Read the latest edition of AIR and MEIR as an Interactive e-book

May 2023

Market Profile


Thriving life business helps to lift Algerian insurance market

Algeria’s small but dynamic life insurance sector has far outperformed the non-life segment in terms of top line growth in every quarter of 2022, helping to lift the overall market performance with a full year 6% increase in written premiums to $1.2bn.

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Broader horizons ahead for L&H market in Algeria

Life and health insurance along with personal lines offerings have been registering notable growth rates in the past decade and have promising prospects ahead in Algeria, says L’Algerienne Vie’s Mr Ammar Meslouh.

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Opportunities for Algerian insurers despite stiff competition

General insurers in Algeria have been impacted by price wars and the suspension of motor vehicle imports. However, there are also many opportunities for growth in motor and other lines of business. Middle East Insurance Review spoke to CASH Assurances’ Mrs Daouia Nedil for insights.

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Staying relevant in a disruptive environment

The Algerian reinsurance market recorded a 2.3% increase in turnover from DZD6.66bn ($49m) in 2021 to DZD6.81bn in 2022. We spoke to Compagnie Centrale de Réassurance’s Mr Abdallah Benseidi about the current state of the industry and prospects for the future.

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