AISL Executive Summary
Algeria obtient un score AISL ajusté de 27.0/100 (hautement restrictif). Le marché de l'assurance y pesait 1.3 milliard $ en 2024, pour une pénétration de 0.5% du PIB. Le principal frein réglementaire à l'entrée est la cession légale obligatoire (CCR (État) — 50% min.). Le marché applique par ailleurs une notation minimale exigée par le régulateur.
Summary written from verified AISL data, not an opinion, a starting point for analysis.
Economy
Capital
Alger
Population
Not documented
GDP
$269.1 B
Currency
DZD
Insurance market
Market size
$1.3 B
Penetration
0.5%
Density / capita
Not documented
Growth (GDP proxy)
Not documented
Regulatory framework
Regulatory openness
Highly RestrictiveCompulsory cession
Yes
CCR (État) — 50% min.
Active friction mechanisms
2 / 7
Reference year
2024
AISL Score
Base score
33.8
Adjusted score (friction)
27.0
Regulatory access
72/100
Methodology breakdown
AISL recommendation: WAIT / DATA REVIEW (score V2 provisoire)
AISL Score Badge
Show the Algeria score — live — on your own site, in a deck or an email signature. The image updates automatically with every score revision, nothing to redo on your end.
- 1Copy the code below
- 2Paste it into your site, email or document
- 3The badge displays, always up to date
Similar markets
Structurally close profiles to Algeria, computed on market size, growth, sector structure, environment and founder judgment.
Market (2024)
Vie : 12%
$154.7M
Non-vie : 88%
$1.10 Md
Total : $1.26 Md
Total premiums
$1.3 B
Penetration
0.5%
Density / capita
Not documented
Growth
—
Number of insurers
—
International comparison
This market is -92% versus the OECD average (6.2% of GDP, 2024) and -91% versus the average across all reporting jurisdictions (5.4%, 2024).
Source: OECD, Global Insurance Market Trends 2025. These averages cover jurisdictions reporting to the OECD, not an exhaustive global sample.
Source: Atlas Magazine - African Insurance Market 2024
Macroeconomic context (2024)
GDP
$269.1 B
GDP growth
—
Population
—
Inflation
—
Currency
DZD
Source: IMF WEO DataMapper API
Regulatory mechanisms
CCR (État) — 50% min.
Source: GRF - Reinsurance Trade Barriers and Market Access Issues Worldwide, mai 2026
What this market requires at entry
2 active regulatory mechanisms on this market, with what each one concretely means for entering Algeria.
"What If" Simulator
Each active friction mechanism removes 3.4 points from this market's score (base score: 33.8, before regulatory friction). Uncheck a mechanism below to simulate its removal and see how many points this market would regain — using the exact AISL scoring formula.
Simulated score
27.0
2 mechanisms active (2 × 3.4 = −6.8 pts)
Market players
20 companies, 2024 premiums in USD millions
Market concentration
ConcentratedHHI 105243
Leader: Sociéete Nationale d'Assurance (17.8%) — 20 companies
HHI = Herfindahl-Hirschman Index, a standard market concentration measure (sum of squared shares). <1500 = competitive, 1500-2500 = moderately concentrated, >2500 = concentrated.
Segment Life (4 companies)
| Company | 2024 premiums (M$) | Market share | Change | 2025(estimated) | 2026(estimated) | 2027(estimated) | 2028(estimated) |
|---|---|---|---|---|---|---|---|
| L’Algerienne Vie | 30.0 | 2.5% | +0.5% | 45.0 | 67.5 | 101.3 | 151.9 |
| AXA Algerie Assurances Vie | 21.0 | 1.8% | +0.3% | 27.6 | 36.2 | 47.5 | 62.3 |
| TAAMINE Life Algerie (TALA) | 14.0 | 1.2% | +0.3% | 17.8 | 22.7 | 28.9 | 36.7 |
| Macir Vie | 10.0 | 0.8% | +0.1% | 11.5 | 13.2 | 15.2 | 17.5 |
Segment Non-Life (16 companies)
| Company | 2024 premiums (M$) | Market share | Change | 2025(estimated) | 2026(estimated) | 2027(estimated) | 2028(estimated) |
|---|---|---|---|---|---|---|---|
| Sociéete Nationale d'Assurance | 210.0 | 17.8% | -0.0% | 200.5 | 191.3 | 182.6 | 174.3 |
| CAAT des Assurances | 210.0 | 17.8% | +0.1% | 220.5 | 231.5 | 243.1 | 255.3 |
| Cash Assurances | 140.0 | 11.9% | +0.1% | 150.8 | 162.4 | 174.9 | 188.3 |
| CAAR Direction Generale | 120.0 | 10.2% | +0.0% | 120.0 | 120.0 | 120.0 | 120.0 |
| Caisse Nationale de Mutualite Agricole | 91.0 | 7.7% | +0.0% | 93.0 | 95.1 | 97.3 | 99.5 |
| Compagnie Internationale d’Assurance et de Reassurance (CIAR) | 73.0 | 6.2% | +0.2% | 87.4 | 104.5 | 125.1 | 149.7 |
| Trust Algeria Assurance et de Reassurance | 56.0 | 4.8% | +0.2% | 68.2 | 83.0 | 101.0 | 123.0 |
| Alliance Assurances | 43.0 | 3.6% | +0.1% | 48.7 | 55.1 | 62.3 | 70.5 |
| gig Algeria | 33.0 | 2.8% | +0.2% | 38.9 | 45.8 | 54.0 | 63.7 |
| Salama Assurances Algerie | 32.0 | 2.7% | +0.0% | 32.0 | 32.0 | 32.0 | 32.0 |
| Cardif Al.Djazair. | 29.0 | 2.5% | +0.2% | 33.6 | 39.0 | 45.3 | 52.5 |
| Generale Assurance Mediterraneen | 21.0 | 1.8% | +0.0% | 21.0 | 21.0 | 21.0 | 21.0 |
| Societe d’Assurance, de Prevoyance et de Sante | 17.0 | 1.4% | +0.1% | 19.3 | 21.8 | 24.7 | 28.0 |
| CAARAMA Assurance | 15.0 | 1.3% | -0.1% | 14.1 | 13.2 | 12.4 | 11.6 |
| AXA Algerie Assurances Dommage | 13.0 | 1.1% | -0.1% | 12.1 | 11.2 | 10.4 | 9.7 |
| Le Mutualiste | 2.0 | 0.2% | -0.2% | 1.5 | 1.2 | 0.9 | 0.7 |
Market share: official source figure when available, otherwise computed from the companies listed for this segment (not necessarily 100% of the country's total market). The 2025-2028 columns, in italics, are projections: never a blank cell, but the color indicates the reliability of the method used: gray = company-specific growth rate, amber = failing that, the country's market growth, orange = failing that, the country's GDP growth, light red = no growth data available, flat 0% by default.
Active reinsurers
11 reinsurers (national + regional operating in this zone), 2021 revenue in USD millions
| Reinsurer | Scope | Revenue 2021 (M$) | Net income (M$) | Observed growth | 2022(est.) | 2023(est.) | 2024(est.) | 2025(est.) | 2026(est.) | 2027(est.) | 2028(est.) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WAICA Re - Zimbabwe | Regional | — | — | — | — | — | — | — | — | — | — |
| Zep Re - Zimbabwe | Regional | — | — | — | — | — | — | — | — | — | — |
| Ghana Re - Kenya | Regional | — | — | — | — | — | — | — | — | — | — |
| CCR | National | — | — | — | — | — | — | — | — | — | — |
| Zep Re | Regional | — | — | — | — | — | — | — | — | — | — |
| CICA - Re | Regional | — | — | — | — | — | — | — | — | — | — |
| Waica Re - Kenya | Regional | — | — | — | — | — | — | — | — | — | — |
| Compagnie Centrale de Réassurance | National | 285.5 | 36.1 | +9.1% | 311.7 | 340.0 | 371.0 | 404.8 | 441.8 | 482.0 | 525.9 |
| Zep Re (PTA Reinsurance Co) | Regional | 213.0 | 18.1 | +2.3% | 218.0 | 223.0 | 228.0 | 233.2 | 238.6 | 244.0 | 249.6 |
| CICA-RE | Regional | 176.2 | 13.4 | +11.3% | 196.1 | 218.3 | 243.0 | 270.6 | 301.3 | 335.5 | 373.7 |
| WAICA Re | Regional | 153.3 | 19.9 | +49.5% | 229.5 | 343.3 | 513.5 | 768.1 | 1148.9 | 1719.1 | 2572.0 |
Source: Atlas Magazine, Reinsurance Yearbook 2023. Last real data available: fiscal year 2021 (left-hand columns). The "2028 revenue (estimated)" column, in italic gray, is a projection based solely on the growth rate observed between 2020 and 2021 (capped between -30% and +50%/year); this is not an observed figure and should be treated with caution, particularly for companies with volatile or negative net income.
AISL Summary
- AISL positioning: 27/100, "Highly Restrictive" market.
- Insurance market: $1.3B, fiscal year 2024.
- Main entry barrier: compulsory cession (CCR (État) — 50% min.).
- Sits 9.7 points below the regional average (5 scored markets).
Regional comparison
Average adjusted score in North Africa : 36.7 (out of 5 scored markets)
Algeria is 9.7 points below the regional average