Algeria: Takaful business surges in 1Q2026
Source: Middle East Insurance Review | Aug 2026
Takaful contributions in the Algerian market jumped by 53% in 1Q2026 to DZD358.3m ($2.7m), compared to 1Q2025, according to data from the National Insurance Council (CNA).
International reinsurance acceptances grew by 26.1% year on year to reach a revenue of DZD4.6bn.
In contrast to the two segments, the market as a whole saw flat growth as it reported a total revenue of DZD57.3bn in the first quarter of this year, rising marginally by 0.2%, compared to 1Q2025.
Islamic insurance is gradually establishing itself as one of the few dynamic segments of the Algerian market. Officially introduced in 2021 following the publication of the executive decree regulating the sector, takaful is attracting clients who were previously hesitant about conventional insurance products, particularly in rural areas and among professionals.
The parallel development of Islamic banking and the proliferation of dedicated counters in public institutions are fuelling the demand for compatible insurance coverage from full-fledged takaful operators and Islamic windows of conventional insurers. M