Takaful is the fastest growing branch of insurance... an increase of 84 percent to 1.4 billion dinars, 36,000 new car contracts in 2025, and digitization raises accident reports. The insurance market in Algeria has achieved an unprecedented leap, surpassing for the first time the threshold of 200 billion dinars, stabilizing at 200.5 billion dinars by the end of 2025, with a remarkable growth of 8.8 percent. Amid this performance, Takaful insurance emerged as one of the most exciting surprises, achieving an explosive growth rate of 84.3 percent in just one year, despite the novelty of this activity and its limited size. However, in contrast, the number of reported files and accidents rose to more than 1.26 million files, while the value of reports recorded a sharp decline of 16.6 percent...
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
Most homes and farms are not insured against fires; farmers are the most exposed to losses due to weak subscription. New insurance products to face climate disasters, digitization, and artificial intelligence to reduce compensation times. Hassen Khalifati, a member of the board of the Algerian Union of Insurance and Reinsurance Companies, warned that the expansion of fires in Algeria, due to heat waves and climate changes, is met with a clear weakness in the demand for fire insurance, which increases the losses incurred by families, farmers, and economic institutions when disasters occur. Khalifati explained, in a statement to 'Echorouk', that there are no accurate and updated statistics to determine the percentage of homes or farms...
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