Protection for directors of state-owned enterprises, the lack of international reinsurance coverage in major construction projects, and coverage for cyber attacks were three main issues raised at the Partner's Day 2026 conference organised by state-owned Compagnie Algérienne des Assurances (CAAT) on 12 May.
Cash Assurances and the National Savings and Provident Fund-Bank (CNEP-Banque) are strengthening their strategic partnership by expanding the marketing of their Nat CAT and multi-risk home insurance products nationwide, following a pilot scheme.
The Algerian insurance market's potential is around $7-8bn, far more than the "psychological threshold" of DZD200bn ($1.5bn) crossed in 2025, according to Mr Hassan Khelifati, Vice President of the Algerian Union of Insurance and Reinsurance Companies (UAR).
New estimates by the United Nations Development Programme (UNDP) suggest the military escalation in the Middle East may cost economies in the region from 3.7 to 6.0 % of their collective Gross Domestic Product.
The impact of the Middle East war on Algeria's insurance industry is "Indirect but nonetheless significant", according to the CEO of Société Nationale d'Assurance (SAA, or National Insurance Co) Youcef Benmicia.
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.