Algerian insurance market: 2022 results

As at 31 December 2022, the turnover of the Algerian insurance market, all activities combined, reached 162.6 billion DZD (1.2 billion USD), up 5% in original currency over one year. This figure includes both the direct premiums and the international reinsurance acceptances.

The direct insurance market reported a 6.1% turnover increase to 155.8 billion DZD (1.1 billion USD), that is 95.8% of the overall portfolio, broken down as follows:

• 139.6 billion DZD (1 billion USD) for non-life insurance
• 16.1 billion DZD (116.9 million USD) for life and health insurance
• 48.5 million DZD (352.000 USD) for general takaful

The international reinsurance acceptances amounted to 6.8 billion DZD (49.4 million USD), increasing by 2.3% compared to the end of 2021.