{"id":138723,"date":"2025-09-10T10:39:59","date_gmt":"2025-09-10T08:39:59","guid":{"rendered":"https:\/\/lexpertjournal.net\/fr\/?p=138723"},"modified":"2025-09-10T10:39:59","modified_gmt":"2025-09-10T08:39:59","slug":"star-une-solidite-financiere-confirmee-malgre-la-pression-des-charges-techniques","status":"publish","type":"post","link":"https:\/\/lexpertjournal.net\/fr\/?p=138723","title":{"rendered":"STAR : Une solidit\u00e9 financi\u00e8re confirm\u00e9e malgr\u00e9 la pression des charges techniques"},"content":{"rendered":"<p><strong>Croissance des primes et consolidation du portefeuille<\/strong><br \/>\nAu premier semestre 2025, STAR affiche un chiffre de primes nettes acquises de 164 MD, en progression par rapport \u00e0 juin 2024 (156 MD). Cette croissance traduit le dynamisme commercial de la compagnie et le renforcement de son portefeuille, notamment en assurance non-vie, dont le r\u00e9sultat technique ressort b\u00e9n\u00e9ficiaire \u00e0 pr\u00e8s de 0,9 MD, contre une perte<br \/>\n.<br \/>\nEn assurance-vie, les primes \u00e9mises atteignent 30 MD, \u00e9galement en hausse, confirmant l\u2019int\u00e9r\u00eat croissant des assur\u00e9s pour ce segment<br \/>\n.<br \/>\nRentabilit\u00e9 technique sous contrainte<br \/>\nSi l\u2019activit\u00e9 progresse, la rentabilit\u00e9 reste p\u00e9nalis\u00e9e par la charge de sinistres \u00e9lev\u00e9e. Sur le non-vie, les indemnisations pay\u00e9es et provisions atteignent 148 MD, absorbant une grande partie des primes encaiss\u00e9es. Le ratio sinistres\/primes demeure donc tendu, ce qui refl\u00e8te la pression concurrentielle et la sinistralit\u00e9 du march\u00e9 tunisien<br \/>\nEn vie, les prestations s\u2019\u00e9l\u00e8vent \u00e0 8 MD, un niveau relativement ma\u00eetris\u00e9, mais les provisions<\/p>\n<p><strong>Contribution des placements<\/strong><br \/>\nLes revenus financiers constituent un levier essentiel. Les produits des placements allou\u00e9s atteignent 39,7 MD (contre 33,6 MD au 30 juin 2024). Ce r\u00e9sultat t\u00e9moigne d\u2019une bonne allocation d\u2019actifs, principalement en obligations et instruments de taux, qui amortissent<br \/>\n.<br \/>\nR\u00e9sultat et fonds propres<br \/>\nAu terme du semestre, la STAR enregistre un r\u00e9sultat net de 21,3 MD, en nette am\u00e9lioration par rapport \u00e0 juin 2024 (14,7 MD). Les fonds propres consolid\u00e9s d\u00e9passent 431 MD, confirmant la robustesse bilancielle de la compagnie et sa capacit\u00e9 \u00e0 absorber les chocs<\/p>\n<p>Cette solidit\u00e9 est \u00e9galement visible dans la structure des placements : plus de 1,1 milliard de dinars investis, dont une large part en obligations et en participations strat\u00e9giques. Ce socle renforce la stabilit\u00e9 de l\u2019entreprise et s\u00e9curise sa marge de solvabilit\u00e9<\/p>\n<p><strong>Enjeux et perspectives<\/strong><br \/>\nMalgr\u00e9 des r\u00e9sultats satisfaisants, plusieurs d\u00e9fis persistent :<br \/>\n\u2022 Sinistralit\u00e9 persistante : le poids des indemnisations sur le non-vie continue de rogner la rentabilit\u00e9 technique.<br \/>\n\u2022 Pression r\u00e9glementaire : les exigences de solvabilit\u00e9 imposent une gestion plus rigoureuse des risques et un renforcement des fonds propres.<br \/>\n\u2022 Concurrence accrue : la multiplication des acteurs et la guerre tarifaire sur certains segments limitent la capacit\u00e9 de revalorisation des primes.<br \/>\nToutefois, la bonne performance financi\u00e8re et la ma\u00eetrise des placements laissent entrevoir une poursuite de l\u2019am\u00e9lioration en 2025, \u00e0 condition que la gestion des sinistres soit mieux contenue.<br \/>\nLa STAR affiche un semestre 2025 solide, marqu\u00e9 par une progression des primes, une nette am\u00e9lioration du r\u00e9sultat net et un renforcement de ses fonds propres. La compagnie reste n\u00e9anmoins confront\u00e9e \u00e0 la pression structurelle des charges de sinistres, qui demeure son principal d\u00e9fi strat\u00e9gique.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Croissance des primes et consolidation du portefeuille Au premier semestre 2025, STAR affiche un chiffre de primes nettes acquises de 164 MD, en progression par rapport \u00e0 juin 2024 (156 MD). Cette croissance traduit le dynamisme commercial de la compagnie et le renforcement de son portefeuille, notamment en assurance non-vie, dont le r\u00e9sultat technique ressort [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":138724,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29,28],"tags":[],"class_list":["post-138723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualites","category-economie"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>STAR : Une solidit\u00e9 financi\u00e8re confirm\u00e9e malgr\u00e9 la pression des charges techniques - L&#039;expert Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lexpertjournal.net\/fr\/?p=138723\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STAR : Une solidit\u00e9 financi\u00e8re confirm\u00e9e malgr\u00e9 la pression des charges techniques\" \/>\n<meta property=\"og:description\" content=\"Croissance des primes et consolidation du portefeuille Au premier semestre 2025, STAR affiche un chiffre de primes nettes acquises de 164 MD, en progression par rapport \u00e0 juin 2024 (156 MD). 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