Algerian insurance market in 2024

February 25, 2026
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Figures in thousands

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Classes of businessTurnover 2024Turnover 2023Evolution
2023-2024 (1)
Shares
2024
DZDUSDDZDUSD
Non life insurance
Motor71 554 000523 77666 898 000496 3836.96%41.60%
Property damage69 043 000505 39567 214 000498 7282.72%40.14%
Marine7 389 00054 0878 561 00063 523-13.69%4.30%
Agricultural risks2 335 00017 0921 996 00014 81016.98%1.36%
Credit157 0001 14978 000579101.28%0.09%
Total non life insurance (2)150 478 0001 101 499144 747 0001 074 0233.96%87.49%
Life insurance
Life-death9 155 00067 0158 466 00062 8178.14%5.31%
Group employee benefits insurance7 064 00051 7085 461 00040 52129.35%4.11%
Assistance2 645 00019 3612 067 00015 33727.96%1.54%
Accident1 768 00012 9421 652 00012 2587.02%1.03%
Health886 0006 4861 140 0008 459-22.28%0.52%
Capitalization4 000297 00052-42.86%0.00%
Total life insurance (3)21 522 000157 54118 793 000139 44414.52%12.51%
Grand total172 000 0001 259 040163 540 0001 213 4675.17%100%

(1) Growth rate in local currency
(2) includes the general takaful segment
(3) includes the family takaful segment
Exchange rate as at 31/12/2024: 1 DZD = 0.00732 USD; at 31/12/2023: 1 DZD = 0.00742 USD

Source: Directorate General of the Treasury and Accounting - Insurance Activity in Algeria, 2024


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