The motor insurance branch in Algeria reached DZD22.6bn ($175.3m), in the first quarter of this year, an increase of 4.9% or DZD1bn compared to the corresponding quarter in 2024, according to statistics released by the National Insurance Council (CNA).
This performance is attributed to the motor compulsory third-party liability (CTPL) insurance segment, which chalked up a 13.4% year-on-year growth to DZD4.6bn in 1Q2025. In turn, the increase in CTPL insurance premiums was due to a 15% hike in CTPL premium rates. Non-mandatory motor insurance also contributed to growth in the branch.
New regulatory measures stipulated in the 2025 Finance Law restrict the resale of imported vehicles within 36 months of customs clearance. This has contributed to market stability and the extension of the insurance coverage period. The sale of these vehicles is permitted after the repayment of the granted tax benefit.
Overall, Algeria’s insurance market registered a 14.2% increase in the first quarter of the year compared to 1Q2024, dominated by general insurance business. Total GWP reached DZD53.5bn in 1Q2025 compared to DZD46.8bn in the corresponding quarter in 2024.