Analysis of the development of damage insurance market in Algeria during the period 2016-2019

Abstract

This study aims to analyze the situation of damage insurance market in Algeria during the period 2016-2091, This was done through two phases, the first represented a descriptive and statistical analysis of the development of growth and solvency of the three legal forms of insurance companies to determine the best year for development, and then as a second phase, the company leading the market during this year. The study found that the year 2019 was during which the damage insurance market achieved Its highest growth rate was 4.604 percent, during which public companies acquired the largest market share. For the same period, loan branches had the highest growth rate of 18.2 percent. The solvency margin was 15 percent for CAAT, which confirmed the hypotheses of the study.