Magazine date:
Mar 2006 Initiated ten years ago, the liberalisation of the insurance market has resulted in mushrooming companies. But despite a 14% annual progression in overall turnover, the sector, which remains dominated at 67% by three state-owned companies (SAA, CAAT and CAAR), accounts for only 3.6% of GDP against 33% in South Africa. The statistics also reveal that insurance expenses per insured person in Algeria have reached an average of 15.30 USD against 44.90 USD in Morocco, 55.3 USD in Tunisia and 680 USD in South Africa.