GAM Takaful, the first General Takaful business in Algeria

On 26 March 2022, Générale Assurance Méditerranéenne (GAM Assurances) launched its general Takaful business called GAM Takaful.

GAM has been authorized to market 40 non-life insurance policies in this field.

The contract underwriting will be launched in April 2022 via 172 GAM agencies.

Note that GAM is the first local insurance company to market Takaful products in Algeria. The objective of this initiative is to draw a new class of policyholders.