Insurance market: 7.3% growth at the end of September 2025

In detail, property and casualty insurance largely dominates the conventional sector with a share of 81.1% of the total, totalling turnover of 115.9 billion dinars between January and September, according to the economic report for the third quarter of 2025 published by the National Insurance Council (CNA). Life insurance, for its part, accumulated a total of 16.4 billion dinars at the end of September, with a more moderate growth rate of 4.2% compared to the same period in 2024. Motor insurance remains the sector's leading contributor. Representing 50.3% of total non-life insurance activity, this branch recorded a turnover of nearly 58.3 billion dinars at the end of September 2025, an increase of 5.2% compared to the same period in 2024. The CNA stated that this growth is mainly driven by the "non-compulsory risks" sub-sector, which grew by 7.2% year-on-year, reaching a turnover of 45.5 billion dinars. The "Fire and Miscellaneous Risks" branch is the second pillar of the sector with a turnover of nearly 48.5 billion dinars, marking an increase of 3.9%, or an additional production of 1.8 billion dinars compared to the same period in 2024. The agricultural sector stands out for its particularly favourable performance. In the first nine months of the year, the farm branch realised 1.9 billion dinars in turnover, representing a 22.5 % rise compared to the same period in 2024. According to the CNA, this momentum is attributable to the "animal production" sub-sector, which accounts for 44% of the agricultural sector and shows significant growth of 41.6%, equivalent to 251.5 million dinars in terms of turnover.

Islamic insurance is experiencing remarkable growth. The Takaful sector recorded double-digit growth of 92.6% and generated turnover of 820.9 million dinars, divided between 438.2 million dinars produced by the general Takaful branch and 382.7 million dinars by the family Takaful branch. This strong growth reflects the growing adoption of insurance products that comply with Islamic finance principles by Algerian customers.

On the reinsurance side, Compagnie Centrale de Réassurance posted international business revenue of 9.8 billion dinars as of September 30, 2025, a 13.1% increase compared to the same period in 2024. This performance illustrates the growth of reinsurance activity in international markets. In terms of claims, claims reported by customers to all insurance companies increased by a 3% in value at the end of September, reaching 71.1 billion dinars, and by 6.6% in the number of cases. However, the CNA notes that outstanding claims are estimated at 139.3 billion dinars, with more than 1.99 million claims pending settlement, highlighting the continuing challenges in terms of claim processing and settlement times.

Finally, the number of contracts taken out remained virtually stable at the end of September 2025, recording a slight decrease of 0.4% with 11.4 million contracts excluding international acceptances. This stagnation in the contract portfolio contrasts with the increase in premiums, suggesting an increase in the average value of contracts or a revaluation of rates in certain branches of the Algerian insurance sector.