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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Algerian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Algeria's insurance sector. Systematic updates are published throughout the cycle. to the latest developments in the Algerian non-life (P&C) market as well as trends by line of business. Axco analysts also report on Algeria's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers,
The report describes Algerian insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Algeria, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Algeria, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Algeria with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Non-life insurance is treated as a separate major class of business in Algeria. Its predominant component is damage insurance (assurance de dommages). The market share of motor business in the "assurance de dommages" category in 2019 was 52.5%, with fire, explosion, natural catastrophe and other material damage insurance having a share of 39.1%. All other categories had shares of less than 5% in 2019.
In the first quarter of 2020 the market's overall gross premium income ....
This is a brief extract of information; more updated information may be available in the latest published report.
