Magazine date:
Jul 2005 The 2004 turnover amounts to 36.9 billion DZD (505 million USD), that is, a 15.5% increase compared to 2003. It is the motor class of business that reported the highest growth with +25.2%.
SAA has consolidated its leading position with 31% of the market shares, followed by CAAT with 24.7% and CAAR with 11.23%.
- Motor insurance becomes the market's first class of business with 41.6% of the premiums outranking property with 36.6% of written premiums.
- State-owned and part state-owned companies account for 74.89% of the market shares, that is, a 1.3%-increase in comparison with 2003.
- The insurance penetration rate, which was of 0.61% in 2003, went down to 0.59% in 2004.
- The insurance penetration rate, which was of 0.61% in 2003, went down to 0.59% in 2004.
- The 2004 average premium per vehicle amounted to 4 742 DZD (64.8 USD) against 4 083 DZD (55.8 USD) in 2003.