The Algerian insurance market’s potential to be exploited
Wednesday, 04 27 2016, Category: Insurance and Reinsurance, Country: Algeria
The Algerian insurance market has an “important” potential which should be exploited according to what was said on Tuesday in Constantine by the General Manager of the Algerian Insurance Company Mr. Youcef Benmicia.
In his speech at an insurance event he clarified that the sector has a “strategic” importance despite that it only concentrates currently on motor insurance as it should invest in other insurable risks in order to follow emerging trends.
Mer. Benmicia clarified that “more than half of the insurance activities in Algeria cover vehicles whereas property insurance, personal insurance and small risks are very timidly “exploited”.
Source: Algeria Press Service