Algeria Financial Services

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Articles & Analysis | Insurance from The Report: Algeria 2016

 

Alliance Assurances was established in December 2004 by a consortium of Algerian investors with an initial capital of AD500m (€4.1m). However, Alliance Assurances only started effective operations in 2006. In 2007 revenue increased by 178% compared to the previous year. The sharp rise in revenue was due to the launch of a commercial...

Chapter | Financial Services from The Report: Algeria 2016

While it has grown more than five-fold since the 1990s, Algeria’s insurance industry remains small relative to the size of the economy, with low penetration and density ratios. The sector sees more than half of its profits from automotive coverage, though the life segment has grown swiftly in recent years. Improvements to automotive claims processing and determined efforts to resolve the...

Amid the constant change that has recently characterised North Africa, Algeria has charted a path of relative stability. This is largely due to vast oil and gas resources that have made it Africa’s fourth-largest economy.

Les emprunts traditionnels étant désormais limités par la baisse des recettes issues des hydrocarbures, les autorités publiques redoublent d’efforts pour développer les marchés de capitaux algériens.

 

The insurance sector in Algeria has grown more than five-fold since the 1990s, but it still remains small relative to the size of the economy. The market is characterised by low penetration and density of coverage, and is dominated by non-life coverage, representing some 93% of premiums, with automotive coverage alone accounting for half the...

 

As Algerian authorities look to empower an underdeveloped banking sector to drive broader economic growth, Islamic banking is among the areas that appears poised for expansion. Islamic finance is currently dominated almost entirely, by Algeria’s oldest private bank, Al Baraka Bank, a subsidiary of Bahraini Al Baraka Banking Group, with Algeria...

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