Algeria – Electronic payment of premiums
Saturday, 12 02 2017, Category: Insurance and Reinsurance, Country: Algeria
The Algerian Insurance and Reinsurance Company (Compagnie algérienne d'assurance et de réassurance – CAAR) launched the electronic payment service and remote insurance service. The first step will include property insurance and then will extend to other products.
CAAR signed at the end of this week, an agreement with the bank Crédit populaire d'Algérie (CPA) in order to start internet payments “e-payment of insurance premiums”. The first phase of this project will include property insurance (houses) i.e. fire and allied perils. Clients of CAAR can thus pay through their banking cards using the electronic portal of the insurer.