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CNMA: 2020’s results

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Magazine Issue: 
Insurers, up against web giants [3]
Magazine date: 
Apr 2021

CNMAThe Caisse Nationale de Mutualité Agricole (CNMA) has recorded a 9% turnover decrease in 2020. The latter went from 14.3 billion DZD (119.49 million USD) by late 2019 to 13 billion DZD (98.08 million USD) in 2020. The agricultural risks stood for 80% of the recorded premiums in 2020.

In 2020, the net result reached 1.8 billion DZD (13.58 million USD) against 1.2 billion DZD (10.03 million USD) in 2019, thus increasing by 50% over one year.

CNMA posted a 33% increase in its net insurance margin. The loss ratio was set at 51%.

Read also | Algerian insurance market [4]

Wed, 14/04/2021 - 12:01

Source URL: https://www.atlas-mag.net/en/article/cnma-2020-s-results

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[4] https://www.atlas-mag.net/en/article/algerian-insurance-market-in-2020