Algerian insurance market: 2023's turnover per class of business
En milliers
| Class of business | 2023 turnover (1) | 2022 turnover | 2022-2023 evolution (2) | 2023 shares | ||
|---|---|---|---|---|---|---|
| En DZD | En USD | En DZD | En USD | |||
| Non-life insurance | ||||||
| Motor | 65 806 920 | 488 287 | 64 779 868 | 470 302 | 1.59% | 40.61% |
| Property damage (3) | 64 887 788 | 481 468 | 63 257 662 | 459 251 | 2.58% | 40.05% |
| Marine | 8 325 366 | 61 774 | 7 266 855 | 52 757 | 14.57% | 5.14% |
| Credit | 3 191 248 | 23 679 | 2 842 379 | 20 636 | 12.27% | 1.97% |
| Agricultural risks | 1 993 472 | 14 792 | 2 433 939 | 17 670 | -18.10% | 1.23% |
| Total non-life | 144 204 794 | 1 070 000 | 140 580 703 | 1 020 616 | 2.58% | 89.00% |
| Life insurance | ||||||
| Life-Death | 7 256 091 | 53 840 | 6 745 937 | 48 975 | 7.56% | 4.48% |
| Group benefits | 6 460 037 | 47 933 | 6 005 619 | 43 601 | 7.57% | 3.99% |
| Assistance | 2 061 002 | 15 293 | 1 771 358 | 12 860 | 16.35% | 1.27% |
| Accident | 1 756 587 | 13 034 | 1 867 464 | 13 558 | -5.94% | 1.08% |
| Health | 77 798 | 577 | 63 377 | 460 | 22.75% | 0.05% |
| Capitalization | 6 046 | 45 | - | - | - | - |
| Total life | 17 617 561 | 130 722 | 16 453 755 | 119 454 | 7.07% | 10.87% |
| Takaful insurance | ||||||
| General Takaful | 129 642 | 962 | 48 471 | 352 | 167.46% | 0.08% |
| Family Takaful | 85 179 | 632 | - | - | - | 0.05% |
| Takaful total | 214 821 | 1 594 | 48 471 | 352 | 343.19% | 0.13% |
| Grand total (4) | 162 037 176 | 1 202 316 | 157 082 929 | 1 140 422 | 3.15% | 100% |
(1) Provisional figures for 2023
(2) Growth rate in local currency
(3) including fire, natural disasters, civil liability, financial losses, legal protection and other property damage
(4) Excluding acceptances
Taux de change as at 31/12/2023 : 1 DZD = 0.00742 USD ; as at 31/12/2022 : 1 DZD = 0.00726 USD
Read also | Insurance companies in Algeria
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