Algeria

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Chapter | Transport from The Report: Algeria 2012

Under the previous and current five-year plans of 2005-09 and 2010-14, a major government objective has been the modernisation and expansion of Algeria’s transport networks. With some €229bn having been allocated to the development of railways, airports, public transport, roadways and ports, major public works projects are under way to facilitate mobility, reduce congestion and encourage the use...
Dans le cadre d’un programme d’infrastructures qui se chiffre à plusieurs centaines de milliards de dollars, le gouvernement algérien a adopté de nouvelles mesures afin d’encourager une plus grande participation de la part des entreprises locales.
Alors que l’économie Algérienne doit encore faire face à certains problèmes structurels, elle a néanmoins obtenu de bons résultats en 2012, malgré une inflation à la hausse et la récession qui frappe son premier partenaire commercial, l’Europe. Le pays a enregistré une croissance du PIB de 2,6% en 2012 – un chiffre qui se situe dans la moyenne régionale- et devrait poursuivre sur cette lancée en 2013 pour atteindre une croissance de 3,4%, d’après le FMI.

Although underdeveloped by both international and regional standards, Algeria’s insurance market has seen rapid growth in recent years. Public companies dominate the sector, but private firms are gradually increasing their market share. Property and casualty products make up the bulk of premiums, accounting for 92.4% of premiums in 2011, on a total...

How do you explain the relatively low penetration rate in Algeria, and what steps need to be taken to energise the local market?

Although insurance penetration in Algeria is still low by regional and world standards, the sector is growing quickly. Total premiums have almost doubled between 2006 and 2011, giving a compound annual growth rate of 13.55% from a starting point of AD45.82bn (€439.87m). Profits also increased during the same period, with net income as a percentage...

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