Promising prospects for the Algerian motor insurance market

The National Insurance Council (CNA) expects the motor insurance market to experience a particular growth in 2023.

The recent government decisions to resume the manufacture of new vehicles and dealerships' activity are likely to contribute to the development of this class of business.

The new system should allow the motor insurance activity, which represents almost half of the premiums underwritten by the Algerian market, to return back to normal.

Over the past few years, motor insurers have encountered several difficulties due to the closure of assembly plants and the cessation of the import of new vehicles.