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The Insurance Industry in Algeria, Key Trends and Opportunities to 2017 - Product Image

The Insurance Industry in Algeria, Key Trends and Opportunities to 2017

  • Published: January 2014
  • Region: Algeria
  • 163 pages
  • Timetric

The report provides in-depth industry analysis, information and insights into the insurance industry in Algeria, including:
- The Algerian insurance industry’s growth prospects by insurance segments and categories
- The competitive landscape in the Algerian insurance industry
- The current trends and drivers in the Algerian insurance industry
- The challenges facing the Algerian insurance industry
- The regulatory framework of the Algerian insurance industry
- A benchmarking section on the Algerian insurance industry in comparison to other countries in Africa

Summary
The Algerian insurance industry is relatively small, and consequently has relatively little impact on the global insurance industry. As a percentage of GDP, gross written premiums stood at 0.6% in 2012, as compared to 3.5% for Morocco. The penetration of insurance products is significantly lower than the average penetration rate of 1.5% recorded in other Maghreb countries, suggesting that there is an opportunity for growth. In addition, the Algerian government is planning large-scale infrastructural investments which will require high-value insurance cover. This is likely to be the READ MORE >

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Life Insurance Segment
4.1 Scale and Penetration
4.1.1 Total gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
5 Non-Life Insurance Segment
5.1 Scale and Penetration
5.1.1 Total market gross written premium
5.1.2 Premium per capita
5.1.3 Non-life insurance penetration rate
5.2 Growth
5.2.1 Gross written premium
5.2.2 Gross written premium per capita
5.3 Efficiency and Risk
5.3.1 Loss ratio
5.3.2 Combined ratio
5.3.3 Incurred losses per capita
5.3.4 Incurred losses as a percentage of GDP
6 Personal Accident and Health Insurance Segment
6.1 Scale and Penetration
6.1.1 Total market gross written premium
6.1.2 Premium per capita
6.1.3 Personal accident and health insurance penetration
6.2 Growth
6.2.1 Gross written premium
6.2.2 Gross written premium per capita
6.3 Efficiency and Risk
6.3.1 Loss ratio
6.3.2 Combined ratio
6.3.3 Incurred losses per capita
6.3.4 Incurred losses as a percentage of GDP
7 Algerian Insurance Industry Overview
7.1 Algerian Insurance Industry
7.2 Key Industry Trends and Drivers
7.3 Challenges
8 Industry Segmentation
8.1 Life Insurance
8.1.1 Individual life insurance
8.1.2 Group life insurance
8.2 Non-Life Insurance
8.2.1 Property insurance
8.2.2 Motor insurance
8.2.3 Liability insurance
8.2.4 Marine, aviation and transit insurance
8.3 Personal Accident and Health Insurance
8.4 Reinsurance
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Legislation Trends by Type of Insurance
9.2.1 Life insurance regulatory trends
9.2.2 Property insurance regulatory trends
9.2.3 Motor insurance regulatory trends
9.2.4 Liability insurance regulatory trends
9.2.5 Marine, aviation and transit insurance regulatory trends
9.2.6 Health insurance regulatory trends
9.3 Compulsory Insurance
9.3.1 Compulsory insurance of motor vehicles
9.3.2 Aviation Insurance
9.3.3 Insurance against natural disaster
9.4 Supervision and Control
9.4.1 International Association of Insurance Supervisors
9.4.2 African Insurance Organization
9.4.3 Consel National Des Assurances
9.5 Non-Admitted Insurance Regulatory
9.5.1 Overview
9.5.2 Intermediaries
9.5.3 Market Practices
9.6 Company Registration and Operations
9.6.1 Types of Insurance Organisation
9.6.2 Establishing a local company
9.6.3 Foreign Ownership
9.6.4 Types of License
9.6.5 Capital Requirements
9.6.6 Solvency Margins
9.6.7 Reserve Requirements
9.6.8 Investment Regulations
9.6.9 Statutory returns requirements
9.6.10 Policy Terms and Conditions
9.7 Taxation
9.7.1 Insurance Premium or Policy Taxation
9.7.2 Corporate Tax
9.7.3 VAT
9.7.4 Captives
9.8 Legal System
9.8.1 Introduction
9.8.2 Access to Court
9.8.3 Alternative Dispute Resolution (ADR)
10 Competitive Landscape
10.1 Overview
10.2 Leading Companies
10.2.1 Société Nationale d’Assurance – company overview
10.2.2 Compagnie Algerienne d’Assurance et de Reassurance – company overview
10.2.3 Compagnie Algerienne d’Assurance Transport – company overview
10.2.4 Compagnie d’Assurances des Hydrocarbures – company overview
10.2.5 Alliance Assurance – company overview
11 Economic Indicators
11.1 GDP at Constant Prices (US$)
11.2 GDP per Capita at Constant Prices (US$)
11.3 GDP at Current Prices (US$)
11.4 GDP per Capita at Current Prices (US$)
11.5 GDP by Key Segments
11.6 Inflation Rate
11.7 Exports as a Percentage of GDP
11.8 Imports as a Percentage of GDP
11.9 Total Internet Subscribers
11.1 Labor Force
11.11 Unemployment Rate
11.12 Total Population
12 Appendix
12.1 Methodology
12.2 Contact Timetric
12.3 About Timetric
12.4 Timetric’s Services
12.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Algerian Insurance Overall Written Premium by Segment (DZD Billion), 2008–2012
Table 3: Algerian Insurance Overall Written Premium by Segment (US$ Million), 2008–2012
Table 4: Algerian Insurance Overall Written Premium by Segment (DZD Billion), 2012–2017
Table 5: Algerian Insurance Overall Written Premium by Segment (US$ Million), 2012–2017
Table 6: Algerian Insurance Segmentation (% Share), 2008–2017
Table 7: Algerian Life Insurance – Written Premium by Category (DZD Billion), 2008–2012
Table 8: Algerian Life Insurance – Written Premium by Category (US$ Million), 2008–2012
Table 9: Algerian Life Insurance – Written Premium by Category (DZD Billion), 2012–2017
Table 10: Algerian Life Insurance – Written Premium by Category (US$ Million), 2012–2017
Table 11: Algerian Life Insurance – Paid Claims (DZD Billion), 2008–2012
Table 12: Algerian Life Insurance – Paid Claims (DZD Billion), 2012–2017
Table 13: Algerian Life Insurance – Incurred Loss (DZD Billion), 2008–2012
Table 14: Algerian Life Insurance – Incurred Loss (DZD Billion), 2012–2017
Table 15: Algerian Life Insurance – Loss Ratio (%), 2008–2012
Table 16: Algerian Life Insurance – Loss Ratio (%), 2012–2017
Table 17: Algerian Life Insurance – Combined Ratio (%), 2008–2012
Table 18: Algerian Life Insurance – Combined Ratio (%), 2012–2017
Table 19: Algerian Life Insurance – Retentions (DZD Billion), 2008–2012
Table 20: Algerian Life Insurance – Retentions (DZD Billion), 2012–2017
Table 21: Algerian Individual Life Insurance – Written Premium (DZD Billion), 2008–2012
Table 22: Algerian Individual Life Insurance – Written Premium (DZD Billion), 2012–2017
Table 23: Algerian Group Life Insurance – Written Premium (DZD Billion), 2008–2012
Table 24: Algerian Group Life Insurance – Written Premium (DZD Billion), 2012–2017
Table 25: Algerian Non-Life Insurance – Written Premium by Category (DZD Billion), 2008–2012
Table 26: Algerian Non-Life Insurance – Written Premium by Category (US$ Million), 2008–2012
Table 27: Algerian Non-Life Insurance – Written Premium by Category (DZD Billion), 2012–2017
Table 28: Algerian Non-Life Insurance – Written Premium by Category (US$ Million), 2012–2017
Table 29: Algerian Non-Life Insurance – Paid Claims (DZD Billion), 2008–2012
Table 30: Algerian Non-Life Insurance – Paid Claims (DZD Billion), 2012–2017
Table 31: Algerian Non-Life Insurance – Incurred Loss (DZD Billion), 2008–2012
Table 32: Algerian Non-Life Insurance – Incurred Loss (DZD Billion), 2012–2017
Table 33: Algerian Non-Life Insurance – Loss Ratio (%), 2008–2012
Table 34: Algerian Non-Life Insurance – Loss Ratio (%), 2012–2017
Table 35: Algerian Non-Life Insurance – Combined Ratio (%), 2008–2012
Table 36: Algerian Non-Life Insurance – Combined Ratio (%), 2012–2017
Table 37: Algerian Non-Life Insurance – Retentions (DZD Billion), 2008–2012
Table 38: Algerian Non-Life Insurance – Retentions (DZD Billion), 2012–2017
Table 39: Algerian Property Insurance – Written Premium (DZD Billion), 2008–2012
Table 40: Algerian Property Insurance – Written Premium (DZD Billion), 2012–2017
Table 41: Algerian Motor Insurance – Written Premium (DZD Billion), 2008–2012
Table 42: Algerian Motor Insurance – Written Premium (DZD Billion), 2012–2017
Table 43: Algerian Liability Insurance – Written Premium (DZD Billion), 2008–2012
Table 44: Algerian Liability Insurance – Written Premium (DZD Billion), 2012–2017
Table 45: Algerian Marine, Aviation and Transit Insurance – Written Premium (DZD Billion), 2008–2012
Table 46: Algerian Marine, Aviation and Transit Insurance – Written Premium (DZD Billion), 2012–2017
Table 47: Algerian Personal Accident and Health Insurance – Gross Written Premium (DZD Billion), 2008–2012
Table 48: Algerian Personal Accident and Health Insurance– Gross Written Premium (DZD Billion), 2012–2017
Table 49: Algerian Personal Accident and Health Insurance – Paid Claim (DZD Billion), 2008–2012
Table 50: Algerian Personal Accident and Health Insurance – Paid Claim (DZD Billion), 2012–2017
Table 51: Algerian Personal Accident and Health Insurance – Incurred Loss (DZD Billion), 2008–2012
Table 52: Algerian Personal Accident and Health Insurance – Incurred Loss (DZD Billion), 2012–2017
Table 53: Algerian Personal Accident and Health Insurance – Loss Ratio (%), 2008–2012
Table 54: Algerian Personal Accident and Health Insurance – Loss Ratio (%), 2012–2017
Table 55: Algerian Personal Accident and Health Insurance – Combined Ratio (%), 2008–2012
Table 56: Algerian Personal Accident and Health Insurance – Combined Ratio (%), 2012–2017
Table 57: Algerian Personal Accident and Health Insurance – Retentions (DZD Billion), 2008–2012
Table 58: Algerian Personal Accident and Health Insurance – Retentions (DZD Billion), 2012–2017
Table 59: Algerian Reinsurance Ceded by Insurance Industry (DZD Billion), 2008–2012
Table 60: Algerian Reinsurance Ceded by Insurance Industry (US$ Million), 2008–2012
Table 61: Algerian Reinsurance Ceded by Insurance Industry (DZD Billion), 2012–2017
Table 62: Algerian Reinsurance Ceded by Insurance Industry (US$ Million), 2012–2017
Table 63: Algerian Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 64: Algerian Life Insurance – Percentage of Reinsurance Ceded (%),2012–2017
Table 65: Algerian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 66: Algerian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 67: Algerian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 68: Algerian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 69: Corporate Tax Rates in Algeria for the Financial Year 2012-2013
Table 70: Société Nationale d’Assurance, Main Products
Table 71: Société Nationale d’Assurance, Key Employees
Table 72: Compagnie Algerienne d’Assurance et de Reassurance, Main Products
Table 73: Compagnie Algerienne d’Assurance et de ReassuranceAssurance, SA, Key Employees
Table 74: Compagnie Algerienne d’Assurance Transport, Main Products
Table 75: Compagnie Algerienne d’Assurance Transport, Key Employees
Table 76: Compagnie d’Assurances des Hydrocarbures, Main Products
Table 77: Alliance Assurance, Main Products
Table 78: Alliance Assurance, Key Employees

List of Figures
Figure 1: African Region – Economies and Population, 2011
Figure 2: African Region – Growth Trends in the Insurance Industry (%), 2007–2016
Figure 3: African Region – Total Industry Values by Segment (US$ Million), 2011
Figure 4: African Region – Life Insurance, Gross Written Premiums (%), 2007–2016
Figure 5: African Region – Life Insurance, Premium per Capita (%), 2007–2016
Figure 6: African Region – Life Insurance, Penetration Rate (%), 2011 and 2016
Figure 7: African Region – Life Insurance, Gross Written Premium Growth (%), 2007–2016
Figure 8: African Region – Life Insurance, Gross Written Premium per Capita Growth (%), 2007–2016
Figure 9: African Region – Life Insurance, Loss Ratio (%), 2011 and 2016
Figure 10: African Region – Life Insurance, Combined Ratios (%), 2011 and 2016
Figure 11: African Region – Life Insurance, Incurred Losses per Capita (US$), 2011 and 2016
Figure 12: African Region – Life Insurance, Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 13: African Region – Non-Life Insurance, Growth Trends (%), 2007–2016
Figure 14: African Region – Non-Life Insurance, Gross Written Premiums (%), 2007–2016
Figure 15: African Region – Non-Life Insurance, Premium per Capita (%), 2007–2016
Figure 16: African Region – Non-Life Insurance, Penetration Rate, 2011 and 2016
Figure 17: African Region – Non-Life Insurance, Gross Written Premium Growth (%), 2007–2016
Figure 18: African Region – Non-Life Insurance, Gross Written Premium per Capita Growth (%), 2007–2016
Figure 19: African Region – Non-Life Insurance, Loss Ratios (%), 2011 and 2016
Figure 20: African Region – Non-Life Insurance, Combined Ratios (%), 2011 and 2016
Figure 21: African Region – Non-Life Insurance, Incurred Losses per Capita (US$), 2011 and 2016
Figure 22: African Region – Non-Life Insurance, Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 23: African Region – Personal Accident and Health Insurance, Gross Written Premiums (%), 2007–2016
Figure 24: African Region – Personal Accident and Health Insurance, Premiums per Capita (US$), 2007–2016
Figure 25: African Region – Personal Accident and Health Insurance, Penetration Rate, 2011 and 2016
Figure 26: African Region – Personal Accident and Health Insurance, Gross Written Premium Growth (%), 2007–2016
Figure 27: African Region – Personal Accident and Health Insurance, Gross Written Premium per Capita Growth (%), 2007–2016
Figure 28: African Region – Personal Accident and Health Insurance, Loss Ratios (%), 2011 and 2016
Figure 29: African Region – Personal Accident and Health Insurance, Combined Ratios (%), 2011 and 2016
Figure 30: African Region – Personal Accident and Health Insurance, Incurred Losses per Capita (US$), 2011 and 2016
Figure 31: African Region – Personal Accident and Health Insurance, Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 32: Algerian Insurance Overall Written Premium by Segment (DZD Billion), 2008–2017
Figure 33: Algerian Insurance Market Dynamics by Segment, 2008–2017
Figure 34: Algerian Life Insurance – Written Premium by Category (DZD Billion), 2008–2017
Figure 35: Algerian Life Insurance – Written Premium by Category (% Share), 2012 and 2017
Figure 36: Algerian Life Insurance – Dynamics by Category, 2008–2017
Figure 37: Algerian Life Insurance – Paid Claims (DZD Billion), 2008–2012
Figure 38: Algerian Life Insurance – Paid Claims (DZD Billion), 2012–2017
Figure 39: Algerian Life Insurance – Incurred Loss (DZD Billion), 2008–2012
Figure 40: Algerian Life Insurance – Incurred Loss (DZD Billion), 2012–2017
Figure 41: Algerian Life Insurance – Loss Ratio (%), 2008–2012
Figure 42: Algerian Life Insurance – Loss Ratio (%), 2012–2017
Figure 43: Algerian Life Insurance – Combined Ratio (%), 2008–2012
Figure 44: Algerian Life Insurance – Combined Ratio (%), 2012–2017
Figure 45: Algerian Life Insurance – Retentions (DZD Billion), 2008–2012
Figure 46: Algerian Life Insurance – Retentions (DZD Billion), 2012–2017
Figure 47: Algerian Life Insurance – Penetration (%), 2008–2012
Figure 48: Algerian Life Insurance – Premium Per Capita (DZD), 2008–2012
Figure 49: Algerian Individual Life Insurance – Written Premium (DZD Billion), 2008–2012
Figure 50: Algerian Individual Life Insurance – Written Premium (DZD Billion), 2012–2017
Figure 51: Algerian Group Life Insurance – Written Premium (DZD Billion), 2008–2012
Figure 52: Algerian Group Life Insurance – Written Premium (DZD Billion), 2012–2017
Figure 53: Algerian Non-Life Insurance – Written Premium by Category (DZD Billion), 2008–2017
Figure 54: Algerian Non-Life Insurance – Written Premium by Category (%), 2012 and 2017
Figure 55: Algerian Non-Life Insurance – Dynamics by Category, 2008–2017
Figure 56: Algerian Non-Life Insurance – Paid Claims (DZD Billion), 2008–2012
Figure 57: Algerian Non-Life Insurance – Paid Claims (DZD Billion), 2012–2017
Figure 58: Algerian Non-Life Insurance – Incurred Loss (DZD Billion), 2008–2012
Figure 59: Algerian Non-Life Insurance – Incurred Loss (DZD Billion), 2012–2017
Figure 60: Algerian Non-Life Insurance – Loss Ratio (%), 2008–2012
Figure 61: Algerian Non-Life Insurance – Loss Ratio (%), 2012–2017
Figure 62: Algerian Non-Life Insurance – Combined Ratio (%), 2008–2012
Figure 63: Algerian Non-Life Insurance – Combined Ratio (%), 2012–2017
Figure 64: Algerian Non-Life Insurance – Retentions (DZD Billion), 2008–2012
Figure 65: Algerian Non-Life Insurance – Retentions (US$ Million), 2012–2017
Figure 66: Algerian Non-Life Insurance – Penetration (%), 2008–2012
Figure 67: Algerian Non-Life Insurance – Premium Per Capita (DZD), 2008–2012
Figure 68: Algerian Property Insurance – Written Premium (DZD Billion), 2008–2012
Figure 69: Algerian Property Insurance – Written Premium (DZD Billion), 2012–2017
Figure 70: Algerian Motor Insurance – Written Premium (DZD Billion), 2008–2012
Figure 71: Algerian Motor Insurance – Written Premium (DZD Billion), 2012–2017
Figure 72: Algerian Liability Insurance – Written Premium (DZD Billion), 2008–2012
Figure 73: Algerian Liability Insurance – Written Premium (DZD Billion), 2012–2017
Figure 74: Algerian Marine, Aviation and Transit Insurance – Written Premium (DZD Billion), 2008–2012
Figure 75: Algerian Marine, Aviation and Transit Insurance – Written Premium (DZD Billion), 2012–2017
Figure 76: Algerian Personal Accident and Health Insurance – Gross Written Premium (DZD Billion), 2008–2012
Figure 77: Algerian Personal Accident and Health Insurance – Gross Written Premium (DZD Billion), 2012–2017
Figure 78: Algerian Personal Accident and Health Insurance – Paid Claims by Category (DZD Billion), 2008–2012
Figure 79: Algerian Personal Accident and Health Insurance – Paid Claims (DZD Billion), 2012–2017
Figure 80: Algerian Personal Accident and Health Insurance – Incurred Loss (DZD Billion), 2008–2012
Figure 81: Algerian Personal Accident and Health Insurance – Incurred Loss (DZD Billion), 2012–2017
Figure 82: Algerian Personal Accident and Health Insurance – Loss Ratio (%), 2008–2012
Figure 83: Algerian Personal Accident and Health Insurance – Loss Ratio (%), 2012–2017
Figure 84: Algerian Personal Accident and Health Insurance – Combined Ratio (%), 2008–2012
Figure 85: Algerian Personal Accident and Health Insurance – Combined Ratio (%), 2012–2017
Figure 86: Algerian Personal Accident and Health Insurance – Retentions (DZD Billion), 2008–2012
Figure 87: Algerian Personal Accident and Health Insurance – Retentions (DZD Billion), 2012–2017
Figure 88: Algerian Personal Accident and Health Insurance – Penetration (%), 2008–2012
Figure 89: Algerian Personal Accident and Health Insurance – Premium Per Capita (DZD), 2008–2012
Figure 90: Algerian Reinsurance Ceded by Insurance Segment (DZD Billion), 2008–2017
Figure 91: Algerian Reinsurance – Dynamics by Insurance Segment, 2008–2017
Figure 92: Algerian Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 93: Algerian Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 94: Algerian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 95: Algerian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 96: Algerian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 97: Algerian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 98: Snapshot of Insurance Regulatory Framework in Algeria
Figure 99: Insurance Supervision and Control at Various Levels
Figure 100: Insurance Regulatory Frameworks For Company Registration and Operation
Figure 101: Algerian GDP at Constant Prices (US$ Billion), 2008–2012
Figure 102: Algerian GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 103: Algerian GDP at Current Prices (US$ Billion), 2008–2012
Figure 104: Algerian GDP Per Capita at Current Prices (US$), 2008–2012
Figure 105: Algerian GDP by Key Segments (%) 2007 and 2010
Figure 106: Algerian Inflation Rate (%), 2008–2012
Figure 107: Algerian Exports as a Percentage of GDP (%), 2007–2011
Figure 108: Algerian Imports as a Percentage of GDP (%), 2007–2011
Figure 109: Algerian Internet Subscriptions (Millions), 2007–2011
Figure 110: Algerian Size of Labor Force (Million), 2007–2011
Figure 111: Algerian Unemployment Rate (%), 2008–2012
Figure 112: Algerian Total Population (Million), 2008–2012

Société Nationale d’Assurance
Compagnie Algerienne d’Assurance et de Reassurance
Compagnie Algerienne d’Assurance Transport
Compagnie d’Assurances des Hydrocarbures
Alliance Insurance

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