The Commercial Director of Tunisia's Export Insurance Company (COTUNACE), Nizar Balzi, announced that the company has provided 7.2 million dinars in compensation during 2025. This amount includes both local market and export-related compensation. COTUNACE has been operating for nearly 40 years, providing insurance and guarantees to exporting companies to help mitigate risks associated with commercial transactions.
According to Balzi, COTUNACE's total compensation over the past 40 years has reached approximately 210 million dinars, with an average annual compensation of around 5.5 million dinars. The company's primary role is to support and develop Tunisian trade by providing insurance and guarantee mechanisms to exporting companies. This enables them to limit risks associated with commercial transactions and ensure business continuity.
COTUNACE's intervention begins before concluding a commercial agreement, by studying the potential customer's situation and verifying their ability to fulfill their obligations. The company also examines the country's, sector's, and economic conditions surrounding the commercial operation. This thorough analysis helps COTUNACE to assess potential risks and provide suitable insurance coverage.
In the event that an exporting company is unable to recover its receivables, COTUNACE intervenes according to available mechanisms and guarantees to mitigate risks and help the company continue its activities. The company's support is crucial for Tunisian businesses, particularly those operating in international markets. By providing insurance coverage, COTUNACE enables companies to focus on their core activities while minimizing potential losses.
The company's efforts are not limited to providing insurance coverage; COTUNACE also works closely with exporting companies to help them navigate the complexities of international trade. This includes providing guidance on market analysis, customer evaluation, and risk management. By doing so, COTUNACE aims to promote Tunisian exports and support the country's economic growth.
A recent seminar organized in Sfax highlighted the importance of COTUNACE's services, particularly in the area of export receivables insurance. The event brought together exporting companies and industry experts to discuss the challenges and opportunities associated with international trade. Participants emphasized the need for closer collaboration between COTUNACE and exporting companies to promote mutual growth and development.
The seminar also underscored the significance of COTUNACE's role in supporting Tunisian businesses, particularly those seeking to expand into new markets. By providing insurance coverage and guidance, COTUNACE helps companies to mitigate risks and capitalize on emerging opportunities. As Tunisia continues to strengthen its economic ties with other countries, COTUNACE's services are expected to play an increasingly important role in promoting the country's exports.
Key points
- COTUNACE provides insurance coverage to exporting companies to mitigate risks associated with commercial transactions.
- The company has provided 7.2 million dinars in compensation during 2025.
- COTUNACE has been operating for nearly 40 years, providing insurance and guarantees to exporting companies.
