Showing posts with label Algeria Commercial Life Insurance Market Analysis. Show all posts
Showing posts with label Algeria Commercial Life Insurance Market Analysis. Show all posts

Friday, November 30, 2018

Algeria Life Insurance Strategic Market Intelligence Research Report : Ken Research


The Report Strategic Market Intelligence: Life Insurance in Algeria -2017 gives a comprehensive analysis of the Algerian life insurance market in review period of 2012-2016 and also on forecast period of 2016-2021. The report offers detailed analysis various segments of Algeria’s life insurance market and compares it with its counterparts. The report provides analysis on various distribution channels, risk governance and its impact on life insurance in the country. This report will help in making strategic decisions based on forecasted data and helps in identifying competitive dynamics in the life insurance market. The key competitors in the life insurance market segment of the country are Caarama Assurance, Amana Assurances, Macir Vie and Tala taming Life Algerie. The products offered by the life insurers in the Algerian insurance market are Life insurance, Economy and Demographics, Regional position, Foreign Direct Investment, Country Risk, Investment Opportunities, Government Initiatives, Retail life insurance, Commercial life insurance, Foreign Direct Investment, Distribution channels, Banc assurance, Agencies, Direct marketing, Brokers, E-commerce, Competitive Landscape, Legislation and Compulsory insurance.
The insurance market in Algeria is one of the fastest growing markets in the country. When compared to the size of the economy, it is relatively small. The insurance market has low penetration and density coverage. The premiums are most collected from non – life insurance, though the life insurance market has higher growth rates.
After a few legal changes that brought about the partition of life and non – life insurance, life segment has seen intense growth and product diversification. After this partition, there have been significant developments in this branch. Due to the heavy spending of the state on health care and security, the operators struggle to capture market share in life insurance. The future of life insurances in Algeria will sport growth in retirement savings, travel coverage, group life insurances for corporates, group accident coverages and health coverage. In the recent years, personal insurance has been driving the market. Recently, many independent insurance companies have been established. This has led to innovation and personalisation of products and services to better the customer experience. The recent joint venture between Central Reinsurance Company and another major life and general insurance market has led to the establishment of a third – party payment system, which is a well - advanced innovative project in the region. Though a challenge that remains is the highly neglected private insurers due to public institutions collaborating with foreign players.
To know more, click on the link below:
Related Report:-
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249