Aglic starts the distribution of its products

The life insurance company Algerian Gulf Life Insurance Company (Aglic), a subsidiary of the Compagnie Nationale d’Assurance des Hydrocarbures (Cash), intends to market its products relying, initially, on its partners' network Cash Assurances and Banque Nationale d’Algérie (BNA). The distribution of policies through a dedicated network of the company will be at a later stage.

As a reminder, Aglic got its approval on February 22, 2015. It is owned by Cash Assurances (42.5%), Gulf Insurance Group (42.5%) and BNA (15%).