Market turnover rose by 4% in 2010

According to preliminary indications, the market turnover rose by 4% in 2010 (GAM and MAATEC excluded). The premiums collected amounted to 80.7 billion DZD (1.106 billion) compared to 77.6 billion DZD (1.101 billion USD) in 2009. The highest increases were achieved in life insurance +26% at 90 million USD and in motor +12.1%. The latter accounts for nearly 50% of the overall market turnover. Non life insurance was down by 7.7% at 336 million USD. The sector is still dominated by state owned insurance companies which hold 75% of the market.

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