direct peers

• CESCE (Compañía Española de Seguros de Créditos a la Exportación): Spain's state-affiliated export credit insurer offering political risk, commercial credit, and surety products. Closely comparable business model — government-backed specialty export credit insurer — and shared membership in the Bern Union.
• Atradius: Major Dutch-headquartered credit insurance, debt collection, and surety provider. Direct competitor across credit insurance product lines with significant presence in Europe and export markets.
• DHAMAN (Arab Investment & Export Credit Guarantee Corporation): Multilateral Arab investment and export credit guarantee company based in Kuwait. Direct peer in Arab/Islamic credit insurance; also a strategic partner and shareholder of COTUNACE since 2009.
• Coface: Leading global credit insurer specializing in trade credit insurance, bonding, and business information. Direct competitor in the same product category, with broader geographic reach and similar historically state-affiliated pedigree.
• Euler Hermes / Allianz Trade: World's largest credit insurance provider, offering trade credit, political risk, and surety insurance globally. Directly comparable to COTUNACE in product offering but at vastly larger scale and with private-capital backing.

Broad incumbents

• SERV (Swiss Export Risk Insurance): Swiss federal export credit insurer covering political and commercial risks for Swiss exporters. Closely analogous state-owned export credit insurance model with similar scope of coverage.
• EKN (Exportkreditnämnden, Sweden): Swedish state export credit agency providing political risk insurance and guarantees for Swedish exporters. Comparable mandate structure as a government-backed specialty credit insurer.
• SACE (Italy's export credit agency): Italian state export credit agency providing political risk, commercial credit, and surety insurance for Italian exporters. Comparable state-mandated business model focused on supporting national export competitiveness.
• UK Export Finance (UKEF): UK's official export credit agency underwriting political and commercial risks for UK exporters. Comparable state-owned export credit mandate, though it also issues direct loans.

Emerging players

• ECGC (Export Credit Guarantee Corporation of India): Indian government-owned export credit insurance provider for exporters and banks. Comparable state-owned national credit insurer model in an emerging-market context with similar product set (export credit, guarantees, bank cover).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Cotunace