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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