2013-02-17 14:40:22 - New Financial Services market report from Timetric: "The Insurance Industry in Algeria, Key Trends and Opportunities to 2017"

In terms of gross written premium, Algeria has the fifth-largest insurance industry in Africa and the 64th largest globally. The industry recorded a CAGR of 9.00% during the review period, an increase that was primarily the result of an improved regulatory framework with more liberal polices relating to private participation, the introduction of bancassurance channels and compulsory third-party liability and natural disaster insurance provisions.

Key Highlights

* The Algerian insurance industry is one of the most concentrated in the African and Maghreb region.
* Infrastructure development has been a key focus of the Algerian government during the last decade, a situation which is expected to continue over the forecast period.
* The Algerian insurance industry is in its initial phase of

development and is considered one of the world’s most under developed insurance industries.
* The Algerian insurance regulatory body raised the minimum authorized capital of insurance companies in 2009.
* The non-life insurance segment accounted for a 92% share of the industry total in 2012.


Full Report Details at
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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 2008–2012 review period and forecast figures for the 2013–2017 forecast period
* It offers a detailed analysis of the key segments and categories in the Algerian insurance industry, along with industry forecasts until 2017
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
* It profiles the top insurance companies in Algeria and outlines the key regulations affecting them

Reasons to Purchase

* Make strategic business decisions using in depth historic and forecast industry data related to the Algerian insurance industry and each segment within it
* Understand the demand-side dynamics, key market trends and growth opportunities within the Algerian insurance industry
* Assess the competitive dynamics in the Algerian insurance industry
* Identify the growth opportunities and market dynamics within key segments
* Gain insights into key regulations governing the Algerian insurance industry and its impact on companies and the industry's future

Companies Mentioned in this Report: Societe Nationale d’Assurance, CAAR Assurance, Compagnie Algerienne d’Assurance Transport, Compagnie d’Assurances des Hydrocarbures, Alliance Insurance

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Algerian Insurance Industry Overview
3.1 Industry Overview
3.2 Algerian Insurance Industry – Market Size, 2008–2017
3.3 Key Industry Trends and Drivers
3.4 Challenges
4 Legislation, Supervision and Control
4.1 Legislation Overview and Historical Evolution
4.2 Legislation Trends by Type of Insurance
4.2.1 Life insurance regulatory trends
4.2.2 Property insurance regulatory trends
4.2.3 Motor insurance regulatory trends
4.2.4 Liability insurance regulatory trends
4.2.5 Marine, aviation and transit insurance regulatory trends
4.2.6 Health insurance regulatory trends
4.3 Compulsory Insurance
4.3.1 Compulsory insurance of motor vehicles
4.3.2 Aviation insurance
4.3.3 Insurance against natural disasters
4.4 Supervision and Control
4.4.1 International Association of Insurance Supervisors
4.4.2 African Insurance Organization
4.4.3 Consel National Des Assurances
5 Non-Admitted Insurance Regulatory
5.1 Overview
5.2 Intermediaries
5.3 Market Practices
6 Company Registration and Operations
6.1 Types of Insurance Organisation
6.2 Establishing a Local Company
6.3 Foreign Ownership
6.4 Types of License
6.5 Capital Requirements
6.6 Solvency Margins
6.7 Reserve Requirements
6.8 Investment Regulations
6.9 Statutory Returns Requirements
6.1 Policy Terms and Conditions
7 Taxation
7.1 Insurance Premium or Policy Taxation
7.2 Corporate Tax
7.3 VAT
7.4 Captives
8 Legal System
8.1 Introduction
8.2 Access to Court
8.3 Alternative Dispute Resolution (ADR)
9 Industry Segmentation
9.1 Life Insurance
9.1.1 Individual life insurance category
9.1.2 Group Life insurance category
9.2 Non-Life Insurance
9.2.1 Property insurance category
9.2.2 Motor insurance category
9.2.3 Liability insurance category
9.2.4 Marine, aviation and transit insurance category
9.3 Personal Accident and Health
10 Competitive Landscape
10.1 Overview
10.2 Leading Companies
10.2.1 Societe Nationale d’Assurance (SAA) – company overview
10.2.2 CAAR Assurance – company overview
10.2.3 Compagnie Algerienne d’Assurance Transport (CAAT) – company overview
10.2.4 Compagnie d’Assurances des Hydrocarbures (CASH) – company overview
10.2.5 Alliance Assurance – company overview
11 Macroeconomic Indicators
11.1 GDP at Constant Prices (US dollar)
11.2 GDP per Capita at Constant Prices (US dollar)
11.3 GDP at Current Prices (US dollar)
11.4 Value of Stock Market Transaction as a Percentage of GDP
11.5 Life Expectancy
11.6 Inflation rate
11.7 Exports as a Percentage of GDP
11.8 Number of Air Passengers
11.9 Healthcare Expenditure Per Capita
11.1 Healthcare Expenditure as a Percentage of GDP
11.11 Unemployment Rate
11.12 Total Population
12 Appendix
12.1 Methodology
12.1 Contact Us
12.2 About Timetric
12.3 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: Algerian Insurance Industry Written Premium by Segment (DZD Billion), 2008–2012

Full Table of Contents is available at:
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About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at www.fastmr.com/catalog/publishers.aspx?pubid=1037

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