The union Insurance and reinsurance union (UAR) has revealed that the revenues generated by the coverage of natural catastrophe risks has increased by 13% in 2013. Premium revenues have thus climbed to 1.750 billion DZD (22.5 million USD) last year compared to 1.555 billion (20 million USD) in 2012.
The increase was only of 2.4% between 2011 and 2012. Nearly 54% of this amount is accounted for by the coverage of industrial and business risks. The number of contracts grew by 20%, with more than 500 000 policies having been underwritten for householder’s risks and 135 000 for covering industrial and commercial units.