Improving the timid growth of Nat CAT coverage
Source: Middle East Insurance Review | Jun 2022
Algeria struggles to encourage take up of Nat CAT insurance despite compulsory requirements to do so. Only 12% of real estate held by individuals is insured against catastrophes and a similar trend is seen among traders and enterprises in the country. We spoke to Compagnie Centrale de Reassurance’s Mr Hadj Mohamed Seba about how this impacts the reinsurance industry.
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