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Insurance companies' debts approach 13 trillion!

March 16, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Insurance companies' debts approach 13 trillion!

A member of the board of the Algerian Union of Insurance and Reinsurance Companies, Hassan Khalifati, warned of the dangers of low pricing for insurance premiums in Algeria, stressing that it is time to apply a strict rule: 'No payment... No coverage.' He explained that the volume of accumulated debts in the insurance market is currently estimated between 90 and 130 billion dinars, equivalent to about 80 to 90 percent of the annual turnover of the sector, a level that threatens the solvency of companies and the stability of the market as a whole. Khalifati stated in a written statement to 'Echorouk' that continuing to provide insurance coverage without collecting premiums creates a serious imbalance, as companies bear significant risks without ensuring financial resources to meet compensation claims.

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