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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
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