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Decline in the motor insurance market during the first half of 2016

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Magazine Issue: 
Insurers facing the digital turning point [3]
Magazine date: 
Jul 2016

The motor insurance market achieved a turnover of 34.8 billion DZD (316.6 million USD) during the first half of 2016, down by 1.8% compared to the same period in 2015.

These declining results are accounted for by the decrease in underwriting facultative guarantees, which are falling by 7.8% and the reduction in car imports.

Noting that at 30 June 2016, the motor class of business accounted for 56% of the overall Algerian non life insurance market.

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Wed, 12/10/2016 - 14:39

Source URL: https://www.atlas-mag.net/en/article/decline-in-the-motor-insurance-market-during-the-first-half-of-2016

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[3] https://www.atlas-mag.net/en/issue/insurers-facing-the-digital-turning-point
[4] http://www.atlas-mag.net/en/article/a-new-system-aimed-at-speeding-up-motor-claims-payment
[5] http://www.atlas-mag.net/en/article/2015-results-of-the-algerian-insurance-market