This chapter includes the following articles.
Although underdeveloped by both international and regional standards, Algeria’s insurance market has seen rapid growth in recent years. Publicly owned insurance firms dominate the sector and held a market share of 70.2% in the first quarter of 2012. Accounting for 91.4% of the total in 2011, property and casualty products make up the majority of premiums, while the life market share stood at 7.6%. Motor insurance is still the most popular product, accounting for almost 50% of premiums. The sector has recently seen a number of important developments, such as the compulsory separation of life and non-life businesses, which came into force in 2011 and which the government hopes will boost the life segment in the long term. The segment remains small, with just 1% market share in 2011. However, this is expected to grow rapidly. This chapter contains an interview with Jean-Laurent Granier, CEO Mediterranean-Latin American region, Axa Assurances.