The Algerian insurance market recorded, in H1 2020, a turnover decline of 13.5 percent. The latter went from 78 billion DZD (654.59 million USD) during the first six months of 2019 to 67.4 billion DZD (520.61 million USD) twelve months later.

Such decline is mainly due to the economic crisis caused by the Covid-19 pandemic, according to data published by the Algerian Union of Insurance and Reinsurance Companies (UAR),

With the exception of the fire activity, engineering and motor insurance declined by 40 percent and 11 percent tespectively during the period under review. Personal insurance fell by 13 percent mainly due to a 55 percent drop in travel insurance. In Algeria, travel insurance is classified as a personal insurance activity.

The turnover of the Q1 2020, including all activities, amounted to 40.6 billion DZD (326.41 million USD) against 42.7 billion DZD (354.23 million USD) as at 31 March 2019. Thus degrading by 4.9 percent over one year.

As at 31 March 2020, the direct market accounted for 97.7 percent of total premiums, that is, 39.6 billion DZD (318.37 million USD), a decrease of 5.3 percent over twelve months. International reinsurance acceptances have increased by 11.3 percent to reach 951.9 million DZD (7.65 million USD) against 855.4 million DZD (7.096 million USD) in 2019.

The P&C activity accounted for 87.8% of total premiums, that is 35.6 billion DZD (286.21 million DZD), thus declining by 5.3 percent This activity is driven by motor insurance which, with 56.2 percent of the total portfolio, recorded 20 billion DZD (160.79 million USD) in premiums. A decline of 6.9 percent compared to the 21.5 billion DZD (178.36 million USD) recorded at the end of Q1 2019.

It is followed by the Fire and Miscellaneous Risks (IRD) activity which recorded 13.3 billion DZD (106.93 million USD) : up by 0.2 percent with 37.3% of market share. The transport, agriculture and credit insurance activities come next. As for personal insurances, they recorded a 5.1 percent drop in collections that were set at 3.98 billion DZD (32 million USD).