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The Algerian insurance market, results for the first half of 2018

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Magazine Issue: 
Reinsurance in a stalemate [3]
Magazine date: 
Nov 2018

According to the national insurance council (CNA), the turnover of the Algerian insurance market increased by 4.7% at June 30, 2018, compared to the same period of 2017. It was set at 73.3 billion DZD (617.5 million USD).

The non-life class of business reported premims worth 64.5 billion DZD (543.4 million USD), up by 5.1% compared to the first half of 2017.

Natural disasters [4] insurance recorded the highest evolution with 2.9 billion DZD (24.4 million USD) in premiums, that is a rise of 122%.

For its part, life insurance fell by 7.7%, from 6.5 billion DZD (54.8 million USD) of premiums, against 7.05 billion DZD (65.1 million USD) one year ago. As a reminder, State-run companies hold 72.4% of the insurance sector's overall turnover.

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Mon, 19/11/2018 - 15:03

Source URL: https://www.atlas-mag.net/en/article/the-algerian-insurance-market-results-for-the-first-half-of-2018

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[3] https://www.atlas-mag.net/en/issue/reinsurance-in-a-stalemate
[4] https://www.atlas-mag.net/en/article/toll-of-natural-disasters-in-2018
[5] https://www.atlas-mag.net/en/article/the-algerian-insurance-industry-2017-turnover-per-company