Market Report, "the Insurance Industry in Algeria, Key Trends and Opportunities to 2017", Published
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...
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