Motor insurance: The UAR calls on insurers to respect the multilateral agreement

In 2020, the companies 2A, Alliance, AXA, CAAR, CAAT, CASH, CIAR, CNMA, GAM, SAA, SALAMA and TRUST signed an agreement to stabilize the motor class of business. This multilateral agreement, which came into force in January 2022, limits discounts on motor rates to 50%.

The Algerian Union of Insurance and Reinsurance Companies (UAR) is urging insurers to strictly apply the protocol. It is also threatening to take the matter directly to the Ministry of Finance in case of non-compliance with the agreement.