Algerian insurance market at end-September 2024

The Algerian insurance market's turnover for all activities combined reached 131.7 billion DZD (987.4 million USD) as at 30 September 2024, up 4.9% on the same period in 2023.

Non-life premiums increased by 2.2% to 108.4 billion DZD (812.7 million USD), or 84.5% of the total portfolio during the first three quarters of the current year.

Life and health insurance grew by 4.4% to 14.3 billion DZD (107.2 million USD), accounting for a 10.9% market share.

The booming takaful business recorded contributions worth 390.1 million DZD (2.9 million USD), representing a sharp 319.8% year-on-year increase.

International reinsurance acceptances climbed by 51.4% to 8.7 billion DZD (65.2 million USD).