The Algerian insurance market grew by 8.8% in 2025 to reach a record gross premiums of DZD200.5bn ($1.5bn), including international acceptances, compared to DZD184.3bn in the preceding year, whereas paid claims increased by 7.9% year on year.
Underpricing constitutes a dangerous threat to insurers despite it being treated as a short-term competitive tool, according to Mr Hassen Khelifati, CEO of Alliance Assurances and First Vice President of the Algerian Union of Insurance and Reinsurance Companies.
The National Agricultural Mutual Fund (CNMA) has developed a new insurance scheme for agricultural activity, dedicated to covering major risks related to climate change, mainly drought, said CNMA Director General Cherif Benhabiles, specifying that this programme is designed to cover, in its first phase, the cereal sector.
The CEO and Chairman of Alliance Assurances has proposed that mandatory insurance requirements be extended from Nat CAT to fire, liability and transport.
Generale Assurance Mediterraneenne (GAM) has launched Takafulia Li Taaminat, a new commercial identity for its takaful window.
Insurance professionals are optimistic that proposed amendments to Algeria's insurance law would promote the development of the industry as the legislation moves closer to enactment. The draft Bill was recently returned, after revision, for review by the Head of State.
The agricultural sector in Algeria is currently working to expand agricultural insurance coverage to include the various natural disasters resulting from climate change, the Minister of Agriculture, Rural Development and Fisheries, Yacine El-Mahdi Oualid, said.
The Algerian Union of Insurance and Reinsurance Companies (UAR) has launched a hub for innovation and artificial intelligence (AI) on 8 January 2026.
Gross written premiums in the Algerian insurance market grew to DZD143bn ($1.1bn) in the first nine months of 2025 (9M2025), registering a growth of 7.3% compared to the corresponding period of the past year, according to a recent report issued by the National Insurance Council (CNA).
The National Insurance Council (CNA) has implemented a risk guide to combat ill-gotten gains and money laundering attempts.