The Algerian insurance market

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Photo credit: US Gov / CIA World Factbook

Insurance market features

  • Regulatory authority: Ministry of finance, general directorate of treasury, insurance department (DASS)
  • Life and non life premiums (2013): 1 467 million USD
  • Insurance density (2013): 39.65 USD
  • Penetration rate (2013): 0.83%

Market structure in 2013

Actors
Number
Insurance companies
23
Reinsurance company
1
Companies specialised in export credit insurance and real estate
2
Non life insurance companies
13
Life insurance companies
7
Direct agencies
1097
Insurance general agents
929
Insurance brokers
28

Country profile

  • Area: 2 381 741 km2
  • Population (2013): 37 million inhabitants
  • GDP (2013): 177 billion USD
  • GDP per capita (2013): 4 784 USD
  • GDP growth rate (2013): 2.6%
  • Inflation rate (2013): 4.4%
  • Main economic sectors: natural gas, oil, agricultural products, mining, food industry

Main cities

(in number of inhabitants in 2011) 
  • Algiers (capital): 2 916 000
  • Oran: 783 000
 

Evolution of life and non life premiums: 2009-2013

in thousands USD
 20092010201120122013
Non life insurance
1 015 2941 017 0081 058 8611 186 5691 359 252
Life insurance
82 146103 27789 58393 677107 863
Total
1 097 440 1 120 285 1 148 444 1 280 246 1 467 115

Evolution of life and non life paid losses: 2009-2013

in thousands USD
 20092010201120122013
Non life insurance
487 597467 264538 931625 872666 975
Life insurance
24 03821 88133 15125 70028 751
Total
511 635 489 145 572 082 651 572 695 726
Premiums:2009-2013
in millions USD 		 
Paid losses: 2009-2013
in millions USD
in millions USD

Turnover’s evolution per class of business: 2009-2013

in thousands USD
 200920102011201220132013 shares
Motor
502 794552 911582 457682 566786 01053.6%
Property damage
409 637366 167387 099418 383476 57632.5%
Marine
86 68682 87775 24767 61773 9905%
Agricultural risks
10 81314 40913 87317 96422 6251.5%
Credit insurance
5 3646441853951-
Total non life
1 015 294 1 017 008 1 058 861 1 186 569 1 359 252 92.6%
Life insurance
82 146103 27789 58393 677107 8637.4%
Grand total
1 097 4401 120 2851 148 4441 280 2461 467 115100%

Turnover’s breakdown per class of business in 2013

Paid losses evolution per class of business: 2009-2013

in thousands USD
 200920102011201220132013
shares
Motor
375 723364 138403 900467 971522 12375.1%
Property damage
82 34459 67998 898126 958118 95717.1%
Marine
22 49133 39826 63322 24323 1533.3%
Agricultural risks
2 4415 6486 3736 8491 3130.2%
Credit insurance
4 5984 4013 1271 8511 4290.2%
Total non life
 487 597 467 264 538 931 625 872 666 975 95.9%
Life insurance
24 03821 88133 15125 70028 7514.1%
Grand total
511 635489 145572 082651 572695 726100%

Breakdown of paid losses per class of business in 2013

Turnover’evolution per life and non life company : 2009-2013

in thousands USD
 200920102011201220132013 shares2012/2013 evolution
SAA
265 027275 187280 198297 644331 51822.6%11.4%
CAAT
189 365193 078193 940199 201233 12715.9%17%
CAAR
188 159175 515182 055181 134195 59813.3%8%
CASH
126 263102 564104 675107 632125 0968.5%16.2%
CNMA
70 59592 51589 199103 892123 4628.4%18.8%
CIAR
86 20482 00080 99785 82597 6196.7%13.7%
Alliance Assurances
40 47046 92951 71547 73853 4103.6%11.9%
2A
37 20641 65142 44046 19652 2143.6%13%
Salama Assurances
35 33334 82337 06042 10951 6733.5%22.7%
GAM
29 91239 91037 74943 34342 5102.9%-1.9%
Trust Algérie
20 73225 48724 75129 73535 0712.4%17.9%
AXA Dommage
--274 90915 5861.1%217.5%
MAATEC
5688231 0732 0175 1090.3%153.3%
Total of non life companies
1 089 834 1 110 482 1 125 879 1 191 374 1 361 993 92.8% 14.3%
CAARAMA
---23 11724 8261.7%7.4%
TALA
--7 43315 02217 0791.2%13.7%
Cardif Al Djazair
7 6069 80311 93913 78815 5471.1%12.8%
SAPS
--3 19313 75015 4181%12.1%
Macir Vie
---12 54214 5561%16.1%
AXA Vie
---3 2259 8970.7%206.9%
Le Mutualiste
---7 4277 7990.5%5%
Total of life insurance companies
7 606 9 803 22 565 88 871 105 122 7.2% 18.3%
Grand total
1 097 4401 120 2851 148 4441 280 2451 467 115100%14.6%

Evolution of paid losses per life and non life company: 2009-2013

 200920102011201220132013 shares2012/2013 evolution
SAA
150 017138 855152 017181 892187 13026.9%2.9%
CAAT
93 45589 43094 353100 127106 82115.4%6.7%
CAAR
93 79680 670108 49199 20299 26614.3%0.1%
CIAR
48 01949 72652 13953 91964 6979.3%20%
CNMA
35 00733 78137 86950 44955 7408%10.5%
CASH
20 59022 49831 04565 36830 5794.4%-53.2%
2A
15 12712 46219 26612 83727 8764%117.2%
Alliance Assurances
11 59322 51223 40023 31727 5554%18.1%
Salama Assurances
18 37618 07020 39223 32324 9813.6%7.5%
Trust Algérie
9 5646 4717 2359 00821 9053.1%143.2%
GAM
14 88513 42221 22719 57120 9783%7.2%
Axa dommage
---1922 9470.4%1435%
MAATEC
3973986891 2081 5830.2%31.1%
Total of non life companies
510 826 488 295 568 120 640 328 672 058 96.6% 5%
TALA
--3 0084 2406 8471%61.5%
CAARAMA
---2 9816 6670.9%123.6%
SAPS
--4241 3245 4950.8%315.2%
Cardif Al Djazair
8098505301 4651 4670.2%0.2%
Macir Vie
---7581 3770.2%81.6%
AXA Vie
---2701 3130.2%386.5%
Le Mutualiste
---2065020.1%144.1%
Tatal of life insurance companies
809 850 3 962 11 244 23 668 3.4% 110.5%
Grand total
511 635489 145572 082651 572695 726100%6.8%
Exchange rate
DZD/USD as at 31/12
2009
2010
2011
2012
2013
0.01419
0.01371
0.01325
0.01285
0.01287
Sources: Sigma, Algeria’s reports 2009-2013: ministry of finance, insurance department
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