Articles & Analysis | Rising potential: The private sector’s market share looks set to continue expanding from The Report: Algeria 2012
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...
Interviews & Viewpoints | OBG talks to Jean-Laurent Granier, CEO Mediterranean-Latin American region, Axa Assurances from The Report: Algeria 2012
How do you explain the relatively low penetration rate in Algeria, and what steps need to be taken to energise the local market?
Articles & Analysis | An upward trajectory: The life segment is expected to pick up again, while growth in other lines continues from The Report: Algeria 2012
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...