GAM Assurances and Cardif El-Djazair granted Takaful licenses

The Algerian government has granted licenses to GAM Assurances and Cardif El-Djazair to carry out Takaful activities in Algeria.

GAM Assurances is now authorized to carry out general Takaful insurance operations (P&C insurance) while Cardif El-Djazair can operate in the field of family Takaful insurance (life insurance).