Algiers: The national insurance market achieved a turnover of DZD181.3 billion in 2024, marking an increase of 4.4% from the previous year, according to the National Insurance Council (CNA) in its last quarter 2024 economic report.
According to Algeria Press Service, the report highlights the growth achieved by the insurance sector, reflecting a positive trend in the market. This growth comes as a result of various strategic measures and policy implementations aimed at enhancing the insurance industry’s contribution to the national economy.
The CNA’s report provides insights into the financial dynamics of the sector, indicating a steady rise in insurance activities across the country. The figures suggest a robust performance in the industry, pointing towards potential areas for further development and investment.
Furthermore, the report underscores the importance of the insurance industry in supporting economic stability and growth, aligning with national objectives to bolster financial markets and promote sustainable economic development.