The Insurance Industry in Algeria, Key Trends and Opportunities to 2020

Published: Oct, 2016 | Pages: 113 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis

Timetric's 'The Insurance Industry in Algeria, Key Trends and Opportunities to 2020' report provides a detailed analysis of Algerian insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020).

The report also gives a comprehensive overview of the Algerian economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes the impact of natural hazards on the insurance industry.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations and recent changes in the regulatory structure.

Summary

Timetric's 'The Insurance Industry in Algeria, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Algerian insurance industry, including:

• An overview of the Algerian insurance industry

• The Algerian insurance industry's growth prospects by segment and category

• A comprehensive overview of the Algerian economy and demographics

• A comparison of the Algerian insurance segments with its regional counterparts

• The detailed competitive landscape in the Algerian insurance industry

• Overview of distribution channels in the Algerian insurance industry

• Details of regulatory policy applicable to the Algerian insurance industry

• An analysis of natural hazards and their impact on the Algerian insurance industry

Scope

This report provides a comprehensive analysis of the insurance industry in Algeria:

• It provides historical values for the Algerian insurance industry for the report's 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

• It offers a detailed analysis of the key segments in the Algerian insurance industry, with market forecasts to 2020.

• 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.

• It covers the economy and demographics structure of Algeria.

• It analyzes the impact of natural hazards in the Algerian insurance industry.

Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Algerian insurance industry and each segment and category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Algerian insurance industry.

• Assess the competitive dynamics in the Algerian insurance industry.

• Identify growth opportunities and market dynamics in key segments.

• Gain insights into key regulations governing the Algerian insurance industry, and their impact on companies and the industry's future.

Key Highlights

• As the public budget declined following a drop in global oil prices, the government appealed to insurers to invest more of their earnings to support the growth of the nation's economy.

• During the review period, insurers in Algeria faced insolvency due to the domestic economic downturn and global economic volatility.

• Intense competition and product diversification helped insurers to expand their business into niche areas such as agriculture insurance, assistance cover and bancassurance.

• In order to improve public confidence regarding insurance, the Ministry of Finance limited the period for insurers to settle claims related to road traffic accidents to eight weeks.

• Increased awareness of agriculture insurance through aggressive promotions and developing products according to farmers' needs will drive farm insurance over the forecast period.

• Developing sophisticated insurance products in areas of civil liability, fire and water damage, targeting small- and medium-sized entrepreneurs, will drive the industry over the forecast period.

 Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Industry Outlook
4.1 Regional Comparison
4.2 Industry Indicators
4.2.1 Gross written premium
4.2.2 Claims

5 Life Insurance Outlook
5.1 Individual Life Insurance
5.1.1 Gross written premium
5.1.2 Penetration
5.2 Group Life Insurance
5.2.1 Gross written premium
5.2.2 Penetration

6 Non-Life Insurance Outlook
6.1 Property Insurance
6.1.1 Gross written premium
6.1.2 Penetration
6.1.3 Claims
6.2 Motor Insurance
6.2.1 Gross written premium
6.2.2 Penetration
6.2.3 Claims
6.3 Marine, Aviation and Transit Insurance
6.3.1 Gross written premium
6.3.2 Penetration
6.3.3 Claims

7 Personal Accident and Health Insurance Outlook
7.1 Personal Accident Insurance
7.1.1 Gross written premium
7.1.2 Penetration
7.1.3 Claims
7.2 Health Insurance
7.2.1 Gross written premium
7.2.2 Penetration
7.2.3 Claims
7.3 Travel Insurance
7.3.1 Gross written premium
7.3.2 Penetration
7.3.3 Claims

8 Reinsurance Outlook
8.1 Reinsurance Accepted

9 Distribution Channel Outlook

10 Natural Hazards
10.1 Flooding
10.2 Wildfires
10.3 Storms
10.4 Earthquakes
10.5 Exposure

11 Competitive Landscape
11.1 Company Profiles
11.1.1 Societe Nationale d'Assurance - company overview
11.1.2 Compagnie Algerienne d'Assurances - company overview
11.1.3 Compagnie Algerienne d'Assurance et de Reassurance - company overview
11.1.4 Compagnie d'Assurances des Hydrocarbures - company overview
11.1.5 Caisse Nationale de Mutualite Agricole - company overview

12 Governance, Risk and Compliance
12.1 Legislation Overview and Historical Evolution
12.2 Latest Changes in Regulation
12.3 Legislation and Market Practice by Type of Insurance
12.3.1 Life Insurance
12.3.2 Property Insurance
12.3.3 Motor Insurance
12.3.4 Liability insurance
12.3.5 Marine, aviation and transit insurance
12.3.6 Personal accident and health insurance
12.4 Compulsory Insurance
12.4.1 Motor third party liability insurance
12.4.2 Aviation third-party liability and aviation hull insurance
12.4.3 Property insurance against natural disasters
12.5 Supervision and Control
12.5.1 International Association of Insurance Supervisors
12.5.2 Conseil National des Assurances
12.6 Non-Admitted Insurance Regulation
12.6.1 Overview
12.6.2 Intermediaries
12.6.3 Market practices
12.6.4 Fines and Penalties
12.7 Company Registration and Operations
12.7.1 Type of insurance organization
12.7.2 Establishing a local company
12.7.3 Foreign ownership
12.7.4 Types of license
12.7.5 Capital requirements
12.7.6 Solvency margin
12.7.7 Reserve requirements
12.7.8 Investment regulations
12.7.9 Statutory return requirements
12.7.10 Fee structure
12.8 Taxation
12.8.1 Insurance premium or policy taxation
12.8.2 Withholding taxes on premium paid overseas
12.8.3 Corporate tax
12.8.4 VAT
12.8.5 Captives
12.9 Legal System
12.9.1 Introduction
12.9.2 Access to court
12.9.3 Alternative dispute resolution (ADR)

13 Databook
13.1 Life Insurance
13.1.1 Policies and premium
13.1.2 Claims and expenses
13.1.3 Individual life insurance
13.1.4 Individual life insurance by product
13.1.5 Group life insurance
13.1.6 Group life insurance by product
13.1.7 Non-linked policies
13.2 Non-Life Insurance
13.2.1 Policies and premium
13.2.2 Claims and expenses
13.2.3 Property insurance
13.2.4 Property insurance by product
13.2.5 Motor insurance
13.2.6 Motor insurance by product
13.2.7 Marine, aviation and transit insurance
13.3 Personal Accident and Health Insurance
13.3.1 Policies and premium
13.3.2 Claims and expenses
13.3.3 Personal accident insurance
13.3.4 Health insurance
13.3.5 Travel insurance

14 Definitions and Methodology
14.1 Definitions
14.2 Methodology

15 About Timetric
15.1 Contact Timetric
15.2 About Timetric
15.3 Timetric's Services
15.4 Disclaimer

List of Tables

Table 1: Algerian Insurance Industry - Key Facts, 2015
Table 2: Algerian Insurance Industry - Key Insurers, 2015
Table 3: Algerian Insurance Industry - Gross Written Premium by Segment (DZD Billion), 2011-2015
Table 4: Algerian Insurance Industry - Gross Written Premium by Segment (DZD Billion), 2015-2020
Table 5: Algerian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (DZD), 2011-2015
Table 6: Algerian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (DZD), 2015-2020
Table 7: Algerian Insurance Industry - Paid Claims by Segment (DZD Billion), 2011-2015
Table 8: Algerian Insurance Industry - Paid Claims by Segment (DZD Billion), 2015-2020
Table 9: Algerian Individual Life Insurance - Gross Written Premium (DZD Billion and US$ Million), 2011-2015
Table 10: Algerian Individual Life Insurance - Gross Written Premium (DZD Billion and US$ Million), 2015-2020
Table 11: Algerian Group Life Insurance - Gross Written Premium (DZD Billion and US$ Million), 2011-2015
Table 12: Algerian Group Life Insurance - Gross Written Premium (DZD Billion and US$ Million), 2015-2020
Table 13: Algerian Property Insurance - Gross Written Premium (DZD Billion and US$ Million), 2011-2015
Table 14: Algerian Property Insurance - Gross Written Premium (DZD Billion and US$ Million), 2015-2020
Table 15: Algerian Property Insurance - Paid Claims (DZD Billion and US$ Million), 2011-2015
Table 16: Algerian Property Insurance - Paid Claims (DZD Billion and US$ Million), 2015-2020
Table 17: Algerian Motor Insurance - Gross Written Premium (DZD Billion and US$ Million), 2011-2015
Table 18: Algerian Motor Insurance - Gross Written Premium (DZD Billion and US$ Million), 2015-2020
Table 19: Algerian Motor Insurance - Paid Claims (DZD Billion and US$ Million), 2011-2015
Table 20: Algerian Motor Insurance - Paid Claims (DZD Billion and US$ Million), 2015-2020
Table 21: Algerian Marine, Aviation and Transit Insurance - Gross Written Premium (DZD Billion and US$ Million), 2011-2015
Table 22: Algerian Marine, Aviation and Transit Insurance - Gross Written Premium (DZD Billion and US$ Million), 2015-2020
Table 23: Algerian Marine, Aviation and Transit Insurance - Paid Claims (DZD Billion and US$ Million), 2011-2015
Table 24: Algerian Marine, Aviation and Transit Insurance - Paid Claims (DZD Billion and US$ Million), 2015-2020
Table 25: Algerian Personal Accident Insurance - Gross Written Premium (DZD Billion and US$ Million), 2011-2015
Table 26: Algerian Personal Accident Insurance - Gross Written Premium (DZD Billion and US$ Million), 2015-2020
Table 27: Algerian Personal Accident Insurance - Paid Claims (DZD Million and US$ Thousand), 2011-2015
Table 28: Algerian Personal Accident Insurance - Paid Claims (DZD Million and US$ Thousand), 2015-2020
Table 29: Algerian Health Insurance - Gross Written Premium (DZD Million and US$ Million), 2011-2015
Table 30: Algerian Health Insurance - Gross Written Premium (DZD Million and US$ Thousand), 2015-2020
Table 31: Algerian Health Insurance - Paid Claims (DZD Million and US$ Million), 2011-2015
Table 32: Algerian Health Insurance - Paid Claims (DZD Million and US$ Thousand), 2015-2020
Table 33: Algerian Travel Insurance - Gross Written Premium (DZD Billion and US$ Million), 2011-2015
Table 34: Algerian Travel Insurance - Gross Written Premium (DZD Billion and US$ Million), 2015-2020
Table 35: Algerian Travel Insurance - Paid Claims (DZD Million and US$ Million), 2011-2015
Table 36: Algerian Travel Insurance - Paid Claims (DZD Million and US$ Million), 2015-2020
Table 37: Algerian Reinsurance - Premium Accepted (DZD Million and US$ Million), 2011-2015
Table 38: Algerian Reinsurance - Premium Accepted (DZD Million and US$ Million), 2015-2020
Table 39: Algerian Average Annual Loss by Hazard
Table 40: Societe Nationale d'Assurance Company - Key Facts
Table 41: Compagnie Algerienne d'Assurances Company - Key Facts
Table 42: Compagnie Algerienne d'Assurance et de Reassurance Company - Key Facts
Table 43: Compagnie d'Assurances des Hydrocarbures Company - Key Facts
Table 44: Caisse Nationale de Mutualite Agricole - Key Facts
Table 45: Algeria - Insurance Regulatory Framework Key Features
Table 46: Algeria - Life Insurance Regulatory Framework
Table 47: Algeria - Life Insurance Regulatory Framework
Table 48: Algeria - Motor Insurance Regulatory Framework
Table 49: Algeria - Liability Insurance Regulatory Framework
Table 50: Algeria - Corporate Tax Rates for the Financial Year 2016
Table 51: Algerian Life Insurance - Policies and Premium, 2011-2015
Table 52: Algerian Life Insurance - Policies and Premium, 2015-2020
Table 53: Algerian Life Insurance - Claims and Expenses, 2011-2015
Table 54: Algerian Life Insurance - Claims and Expenses, 2015-2020
Table 55: Algerian Life Insurance - Individual Life Insurance, 2011-2015
Table 56: Algerian Life Insurance - Individual Life Insurance, 2015-2020
Table 57: Algerian Life Insurance - Individual Life Insurance by Product, 2011-2015
Table 58: Algerian Life Insurance - Individual Life Insurance by Product, 2015-2020
Table 59: Algerian Life Insurance - Group Life Insurance, 2011-2015
Table 60: Algerian Life Insurance - Group Life Insurance, 2015-2020
Table 61: Algerian Life Insurance - Group Life Insurance by Product, 2011-2015
Table 62: Algerian Life Insurance - Group Life Insurance by Product, 2015-2020
Table 63: Algerian Life Insurance - Linked vs. Non-Linked Policies, 2011-2015
Table 64: Algerian Life Insurance - Linked vs. Non-Linked Policies, 2015-2020
Table 65: Algerian Non-Life Insurance - Policies and Premium, 2011-2015
Table 66: Algerian Non-Life Insurance - Policies and Premium, 2015-2020
Table 67: Algerian Non-Life Insurance - Claims and Expenses, 2011-2015
Table 68: Algerian Non-Life Insurance - Claims and Expenses, 2015-2020
Table 69: Algerian Non-Life Insurance - Property Insurance, 2011-2015
Table 70: Algerian Non-Life Insurance - Property Insurance, 2015-2020
Table 71: Algerian Non-Life Insurance - Property Insurance by Product, 2011-2015
Table 72: Algerian Non-Life Insurance - Property Insurance by Product, 2015-2020
Table 73: Algerian Non-Life Insurance - Motor Insurance, 2011-2015
Table 74: Algerian Non-Life Insurance - Motor Insurance, 2015-2020
Table 75: Algerian Non-Life Insurance - Motor Insurance by Product, 2011-2015
Table 76: Algerian Non-Life Insurance - Motor Insurance by Product, 2015-2020
Table 77: Algerian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
Table 78: Algerian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
Table 79: Algerian Personal Accident and Health Insurance - Policies and Premium, 2011-2015
Table 80: Algerian Personal Accident and Health Insurance - Policies and Premium, 2015-2020
Table 81: Algerian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 82: Algerian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 83: Algerian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
Table 84: Algerian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
Table 85: Algerian Personal Accident and Health Insurance - Health Insurance, 2011-2015
Table 86: Algerian Personal Accident and Health Insurance - Health Insurance, 2015-2020
Table 87: Algerian Personal Accident and Health Insurance - Travel Insurance, 2011-2015
Table 88: Algerian Personal Accident and Health Insurance - Travel Insurance, 2015-2020
Table 89: Insurance Industry Definitions