Algeria: Insurance market could grow gross premiums to around US$8bn

Source: Middle East Insurance Review | May 2026

The Algerian insurance market’s potential is around $7-8bn, far more than the “psychological threshold” of DZD200bn ($1.5bn) crossed in 2025, according to Mr Hassan Khelifati, Vice President of the Algerian Union of Insurance and Reinsurance Companies (UAR).

The insurance sector grew by 8.8% in 2025 to reach a record DZD200.5bn, including international acceptances.

In Mr Khelifati’s view, to realise the market potential, it is necessary to accelerate the adoption of the new insurance law and establish regulations to support the reforms, reported El Moudjahid.

The National Insurance Council (CNA), in its latest economic outlook, highlights overall continued growth in most branches of insurance, particularly property and casualty insurance, which accounted for nearly 83% of the market’s total premiums, or DZD166bn, last year. M

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