In Algeria, natural disasters insurance has become mandatory since 2003. Despite this compulsory nature and the high risk of earthquake, floods and hail, this cover accounted for only 4.3% of non life insurance turnover in 2018. During the first half of 2019, this figure rose to 5.4%.
Although agriculture is one of the economic sectors that are very sensitive to climatic hazards, its insurance has faced difficulties to develop. In 2018, agricultural insurance reported a decreasing turnover by 5.8% in comparison with 2017.