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

Published: Jan, 2014 | Pages: 163 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
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 key driver of growth in the Algerian insurance industry over the forecast period (2013?2017). Algeria is one of the largest oil and gas suppliers in the Maghreb region, and the leading supplier to Europe. Improving economic and business conditions in the EU are likely to increase domestic oil and gas consumption. Consequently, this should accelerate demand for marine, transit and engineering insurance products. 
Scope
This report provides a comprehensive analysis of the insurance industry in Algeria:
It provides historical values for Algerian insurance industry for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period 
It offers a detailed analysis of the key segments and categories in the Algerian insurance industry, along with forecasts until 2017
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions 
It profiles the top insurance companies in Algeria, and outlines the key regulations affecting them 
Reason To Buy
 Make strategic business decisions using in-depth historic and forecast industry data related in the Algerian insurance industry and each segment within it
Understand the demand-side dynamics, key trends and growth opportunities within the Algerian insurance industry
Assess the competitive dynamics in the the Algerian insurance industry
Identify the growth opportunities and market dynamics within key segments
Gain insights into key regulations governing the Algerian insurance industry and its impact on companies and the industry's future 
Key Highlights
 The Algerian insurance industry is experiencing change, with the globalization of economic exchanges and Algeria's shift towards a market economy
The industry recorded a CAGR of 9.8% during the review period, primarily due to an improved regulatory framework with more liberal polices relating to private participation, the introduction of Bancassurance, and compulsory third-party liability and natural disaster insurance provisions
In terms of gross written premium, Algeria has the sixth-largest insurance industry in Africa and the 67th-largest globally
The Algerian life insurance segment was the ninth-largest in Africa in 2012, and the 83rd-largest in the world
The industry is dominated by motor and property insurance. However, life insurance, which accounted for 4.8% of the total industry's written premium in 2012, is projected to attract large-scale investment

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regiol Market Dymics
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 Persol 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 Persol 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 Persol Accident and Health Insurance
8.4 Reinsurance
9 Governce, 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 tural disaster
9.4 Supervision and Control
9.4.1 Intertiol Association of Insurance Supervisors
9.4.2 African Insurance Organization
9.4.3 Consel tiol 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 Altertive Dispute Resolution (ADR)
10 Competitive Landscape
10.1 Overview
10.2 Leading Companies
10.2.1 Societe tiole 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 Persol Accident and Health Insurance - Gross Written Premium (DZD Billion), 2008-2012
Table 48: Algerian Persol Accident and Health Insurance- Gross Written Premium (DZD Billion), 2012-2017
Table 49: Algerian Persol Accident and Health Insurance - Paid Claim (DZD Billion), 2008-2012
Table 50: Algerian Persol Accident and Health Insurance - Paid Claim (DZD Billion), 2012-2017
Table 51: Algerian Persol Accident and Health Insurance - Incurred Loss (DZD Billion), 2008-2012
Table 52: Algerian Persol Accident and Health Insurance - Incurred Loss (DZD Billion), 2012-2017
Table 53: Algerian Persol Accident and Health Insurance - Loss Ratio (%), 2008-2012
Table 54: Algerian Persol Accident and Health Insurance - Loss Ratio (%), 2012-2017
Table 55: Algerian Persol Accident and Health Insurance - Combined Ratio (%), 2008-2012
Table 56: Algerian Persol Accident and Health Insurance - Combined Ratio (%), 2012-2017
Table 57: Algerian Persol Accident and Health Insurance - Retentions (DZD Billion), 2008-2012
Table 58: Algerian Persol 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 Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 68: Algerian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 69: Corporate Tax Rates in Algeria for the Fincial Year 2012-2013
Table 70: Societe tiole d'Assurance, Main Products
Table 71: Societe tiole 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