Algerian insurance market in the first half of 2024

According to the Algerian Union of Insurance and Reinsurance Companies (UAR), the Algerian market's turnover reached 89.8 billion DZD (662.1 million USD) in the first half of 2024, up by 7% over one year.

Non-life premiums increased by 5% to 74 billion DZD (545.6 million USD), while life and health premiums also climbed by 5% to 10 billion DZD (73.7 million USD).

International reinsurance acceptances amounted to 5.8 billion DZD (42.8 million USD), representing a 51% growth over the same period in 2023.

As at 30 June 2024, claims paid by local insurers stood at 33.3 billion DZD (245.5 million USD), down by 5% year-on-year.