SAA, towards a portfolio expansion

The Société Algérienne des Assurances (SAA) is planning to expand its portfolio. The company, whose main income stems from the motor insurance, will initiate in 2016 an action plan which should last until 2018.

The proposed measures aim to diversify the sources of business with a particular redeployment in some classes of business including marine, engineering, construction, agricultural and fish farming risks as well as industrial risks. A large company's network modernization program is expected to improve its performances and the quality of its services.

Being the first company of the Algerian market in terms of turnover, SAA closed the year 2014 with a written premium volume of 26.58 billion DZD (304 million USD).