Magazine date:
Nov 2018 The Hydrocarbon Insurance Company (Compagnie des Assurances des Hydrocarbures) (CASH) expects 9.6 billion DZD (80.1 million USD) in turnover at the end of 2018. This amount is down about 10% compared to 10.7 billion DZD (92.3 million USD) of gross premiums earned in 2017.
For CASH CEO Wided Belhouchet [4], this downturn in turnover is due to the slowdown of investment in the construction sector which is the company's preferred target.
As a reminder, CASH Assurances specializes in the coverage of oil and energy risks. It is a subsidiary of the SONATRACH group.