Improving the Role of Eximbanks/ECAs in the OIC Member States
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Tunisia
Tunisian Foreign Trade Insurance Company (COTUNACE)
Name of Entity: Tunisian Foreign Trade Insurance Company (COTUNACE)
Status: Private and Government Ownership (Government
of Tunisia, 32.46%; Arab Investment and Export Credit
Guarantee Corporate in Kuwait/ DHAMAN, 23.18%; Banks,
21.32%; Insurance & Reinsurance Companies, 23.04%)
Corporate Form: Public Company
Year of Establishment:
1984
Capital: N/A Size of staff: N/A
Financial outturn: net income
2011 2012
DT Th 896 1,119
USD th 664 829
Assets: N/A
Product Offerings
Financing: None
Guarantee: None
Insurance
 Export Risk Guarantee Fund: Covers non-commercial risks and extraordinary commercial risks (including
natural disasters and political risks) which are difficult to insure in the private market, beyond the capacity of
COTUNACE and concern transactions of national interest.
 DHAMEN Finance Guarantee Fund: DHAMEN is a guarantee fund under the Export Development Program, which
was jointly established by the Tunisian Government and the World Bank and promotes pre-shipment export
funds for SMEs through financial institutions.
 Standard Commercial Credit Insurance: Covers non-payment losses due to commercial risk although there is
possibility of extending coverage to non-commercial risks. Multiple Risk Export Insurance Contract:
 Provides protection against non-payment and loss of market and also provides financing for the export.
 Simplified Credit Insurance (SCI) for SMEs: Covers exports of goods or services on private purchasers payable
with a credit not exceeding 180 days from exporters with an annual turnover not exceeding 400 thousands TD. It
covers only commercial risks (insolvency by law or fact and outright refusal to pay the claim to the exporter).
 Deposit Insurance: Designed partially for exporting companies operating under temporary admission or bonded
plant regimes. It includes the delivery by COTUNACE to the customs of a permanent and comprehensive surety
bond covering all the liabilities of these companies to the Customs.
Bonding Facilities: None Advisory and Other Services: None Islamic Finance Instruments: None
Business Volumes:
USD
Mn
Year
ST Export Credit
Insurance
657 2013
Domestic Credit
Insurance
363 2012
Source: Aman Union Performance Analysis
Report 2013 and Aman Union Performance
Report 2012
Products Exported (2013)
HS Code Description Value (USD Mn) %
84-85 Mach/Elec 4,465 26.6%
50-63 Textiles, Clothing 4,052 24.2%
27 Oil & Gas 2,772 16.5%
Others 5,478 32.7%
Total 16,767 100.0%
Source: UN Comtrade
Top 3 Destinations (2013)
Order Country Value (USD Mn) %
1 France 4,968 29.6%
2 Italy 3,052 18.2%
3 Germany 1,983 11.8%
Others 6,764 40.3%
Total 16,767 100.0%
Source: UN Comtrade