Turnover increase for Algerian insurers in H1 2023
A business report published by the National Insurance Council (CNA) indicates that, for the first half of 2023, the Algerian insurance market's turnover, all activities combined, amounted to 82.1 billion DZD (603.8 million USD).
With a 4.3% growth over one year, the premium volume can be broken down as follows:
Figures in thousands
| Classes of business | 30/06/2023 | 30/06/2022 | Evolution | Market share | ||
|---|---|---|---|---|---|---|
| DZD | USD | DZD | USD | |||
| Property damage | 68 975 086 | 507 009 | 66 632 492 | 454 182 | 3.5% | 84% |
| Life and health insurance * | 9 232 944 | 67 868 | 8 722 709 | 59 455 | 5.8% | 11.2% |
| Total | 78 208 030 | 574 877 | 75 355 201 | 513 638 | 3.8% | 95.2% |
| General Takaful | 58 303 | 429 | 12 734 | 87 | 357.8% | 0.1% |
| Family Takaful | 6 872 | 50 | 0 | 0 | - | 0% |
| Takaful Total | 65 175 | 479 | 12 734 | 86 | 411.8% | 0.1% |
| Direct market total | 78 273 205 | 575 356 | 75 367 935 | 513 724 | 3.9% | 95.3% |
| International reinsurance acceptances | 3 869 268 | 28 441 | 3 378 147 | 23 027 | 14.5% | 4.7% |
| Grand total | 82 142 473 | 603 797 | 78 746 082 | 536 751 | 4.3% | 100% |
