The Algerian insurance market
Profile
| Population: 43 851 043 inhabitants |  |
| GDP: 145.164 billion USD | |
| GDP per capita: 3 310.4 USD | |
| GDP growth rate: -5,48% | |
| Inflation rate: 2,4% |
Algerian insurance market: main indicators
| 2020 | |
Turnover | 137.5 billion DZD (1.036 billion USD) |
Penetration rate | 0.71% |
Insurance density | 3 136 DZD (23.66 USD) |
Read also | Algerian insurance compagnies
Structure of the Algerian insurance market
| Insurance and reinsurance companies | |
Non-life companies | 12 |
Life companies | 8 |
Specialized companies | 2 |
Reinsurer | 1 |
| Total | 23 |
| Intermediaries | |
Insurance agents | 1633 |
Brokers | 44 |
| Total | 1677 |
| Regulatory authority | |
Ministry of Finance, Directorate General of the Treasury, Insurance Department | www.mf.gov.dz |
| Professional institution | |
The Algerian Union of Insurance and Reinsurance Companies (UAR) | www.uar.dz |
Algerian insurance market: evolution of premiums per class of business
Figures in thousands of USD| Class of business | 2016 | 2017 | 2018 | 2019 | 2020 |
Non-life | 1 066 072 | 1 036 564 | 1 046 292 | 1 093 814 | 946 345 |
Life | 101 272 | 115 801 | 106 525 | 113 796 | 90 156 |
| Total | 1 167 344 | 1 152 365 | 1 152 817 | 1 207 610 | 1 036 501 |
Exchange rate as at 30/06/2020 : 1 DZD = 0,06343 USD ; at 30/06/2019 : 1 DZD = 0,00836 USD ; at 30/06/2019 : 1 DZD = 0,00836 USD ; at 30/06/2018 : 1 DZD = 0,00837 USD ; at 31/12/2017 : 1 DZD = 0,00837 USD ; at 30/06/2016 : 1 DZD = 0.00901 USD
Read also | Algerian insurance market
