Algeria Insurance Industry – Key Trends and Opportunities to 2027

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Algeria Insurance Market Insights

The total gross written premiums (GWP) in the Algeria insurance market were estimated at DZD204.2 billion in 2022 and is anticipated to garner a CAGR of more than 6% during the projected period. The Algeria insurance market research report provides a detailed market outlook by product category. It provides values for key performance indicators such as gross written premium, penetration, premium accepted and ceded, profitability ratios, and premium by line of business, during the review period (2018–2022) and forecast period (2023–2027).

Algeria Insurance Market Outlook 2022-2027 (DZD Billion)

Algeria Insurance Market Outlook 2022-2027 (DZD Billion)

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The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Algeria economy and demographics, and provides detailed information on the competitive landscape in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country.

Total GWPs (2022) DZD204.2 billion
CAGR (2023-2027) >6%
Historic Period 2018-2022
Forecast Period 2023-2027
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Latest Developments in the Algeria Insurance Industry

  • In November 2022, Algeria’s Ministries of the Economy and Agriculture announced new short-term credit insurance will be offered for agricultural exporters to Algeria, Lebanon, and Egypt. The product will offer coverage for 18 months with a 90% recovery of loss to help address the challenges of exporting. The rate will depend on the duration of the operation and the associated risk.
  • On December 29, 2022, the Official Gazette published the Ministry of Finance communique stipulating amendments to tax measures of the Finance Law 2023.

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Growth in agriculture insurance will boost the Algeria insurance market growth.

Agriculture insurance protects farmers from losses due to production problems and destruction of crops due to natural calamities. In June 2023, CAAR announced it will launch new agriculture insurance products by September 2023 to support farmers with risk management, mainly relating to droughts in the country.

Growing digitalization and technological advancements have increased the risk of cyberattacks and other cybersecurity-related issues. Cyber insurance helps protect companies against such risks. To capitalize on this trend, in December 2022, CAAR announced it is planning to launch new cyber insurance products targeted at Algerian companies.

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Algeria Insurance Market Segmentation

Key Segment General Insurance and Life Insurance
Key Line of Business (General Insurance) Motor, Non-Life PA&H, Property, MAT, Liability, Financial Lines, and Miscellaneous
Key Line of Business (Life Insurance Term Life, Pension, and Life PA&H

General insurance emerged as the leading segment in the Algeria insurance market in 2022.

  • The general insurance segment is expected to retain its dominance during the projected period.
  • This category is further classified into motor, property, liability, financial lines, MAT, and miscellaneous insurance. In 2022, motor insurance was the largest line of business, followed by property, and MAT.
  • The life insurance sector in Algeria accounted for around 8% of the total insurance industry’s direct written premium (DWP) in 2022. The sector’s growth was primarily driven by the rise in pension and life personal accident and health (PA&H) policies.

Algeria Insurance Market Insights, 2022 (%)

Algeria Insurance Market Insights, 2022 (%)

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Term life Insurance led the Algeria life insurance market accounting for the highest revenue in 2022.

  • The life insurance segment earned the second highest revenue in Algeria insurance market during 2022.
  • The key line of businesses in the life insurance segment of the Algeria insurance market are term life, pension, and life PA & H. In 2022, term life accounted for the highest Algeria insurance market share, followed by pension, and life PA&H.

Algeria Life Insurance Market Line of Business Insights, 2022 (%)

Algeria Life Insurance Market Line of Business Insights, 2022 (%)

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Key Segments Covered in this Report.

Algeria General Insurance Market Line of Business Outlook (DZD Billion, 2018-2027)

  • Motor
  • MAT
  • Non-life PA&H
  • Property
  • Liability
  • Financial Lines
  • Miscellaneous

Algeria Life Insurance Market Line of Business Outlook (DZD Billion, 2018-2027)

  • Term Insurance
  • Pension
  • Life PA&H


This report provides a comprehensive analysis of the Algeria insurance industry –

• It provides historical values for the Algeria insurance industry for the report’s 2018–22 review period, and projected figures for the 2023–27 forecast period.

• It offers a detailed analysis of the key categories in the Algeria insurance industry and market forecasts to 2027.

• It profiles the top life insurance companies in Algeria and outlines the key regulations affecting them.

Key Highlights

• Key insights and dynamics of the Algeria insurance industry.

• A comprehensive overview of the Algeria economy, government initiatives, and investment opportunities.

• The Algeria insurance regulatory framework’s evolution, key facts, taxation regime, licensing, and capital requirements.

• The Algeria insurance industry’s market structure giving details of lines of business.

• Algeria’s reinsurance business’s market structure giving details of premium ceded along with cession rates.

Reasons to Buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Algeria insurance industry, and each category within it.
  • Understand the demand-side dynamics, key market trends, and growth opportunities in the Algeria insurance industry.
  • Assess the competitive dynamics in the Algeria insurance industry.
  • Identify growth opportunities and market dynamics in key product categories.

Alliance Assurances
Générale Assurance Méditerranéenne
AXA Assurances Algérie

Table of Contents

Executive Summary

Economy Overview

Regulation and Compliance

Key Market Trends

Life Insurance: Summary trends and KPIs

Life Insurance: Key Trends by LOB

General Insurance: Summary Trends and KPIs

General Insurance: Key Trends by LOB




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