Algeria’s insurance market demonstrated robust growth in the first half of 2025, with total turnover reaching approximately 56.9 billion Algerian dinars. This marks a notable increase of 13.3% compared to the same period in 2024, underscoring the sector’s resilience and expanding role in the national economy. The surge in premium volume was accompanied by a rise in the number of contracts, which climbed to 4.27 million, an uptick of 2.7% year-on-year, indicating growing public engagement with insurance products and services.
Non-life insurance continued to dominate the market, accounting for 87.8% of total premiums, or roughly 46.7 billion dinars. Within this segment, property and casualty insurance stood out, contributing nearly 47 billion dinars and registering a 15% increase from the previous year. While the number of contracts in this category remained relatively stable, the higher premium values suggest a shift toward more comprehensive coverage and possibly improved pricing models. This trend reflects a maturing market where consumers and businesses are increasingly prioritizing risk management and asset protection.
The sector’s performance highlights Algeria’s progress in modernizing its financial services landscape. The consistent growth in insurance uptake points to rising consumer confidence and a broader awareness of the importance of financial security. As the country continues to invest in infrastructure, healthcare, and economic diversification, the insurance industry is poised to play a pivotal role in supporting these initiatives through tailored products and strategic risk mitigation.
Looking ahead, the Algerian insurance market is expected to benefit from ongoing regulatory reforms, digital transformation, and efforts to expand coverage across underserved regions. By fostering innovation and enhancing transparency, the industry can further strengthen its contribution to national development and economic stability. The first half of 2025 has set a promising tone for the remainder of the year, positioning Algeria’s insurance sector as a key pillar in its financial ecosystem.