Increased turnover of auto insurance in Algeria, to 6.29 billion dinars at a record rate of 9.20 percent, which is equivalent to 5.36 percent of the additional production of the insurance sector in the year 2008.
* The National Council of Insurance, this increase has been achieved thanks to the damage on the subscription guarantees all the dangers and harm of the collision, and the offering subsidized loans for the purchase of new vehicles, indicating that the notification is mandatory, however, more than three-quarters of the auto insurance market, thus keeping the branch of the auto insurance leads list of branches profitable for insurance companies.
* The loans would continue to secure the registration of the high growth rate of 7.12 percent; more than 839 million, a rise in consumption is linked to the high loan, and in this regard the National Council of Insurance in his note on the situational market insurance to the insurance sector in Algeria has achieved a turnover of 2008 reached 6.67 billion compared with 6.53 billion dinars in the year of 2007 dinars; an increase of 1.26 percent.
* The section "Transport" number of the estimated 7.5 billions Algerian dinars, an increase of 2.12 percent, a rise due to the good performance during the fourth quarter, which identified an increase of 2.90 percent, thanks to higher incomes for securing "air corps".
* According to the results prepared by the National Council of Insurance, all sections except the "credit" was defined an increase in turnover, the Board indicated that the most significant rise has been recorded in the "Layard" fires, accidents and hazards and varied and the "auto" to set the estimated growth rates, respectively, 8.32 percent and 9.20 percent.
* He added that the high price to ensure that "civil liability" and ensure "collision damage" had a bearing on the number of the section is estimated at about 4 points of additional growth. Followed by the "Layard," which scored an estimated turnover of 6.25 billion dinars, up 8.32 percent, 3.45 percent of achieving the additional production of the sector, thanks to the effects of growth, estimated at 8.32 and 2.43 percent in size.
* According to the same source in the section of fire, accidents and hazards and the various known
* The category of "engineering" the largest increase, up 60 percent thanks to the signing of several important contracts, particularly in the context of investment projects initiated by public authorities.
* With regard to the "dangers farming" has achieved a growth rate of 4.39 percent, recording revenues were estimated at 760 million dinars, and the significant growth achieved in the "farming risks" mainly to higher prices for grain purchase, which contributed to the increase in revenue for this section.
* The National Council of Insurance to ensure that the outcome of the proceeds amounted to 08.5 billions dinars; an increase of 8.46 percent, which is a contribution of 11 percent in production, thanks to the additional contribution of the sector, "group insurance", which has more than 50 percent of the produce section, thanks to the rate of growth estimated at 90 percent, and estimated its size by more than 45 percent of the income section.
* Insurance market remains dominated by traditional institutions like the insurance company of Algeria and the Algerian company of insurance and reinsurance and the Algerian company of insurance and transportation, the National Fund for Mutual Assistance of farming, which has 65 percent market share compared to 35 percent, a rise in the increase of new companies established since 1995.