Algerian insurance market: ranking of insurers in 2019
In thousands
| Rank | Companies | Turnover 2019 | Turnover 2018 | 2018-2019 evolution (1) | 2019 shares | ||
|---|---|---|---|---|---|---|---|
| DZD | USD | DZD | USD | ||||
| Non life insurance companies | |||||||
| 1 | SAA | 29 117 000 | 243 418 | 27 679 000 | 231 673 | 5.20% | 20.16% |
| 2 | CAAT | 24 589 000 | 205 564 | 24 126 000 | 201 935 | 1.92% | 17.02% |
| 3 | CAAR | 15 365 000 | 128 452 | 15 195 000 | 127 182 | 1.12% | 10.64% |
| 4 | CNMA | 14 312 000 | 119 648 | 14 025 000 | 117 389 | 2.05% | 9.91% |
| 5 | CASH Assurances | 12 676 000 | 105 971 | 9 499 000 | 79 507 | 33.45% | 8.78% |
| 6 | CIAR | 9 866 000 | 82 480 | 10 099 000 | 84 529 | -2.31% | 6.83% |
| 7 | Salama Assurances | 5 377 000 | 44 952 | 5 158 000 | 43 172 | 4.25% | 3.72% |
| 8 | Alliance Assurances | 5 201 000 | 43 480 | 5 002 000 | 41 867 | 3.98% | 3.60% |
| 9 | Trust Algérie | 4 040 000 | 33 774 | 3 547 000 | 29 688 | 13.90% | 2.80% |
| 10 | 2A | 3 877 000 | 32 412 | 3 849 000 | 32 216 | 0.73% | 2.68% |
| 11 | GAM | 3 803 000 | 31 793 | 3 859 000 | 32 300 | -1.45% | 2.63% |
| 12 | AXA Assurances Algérie Dommage | 2 616 000 | 21 870 | 2 967 000 | 24 834 | -11.83% | 1.81% |
| Total non-life companies | 130 839 000 | 1 093 814 | 125 005 000 | 1 046 292 | 4.67% | 90.58% | |
| Life insurance companies | |||||||
| 1 | Cardif El Djazair | 2 742 000 | 22 923 | 2 604 000 | 21 796 | 5.30% | 1.90% |
| 2 | AXA Assurances Algérie Vie | 2 254 000 | 18 843 | 2 046 000 | 17 125 | 10.17% | 1.56% |
| 3 | SAPS | 1 947 000 | 16 277 | 2 066 000 | 17 292 | -5.76% | 1.35% |
| 4 | Caarama Assurance | 1 869 000 | 15 625 | 1 695 000 | 14 187 | 10.27% | 1.29% |
| 5 | AGLIC | 1 675 000 | 14 003 | 1 302 000 | 10 898 | 28.65% | 1.16% |
| 6 | Macir Vie | 1 541 000 | 12 883 | 1 413 000 | 11 827 | 9.06% | 1.07% |
| 7 | TALA | 1 117 000 | 9 338 | 1 119 000 | 9 366 | -0.18% | 0.77% |
| 8 | Le Mutualiste | 467 000 | 3 904 | 482 000 | 4 034 | -3.11% | 0.32% |
| Total life companies | 13 612 000 | 113 796 | 12 727 000 | 106 525 | 6.95% | 9.42% | |
| Grand total | 144 451 000 | 1 207 610 | 137 732 000 | 1 152 817 | 4.88% | 100% | |
(1) Growth rate in local currency
Exchange rate as at 31/12/2018 : 1 DZD = 0.00837 USD
Exchange rate as at 31/12/2019 : 1 DZD = 0.00836 USD
Source : Ministry of finance, general directorate of treasury, insurance department
Read also | Algerian insurance market
