The Algerian insurance market

Photo credit: US Gov / CIA World Factbook

Insurance market features

Regulatory authority: Ministry of Finance General Management of Treasury / Insurance Management
Written premiums (2003):
445 millions USD
Insurance density (2003): 13.8 USD
Penetration rate (2003): 0.67%

Market structure

(as at 30-06-2004)

Company type		Number
State companie	Reinsurance	1
	Insurance	3
	Specialized insurance	4
Specialized mutuals		2
Private companies		6
Total		16

Identity

Area: 2 381 740 Km²
Population (2003): 32 277 942 inhabitants
GDP (2003): 66 billion USD
GDP per capita (2003):
2 045 USD
GDP growth rate (2003): 6.8 %
Inflation rate (2003): 2.6 %
Main economic sectors: hydrocarbon industry (petroleum and natural gas), mining industries, agriculture, services.

Major towns

(in number of inhabitants)

Algiers (capital): 3 700 000
Oran: 1 600 000
Constantina: 1 000 000
Annaba: 850 000

Turnover evolution

in thousands USD

Premiums split by company 2000-2003

in thousands USD

	2000		2001		2002		2003
Companies	Amount	Share	Amount	Share	Amount	Share	Amount	Share
SAA	88 702	34.94%	90 044	31%	94 033	25.24%	120 778	27.09%
CAAR	55 013	21.67%	60 975	21%	89 712	24.08%	73 218	16.42%
CAAT	52 683	20.75%	54 271	18.68%	68 423	18.37%	97 091	21.78%
CAGEX	118	0.05%	208	0.07%	131	0.04%	203	0.05%
SCGI	165	0.07%	287	0.1%	573	0.15%	1 456	0.33%
AGCI	-	-	-	-	7	0%	163	0.04%
CASH	6 426	2.53%	16 244	5.59%	24 993	6.71%	26 017	5.84%
CNMA	30 310	11.94%	37 858	13%	34 432	9.24%	36 860	8.27%
MAATEC	214	0.08%	219	0.08%	249	0.07%	278	0.06%
TRUST ALGERIA	10 691	4.21%	12 484	4.3%	27 955	7.50%	32 827	7.36%
2A	4 492	1.77%	8 889	3.06%	12 984	3.49%	15 518	3.48%
CIAR	4 960	1.95%	7 750	2.67%	10 464	2.81%	19 584	4.39%
AL BARAKA	68	0.03%	1 226	0.4%	2 750	0.74%	5 448	1.22%
STAR HANA	-	-	-	-	929	0.25%	-	-
AL RAYAN	-	-	-	-	2 169	0.58%	5 996	1.35%
GAM	-	-	-	-	2 722	0.73%	10 331	2.32%
TOTAL	253 842	100%	290 455	100%	372 526	100%	445 768	100%

Premiums split by class of business 2000-2003

in thousands USD

	2000		2001		2002		2003
Classes	Amount	Share	Amount	Share	Amount	Share	Amount	Share
Motor	106 321	41.88%	117 906	40.59%	131 865	35.40%	174 615	39.17%
Property	81 595	32.14%	92 800	31.95%	154 859	41.57%	178 265	40%
Marine	38 285	15.08%	45 561	15.69%	50 550	13.57%	57 257	12.84%
Agricultural risks	12 433	4.9%	19 242	6.62%	15 626	4.19%	14 792	3.32%
Personal accident	14 154	5.58%	13 293	4.58%	14 739	3.96%	16 734	3.75%
Credit ins.	1 054	0.42%	1 653	0.57%	4 887	1.31%	4 105	0.92%
Total	253 842	100%	290 455	100%	372 526	100%	445 768	100%

Major companies' turnover evolution 2000-2003

in thousands USD

Loss experience of major companies 2000-2002

in thousands USD

	2000		2001		2002
Companies	Claims¹	Loss ratio²	Claims	Loss ratio	Claims	Loss ratio
SAA	68 495	79.8%	77 441	89.0%	77 286	86.1%
CAAR	63 551	115.8%	60 574	95.5%	34 972	41.4%
CAAT	29 389	57.1%	26 083	50.5%	39 666	59.2%
CASH	-	-	5 654	52.7%	1 219	5.1%
CNMA	19 362	67.2%	18 936	53.6%	17 306	49.3%
TRUST ALGERIA	6 634	72.8%	5 241	49.5%	6 101	21.6%
2A	1 437	43.2%	4 083	49.4%	5 816	49.4%
CIAR	2 223	57.1%	5 047	78.6%	5 965	60.8%
AL BARAKA	-	-	330	36.5%	1 055	47.7%
AL RAYAN	-	-	-	-	641	41.8%
GAM	-	-	-	-	789	42.5%
TOTAL	191 091	80.5%	203 389	74.1%	190 816	53.5%

¹ Claims = paid claims + outstanding claims ² Loss ratio = claims/earned premiums

2002 companies' productivity

in USD

Companies	Staff 2002	Premium¹/employee
SAA	3 665	25 657
CAAR	1 616	55 514
CAAT	1 477	46 325
CAGEX	-	-
SCGI	23	24 913
AGCI	20	350
CASH	52	480 634
CNMA	1103	31 216
MAATEC	22	11 318
TRUST ALGERIA	115	243 086
2A	310	41 883
CIAR	182	57 494
AL BARAKA	-	-
STAR HANA	-	-
AL RAYAN	80	27 112
GAM	339	8 029
TOTAL	9 004	41 373²

¹ Written premium ² Market average productivity

Exchange rate USD/DZD as at 31/12	2000	2001	2002	2003
Exchange rate USD/DZD as at 31/12	76.873	75.211	77.868	70.285

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