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February 22, 2026 | 3 months ago

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SAA CEO and UAR President Benmicia Youcef on the insurance market in 2026: “Favorable prospects” marked by modernization

During an interview published in December 2025 in issue 51 of Revue de l'Assurance, SAA CEO and UAR President Benmicia Youcef anticipates the major trends in the insurance market for 2026. According to him, the sector is continuing its gradual recovery, driven by rising revenues and accelerating digitalization.

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The outlook for the insurance sector in 2026 remains favourable, subject to continued reform and sector modernization. Recent growth can be attributed to rate increases, particularly in motor liability insurance, and the launch of major projects in construction, industry, and energy, which have stimulated the fire, miscellaneous risks, and engineering segments.

The market is expected to maintain its positive momentum, driven by personal insurance, motor insurance, Takaful, agricultural insurance, and segments related to major projects. However, the increase in claims, particularly in motor insurance (+9% more than 1 million claims for DA 135.5 billion), is weighing on the profitability and operational capacities. The complete digitization of the claims management chain, e-reporting, digital certification, and the integration of artificial intelligence tools are presented as key levers to reducing delays, combating fraud, and restoring policyholder confidence.

Emerging segments are performing strongly, with growth of 69% for Takaful and nearly 19% for agricultural insurance. The sector, which generated 144 billion dinars in the first nine months of 2025, remains dominated by property and casualty insurance, with motor insurance accounting for more than 80% of the portfolio. Despite this growth, the penetration rate remains below 1% of GDP, revealing significant development potential.


Modernization relies on digital transformation, product innovation, skills development, and improved governance, while requiring regulatory adjustments and financial market reform to expand investment instruments. Takaful and Sukuk are also identified as strategic levers to boost the national financial sector.

February 22, 2026 | algeria-logo

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