The Algerian insurance market in 2019

Profile

Population: 43 053 000 inhabitants
Algeria
GDP: 171.091 billion USD
GDP per capita: 3974 USD
GDP growth rate: 0.8%
Inflation rate: 2%

Algerian insurance market: main indicators

 2019
Turnover
144.4 billion DZD (1.207 billion USD)
Penetration rate
0.70%
Insurance density
3 355 DZD (28 USD)

Structure of the Algerian insurance market

Insurance and reinsurance companies
Non-life companies
12
Life companies
8
Specialized companies
2
Reinsurer
1
Total23

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 business20152016201720182019
Non-life
1 094 5941 066 0721 036 5641 046 2921 093 814
Life
93 597101 272115 801106 525113 796
Total1 188 1911 167 3441 152 3651 152 8171 207 610

Exchange rate as at 12/31/2019: 1 DZD = 0.00836 USD


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