Algiers, December 16, 2025 – Algeria’s insurance sector has demonstrated a notable growth trajectory throughout the current year, particularly within the personal insurance segment. This sector has achieved double-digit growth, according to Abdelhakim Barrah, General Delegate of the Algerian Union of Insurance and Reinsurance Companies (UAR) who spoke earlier today in Algiers.
Barrah highlighted the “remarkable growth dynamics” observed across the insurance landscape. He attributed this positive trend to a combination of factors, including increased public awareness of insurance benefits and a growing economy. The personal insurance sector, encompassing life insurance and health insurance products, has been a key driver of this overall growth.
The UAR General Delegate emphasized that the insurance industry is playing an increasingly vital role in supporting Algeria’s economic development. He pointed to the sector’s ability to mobilize savings, finance investment projects, and provide financial security to individuals and businesses. The growth in personal insurance reflects a greater emphasis on financial planning and risk management among Algerian citizens.
While specific figures were not disclosed during the announcement, the UAR indicated that a comprehensive report on the sector’s performance will be released in the coming weeks. This report is expected to provide a detailed analysis of the various insurance segments and their contributions to the overall growth.
The positive outlook for the Algerian insurance sector underscores its potential to further contribute to the country’s economic diversification and social well-being. Continued innovation and adaptation to evolving market needs will be crucial for sustaining this growth momentum in the years ahead.
