Algeria's proposed new insurance law, currently being finalised, is expected to inject new momentum into the sector, according to the Delegate General of the Union of Insurance and Reinsurance Companies (UAR), Mr Abdelhakim Berrah.
Alliance Assurances officially launched a securities operation on the Algiers Stock Exchange on 2 December, beginning a trading period to allow shareholders to manage "fractional shares" that resulted from a recent bonus issue of shares.
Algerian Gulf Life Insurance Company (AGLIC) has announced the appointment of Mr Samy Touhouche as CEO.
The Central Reinsurance Company (CCR) has announced an increase of its share capital to DZD40bn ($308m) from DZD30bn.
The Algerian Union of Insurance and Reinsurance (UAR) has launched an artificial intelligence (AI) hub specialising in digital innovation and strengthening analytical capabilities in the sector. The initiative was announced by UAR General Delegate Abdelhakim Berrah.
Société Nationale d'Assurance (SAA), the biggest insurer in Algeria, has a track record of adequate operating performance, with a five-year weighted average return on equity of 6.6%, as calculated by AM Best.
The Algerian insurance market recorded a significant increase of 8.1% in revenue in the first half of 2025, reaching DZD99.3bn ($767.0m), including international acceptances, according to data from the National Insurance Council (CNA).
The Algerian Union of Insurance Brokers (UACA) has set out four strategic directions to modernise the brokerage sector.
Algiers-headquartered national insurer, Central Reinsurance Company (CCR), increased its GWP to DZD50.05bn ($369m) in 2024, 7.5% higher than the DZD46.55bn in 2023, according to financial data released by the company.
The growing importance of actuarial sciences is steering insurance markets in the region to nurture actuarial talent, especially with the lack of sufficient capacity in the field, said speakers at the Arab Actuarial Conference 2025, held in Algeria last week.