Algerian insurance market: turnover increase as at 30 September 2023

The National Insurance Council (CNA) has published the Algerian market's key figures for the first three quarters of 2023.

The turnover for all activities combined reached 124.2 billion DZD (900.1 million USD) on 30 September 2023, up by 1.8% over one year.

With a market share of 85%, non-life premiums stood at 105.6 billion DZD (765.3 million USD).

Life underwriting amounted to 12.8 billion DZD (92.8 million USD), or 10.3% of the total portfolio.

Takaful contributions totaled 92.6 million DZD (671 110 USD). International reinsurance acceptances have progressed by 8.7% to 5.7 billion DZD (41.3 million USD).