Covid-19: Algeria seeks a coverage system

Covid-19The Algerian Union of Insurance and Reinsurance Companies (UAR) has created a think tank to establish an exceptional system of health risks coverage.

According to Youcef Benmicia, President of the UAR, Algerian insurance companies cannot face alone the consequences of a pandemic. Upon this premise, the UAR is considering insurance and reinsurance mechanisms to provide solutions for the consequences of crises such as Covid-19. For the UAR, any solution requires the intervention of the State.

Experts might be inspired by the system set up a while ago to cover natural disasters in Algeria.

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