Situation report for the fourth quarter and the year 2020 of the national insurance market

insurance info

The Permanent Secretariat of the National Insurance Council (CNA) announces the publication, on its web portal ASSURAL (Assurances Algeria), of the Conjuncture Note of the national insurance market for the fourth quarter and for the year 2020, showing the provisional figures production and claims in the national market for damage insurance, personal insurance, as well as reinsurance.

The insurance market, all activities combined, shows, at the end of the 2020 financial year, a decline of 6.1%, thus recording a turnover (excluding international acceptances) of nearly 137.5 billion DA , against 146.3 billion DA in the same period of fiscal year 2019. As for international acceptances, they show an increase of 64.8%, compared to 31/12/2019, representing an additional turnover of 3.8 billion DA.

Concerning the written premiums of the insurance market (excluding international acceptances), during the 4th quarter of 2020, they total an amount of nearly 37 billion DA, an increase of 4.6%, i.e. an additional production of more than 1.6 billion DA, compared to the written premiums realized during the 4th quarter of 2019.

For their part, and during the same quarter, international acceptances jumped by 119.2%, showing an additional production of nearly 2.5 billion DA, for reach a turnover of more than 4.5 billion DA. Overall, the Algerian insurance market is still affected by the health crisis induced by the Covid-19 pandemic, like other economic and financial sectors around the world.

For more information, please consult the entire Fourth Quarter 2020 Conjoncture in France at the following link: https://cna.dz/Documentation/Travaux-du-CNA/Publications-du-CNA/(mode) /note