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CASH Assurances

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Magazine Issue: 
The virtuous cycle of training [3]
Magazine date: 
Jan 2020
cash assurances
  • Date of creation : 14 January 1996 in Algiers, Algeria
  • Class of business: Non-life insurance
  • Founders: SONATRACH and CAAR

CASH Assurances in 2018

Widad Belhouchet
Widad Belhouchet
Chief executive officer
Turnover
80 156 318 USD
Share capital
65 286 000 USD
Shareholder’s equity
100 724 644 USD
Assets
180 787 157 USD
Technical result
3 499 982 USD
Net result
5 950 735 USD
Total staff
640 employees
Network
46 agencies

Management

Widad BelhouchetChief executive officer
Mehdi ChelloucheHead of technical division
Samy TouhoucheHead of finance and accounting
Mira BettaneHead of administration and human resources
Ahmed HaftariHead of sales

Shareholding

SONATRACH Holding SIP63.8195%
NAFTAL SPA11.9646%
Compagnie Algérienne d’Assurance et de Réassurance (CAAR)18.2318%
Compagnie Centrale de Réassurance (CCR)5.9841%

CASH Assurances: Main technical indicators (2014-2018)

Figures in USD
 20142015201620172018
Gross written premiums
136 408 14793 450 44290 253 11693 987 34280 156 318
Net written premiums
20 303 39418 584 43119 639 15117 093 41711 973 461
Gross earned premiums
121 382 35897 626 37093 344 05186 185 12388 642 158
Net earned premiums
17 816 30017 853 67117 284 82920 751 65013 604 924
Gross incurred losses (1)
49 010 61243 155 20730 590 32794 497 017-1 889 747
Net incurred losses 
8 225 2408 289 4304 762 26310 947 0552 827 135
Gross loss ratio (2)
40.38%44.20%32.77%109.64%-1.69% (5)
Management expenses ratio
15 252 03815 476 13714 823 20714 872 83616 581 229
Gross management expenses ratio (3)
11.18%16.56%16.42%15.82%20.69%
Gross combined ratio (4)
51.56%60.76%49.19%125.46%19%
Technical result
9 374 4313 855 1366 300 6391 734 4223 499 982
Financial income
4 075 5374 402 5598 402 5375 546 8587 285 432
Net result 
9 278 7604 571 9539 791 9964 340 7735 950 735

(1)In 2018, the incurred losses were exceptionally negative due to large valuation discrepancies observed in some major claims
(2) Gross loss ratio = Gross incurred losses/Gross earned premiums
(3) Gross management expenses ratio = Gross management expenses/Gross written premiums
(4) Gross combined ratio = Loss ratio + Management expenses ratio
(5) Atlas estimates

CASH Assurances: Turnover breakdown per class of business (2014-2018) (in DZD)

Figures in thousands DZD
 20142015201620172018
Fire
5 091 4695 376 3605 508 7805 660 4556 561 398
Engineering
4 785 7822 359 3302 027 4563 169 8991 121 972
Marine
888 748809 515764 202654 146622 728
Third party liability
254 560232 533283 536224 191261 045
Miscellaneous accident
52 63750 57755 72447 75945 583
Motor
877 0361 111 3401 277 7761 044 920794 243
Natural catastrophes
89 322119 59699 520102 034169 652
Total
12 039 55410 059 25110 016 99410 903 4049 576 621

CASH Assurances: Turnover breakdown per class of business (2014-2018) (in USD)

Figures in USD
 20142015201620172018Parts 2018
Fire
57 686 34449 946 38449 634 10848 793 12254 918 90168.51%
Engineering
54 222 91021 918 17618 267 37927 324 5299 390 90611.72%
Marine
10 069 5157 520 3946 885 4605 638 7395 212 2336.50%
Third party liability
2 884 1652 160 2322 554 6591 932 5262 184 9472.73%
Miscellaneous accident
596 377469 860502 073411 683381 5300.48%
Motor
9 936 81810 324 34911 512 7629 007 2106 647 8148.29%
Natural catastrophes
1 012 0181 111 047896 675879 5331 419 9871.77%
Total
136 408 14793 450 44290 253 11693 987 34280 156 318100%

CASH Assurances : Breakdown of 2018 turnover per class of business

cash assurances turnover

CASH Assurances: Gross earned premiums per class of business (2014 - 2018) (in DZD)

Figures in thousands DZD
 20142015201620172018
Fire
5 097 1505 215 5055 480 5345 343 6896 360 916
Engineering
3 542 8732 988 5872 511 9192 471 5062 283 114
Marine
809 741831 561808 957669 019577 358
Third party liability
249 634249 341281 153258 981268 625
Miscellaneous accident
52 20350 15255 23651 10146 735
Motor
882 0401 057 7841 120 0931 104 943904 778
Natural catastrophes
79 718115 829102 15899 035148 935

CASH Assurances : Gross earned premiums per class of business (2014 - 2018) (in USD)

Figures in USD
 20142015201620172018
Incendie
57 750 71048 452 04149 379 61146 062 59953 240 867
Engineering
40 140 75127 763 97322 632 39021 304 38219 109 664
Transport
9 174 3667 725 2027 288 7035 766 9444 832 486
Responsabilité civile
2 828 3532 316 3782 533 1892 232 4162 248 391
Risques divers
591 460465 912497 676440 491391 172
Automobile
9 993 5139 826 81310 092 0389 524 6097 572 992
Catastrophes naturelles
903 2051 076 051920 444853 6821 246 586
Total
121 382 35897 626 37093 344 05186 185 12388 642 158

CASH Assurances: Gross incurred losses per class of business (2014 - 2018) (in DZD)

Figures in thousands DZD
 20142015201620172018
Fire1 400 4782 357 4281 529 3468 702 058-1 246 680
Engineering1 524 6371 057 5691 268 540507 222-226 750
Marine398 909791 722684 4361 194 507480 510
Third party liability626 27612 381-528 632104 484315 204
Miscellaneous accident7 3051 4125 4368 7715 185
Motor368 133424 828436 027445 489446 755
Total4 325 7384 645 3403 395 15310 962 531-225 776

CASH Assurances: Gross incurred losses per class of business (2014 - 2018) (in USD)

Figures in USD
 20142015201620172018
Fire15 867 41621 900 50613 779 40775 011 740-10 434 712
Engineering17 274 1379 824 81611 429 5454 372 254-1 897 898
Marine4 519 6397 355 0976 166 76810 296 6504 021 869
Third party liability7 095 707115 019-4 762 974900 6522 638 257
Miscellaneous accident82 76613 11748 97875 60643 398
Motor4 170 9473 946 6523 928 6033 840 1153 739 339
Total49 010 61243 155 20730 590 32794 497 017-1 889 747

CASH Assurances : Gross loss ratio per class of business (2014-2018)

 20142015201620172018
Fire
27.48%45.20%27.91%162.85%(1)
Engineering
43.03%35.39%50.50%20.52%(1)
Marine
49.26%95.21%84.61%178.55%83.23%
Third party liability
250.88%4.97%<040.34%117.34%
Miscellaneous accident
13.99%2.82%9.84%17.16%11.09%
Motor
41.74%40.16%38.93%40.32%49.38%
Total
40.38%44.20%32.77%109.64%-1.69% (2)

(1) In 2018, the incurred losses were exceptionally negative due to large valuation discrepancies observed in some major claims. The company benefits from significant liquidation bonuses that turn the incurred losses into a gain for the company.
(2) Atlas estimates

CASH Assurances : Evolution of ratios (2014-2018)

cash assurances ratios

Source : CASH Assurances

Exchange rate
DZD/USD as at 31/12
2014
2015
2016
2017
2018
0.01133
0.00929
0.00901
0.00862
0.00837
cash assurances

CASH Assurances : Contact

Head office
135, Boulevard des Martyrs, Algiers 16 000
Phone
+213 23 96 70 06 /07/08/09
+213 23 96 70 12/13
Fax
+213 23 96 70 24
E-mail
contact [at] cash-assurances [dot] dz
Website
Thu, 30/01/2020 - 15:50

Source URL: https://www.atlas-mag.net/en/article/cash-assurances-0

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