Mr Hassen Khelifati, CEO of Alliance Assurances, is proposing a new system to encourage Algerians to insure themselves against natural disasters, such as fires, earthquakes or floods.
Mr Lebbou Mohammed Lamine was appointed Minister of Finance, following a partial cabinet reshuffle carried out on 1 September 2026 by the President Abdelmadjid Tebboune.
Agricultural insurance is emerging as an engine of growth for the national market, promoting diversification, investments, and essential coverage against climate risks.
Natural catastrophe insurance premium rates have been revised in Algeria following the issuance of a new decree by the Ministry of Finance, that was published in the Official Gazette.
State-owned Compagnie Algerienne des Assurances (CAAT or Algerian Insurance Company) closed the 2025 financial year with a net profit of DZD1.12bn ($8.4m).
State-controlled Société Nationale d'Assurance (SAA), Algeria's biggest insurer, has increased its share capital to DZD40bn ($301m) from DZD35bn, representing an increase of 25%.
The insurance sector in Algeria reported a total revenue of DZD57.3bn ($430m) in the first quarter of this year, rising marginally by 0.2%, compared to 1Q2025, according to data from the National Insurance Council (CNA).
The state-owned Caisse Nationale de Mutualite Agricole (CNMA, National Agricultural Mutual Fund) has posted positive financial results for 2025, with an improvement in the performance of its various insurance branches.
Alliance Assurances has started a takaful insurance window called "Alliance Takaful" to support Islamic finance development and the public authorities' goal of promoting an inclusive financial industry.
The United Nations Development Programme (UNDP) and the Algerian Institute of Higher Financial Studies (IAHEF) have signed a memorandum of understanding aimed at strengthening national capacities in the field of inclusive insurance in Algeria.