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Compagnie Centrale de Réassurance : 2020 results

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Magazine Issue: 
Insurers up against cyber risks [3]
Magazine date: 
Jun 2021

CCRThe Compagnie Centrale de Réassurance (CCR) is closing the 2020 financial year with a turnover of 33.624 billion DZD (253.67 million USD), a 5.7% decrease compared to the 35.655 billion DZD (297.94 million USD) posted in 2019.

The net result stands at 4.154 billion DZD (31.34 million USD) in 2020 against 3.116 billion DZD (26.04 million USD) at the end of 2019, which represents an increase of 33.32% over one year.

As at 31 December 2020, the incurred losses have decreased by 20.69%. The financial products went from 2.491 billion DZD (20.82 million USD) in 2019 to 3.184 billion DZD (24.02 million USD) by the end of 2020.

Read also | Algerian insurance market [4]

Wed, 23/06/2021 - 11:14

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[4] https://www.atlas-mag.net/en/article/algeria-insurance-market-2019-s-turnover-per-class-of-business