The Management Committee is responsible for:
– Deciding on the orientations and strategic choices of the company,
– Reviewing the development plans,
– Periodically reviewing the work of ad hoc committees,
– Examine the budget and submit it to the Board of Directors for approval,
– Examine the balance sheet accounts and the annexed accounts and submit them to the Board of Directors for approval,
– Ensuring the implementation of organizational and management systems to support optimized management of the company,
– Developping a synergy of collaboration between the Departments to allow greater efficiency in terms of management,
– Ordering the creation of Ad-Hoc Committees in charge of on-off issues.
- The President : Mr Slah Kanoun
- The CEO : Mrs Lamia Ben Mahmoud
Tunis Re’s Board of Directors determines the guidelines of the company’s activity, oversees their implementation, monitors the treaty renewal campaign as well as the company’s development plan, approves the financial statements to be certified by the auditor and approves the organization of the company.
Members of the Board of Directors
| Administrators | Representatives |
|---|---|
| The Tunisian State | Mr. Lotfi Fkih Zguir |
| BNA | Mr. Sami Akremi |
| STAR | Mr. Hassen Feki |
| COMAR | Mr. Khalil Ben Yedder |
| BH Assurance | Mr. Sami Banaoues |
| STB | Mr. Nabil Frini |
| SIMPAR | Mrs Souad Mensi Chikhoui |
| MAE | Mr. Lassad Zarrouk |
| Small Shareholders | Mrs Nejla Moalla Harrouch |
| Independent Members | Mrs Asma Medhioub |
| Mrs Meriam Zine |
The Permanent Audit Committee
This committee consists of three members from the Board of Directors with solid experiences and high-level competence in the financial and insurance business.
It is currently chaired by an independent member: Mrs. Asma Madhioub.The committee has the following main duties:
- Accounting mission: including in particular the analysis of periodic financial documents, the examination of the relevance of the choices and the proper application of accounting methods, the examination of the accounting treatment of any significant transaction, the management of the selection of the statutory auditor , the control of any accounting and financial information before it is made public.
- Internal control missions: it is up to the Audit Committee to ensure the implementation of an efficient internal control system likely to promote efficiency, effectiveness, protection of the company’s assets, reliability of financial information and compliance with legal and regulatory provisions.
The Risk & Compliance & Committee
The Risk and Compliance Committee is chaired by an independent member: Mrs. Meriem Zine
This committee examines the Enterprise Risk Management policy within the entity and is in charge of:
- Monitoring the risk management activities within the entity,
- Developping best practices in risk management,
- Reviewing the risk management reports,
- Monitoring and reviewing the system in place.
The Financial Steering Committee
The mission of the financial steering committee is to determine the general investment policy and to ensure the efficient and prudent management of investments in line with the company’s commitments while respecting the criteria of profitability, security and liquidity.
The tenders Commission
The Tenders Commission: This commission monitors and ensures the proper application of procurement procedures and ensures compliance with transparency, the call for competition and equal opportunities.
Appointments and Remuneration Committee
The purpose of this committee is to set the remuneration, appointment, recruitment and succession policy for Tunis Re’s executives.
External Audit
The authorised financial statements are subject to an external audit carried out by the auditor for the treaty business and by the Sharia Supervisor for the takaful business.
The information system is periodically subject to an in-depth review by an external firm.
The Managing Director of Tunis Re is assisted, within the framework of his duty of determining and implementing the orientations of the company’s activity, by internal committees, which are mainly:
The Underwriting Committee is responsible for:
– Defining and deciding on the underwriting and retrocession policy,
– Availing all the appropriate means to achieve the development goals and regularly evaluating them and thus taking the necessary corrective measures,
– Updating the underwriting guidelines,
– Mettre à jour le guide de souscription,
– Evaluating the achievements with regards to the goals, steering the renewal campaign of both acceptances and retrocession and to establishing the list of securities.
The Recovery Committee is responsible for:
– Deciding on the policy of the Regulations,
– Ensuring the follow-up of recovery actions,
– Examine the financial statements for each partner as established by the Technical accounts and Retrocession Departments,
– Reviewing individually the cases of partners that experience difficulties,
– Investigating the possible actions to be performed
The IT Committee is responsible for:
– Developping and up-dating the projects of the IT plan
– Ensuring the execution of the IT Master Plan,
– Monitoring the implementation of the IT projects,
– issuing a consultative opinion on the draft IT Budget,
– Considering any question relating to IT.
The Compliance Committee is primarily responsible for:
– Identifying and assessing the risks of non-compliance, by the Company, with the internal and external laws and regulations in force,
– Ensuring the compliance with the rules of good conduct and ethics of the profession,
– Providing proposals and measures to face the risks of non-compliance,
– Reviewing the transactions processed by the company and reporting suspicious transactions to the CTAF in the context of money laundering and to the national authority to fight against the financing of terrorism and proliferation of weapons,
–Reporting, periodically, its activities to the Risk and Compliance Committee and to the Board of Directors.