Overview of the Algerian Insurance Sector in the Era of the Covid-19 Pandemic

Salah Eddine Nebbache
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Salah Eddine Nebbache: Higher School of Commerce, Algeria

IJEP, 2021, vol. 4, issue 3, Pages : 105-123

Abstract: The insurance sector in developed countries occupies a vital place in their economies and contributes to the country's development. This market, like so many others, is doomed to failure, at best, to stagnation. It must therefore be resilient to the economic situation and boost itself to growth. This paper aims to investigate the impact of the double crisis associated with the exceptional economic situation as well as the pandemic on the Algerian insurance sector. The findings reveal that the sector's employment is shrinking, along with a decline in insurance company recruitments. Furthermore, the overall market output is down, notably in the automotive insurance and assistance branches. Le secteur des assurances dans les pays développés occupe une place primordiale dans leurs économies et contribue à l’essor du pays. Ce secteur, comme tant d’autres, est voué à l’échec, au mieux à la stagnation. Il doit donc s’adapter à la conjoncture et aspirer à se positionner sur la tangente de la croissance. L'objectif de l'article est d'examiner l'impact de la double crise liée, à la fois, à la situation économique exceptionnelle et à la crise sanitaire pandémique sur le secteur algérien des assurances. Les résultats montrent que l'effectif du secteur marque une régression qui coïncide avec un recul des recrutements opérés par les sociétés d’assurance. Aussi, la production globale du marché marque une baisse notamment dans les branches assurance automobile, et assistance.

Keywords: insurance sector; double crisis; decline; market output; branches of insurance; secteur des assurances; double crise; recul; production; branches d’assurance (search for similar items in EconPapers)
Date: 2021
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