Insurance sector prospects dependent on pace of broader economic liberalisation driven by pressure from the EU and WTO

Despite the influx of new companies, the older, state-owned, companies still command a 75% share of the insurance market

When the Algerian insurance market started to be liberalised in 1995 there were five state-owned and mutual companies (excluding the reinsurer CCR). By late 2005 there were 16, although nine of these are in the public sector, including two mutuals.