The Algerian Unified Automobile Bureau (BUAA) has lined up several digitalised insurance services for auto insurers which will also benefit motorists.
"We have project proposals that are being studied at the BUAA level. We will submit them soon to the Algerian Union of Insurance and Reinsurance Companies (UAR) and to the Insurance Supervision Commission (CSA),” said BUAA general manager Walid Saoud.
The projects include:
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E-constat, a digital platform currently in the development phase, which will allow motorists to lodge accident reports online, replacing the current paper-based system, said Mr Saoud in a statement to Algerian Press Service. E-constat will help reduce claims processing times and improve interaction between policyholders and insurance companies.
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E-certificate, which is a digital platform to issue online motor insurance policies and replace hard copies. This is to digitise the policy issuance process, strengthen the fight against fraud and facilitate checks by the authorities.
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A national insured vehicle database being developed by the BUAA to centralise data relating to all vehicles insured in Algeria. Insurance companies will be able to access essential information about vehicles easily, "which will strengthen traceability, simplify controls and contribute to more effective risk management".
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Development of improved versions of existing digital platforms, particularly E-recours, which is a digital platform launched at the end of 2022 to facilitate the management of automobile insurance claims between insurance companies
Mr Saoud said that all these initiatives "are part of a broader vision of the digital transformation of the insurance sector”, with the objectives of "modernising tools, streamlining processes and offering higher quality services to citizens while strengthening transparency and road safety".
BUAA is a joint stock company founded in 2014 whose share capital is held by all 13 companies undertaking motor insurance business in the Algerian insurance market.
Motor insurance, with premiums of DZD52.9bn ($396m) in the first nine months of 2024, accounted for nearly 50% of total property and casualty insurance premiums of DZD108.4bn over the same period in 2024.