Algeria – Insurance Business exceeds DA 101 billion in 9m
Thursday, 12 10 2015, Category: Insurance and Reinsurance, Country: Algeria
The insurance sector in Algeria achieved a business volume estimated at DA 101.8 billion during the first nine months of year 2015 compared to DA 95.7 billion during the same period of year 2014 which represents a 6.5% increase according to the numbers released by the National Insurance Council.
The non-life insurance business remains the main source of premiums with 92% of the market (against 93% during the same period of year 2014) whereas the contribution of personal line insurance represents 8% of the market (7% in year 2014).
The non-life insurance maintained its growth during the first nine months of the current year with DA 92.6 billion compared with DA 87.9 billion during the same period of year 2014 which is a 5.3% increase.
Source: Algeria Press Service