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Abderrezak Souffi, head of claims at GAM Assurances: "A reduced premium remains an unfunded promise"

August 18, 2026ECOTIMESecotimesdz.comTranslated from French
Abderrezak Souffi, head of claims at GAM Assurances: "A reduced premium remains an unfunded promise"

Abderrezak Souffi: The analysis of the Algerian damage insurance market highlights structural, economic, and competitive factors that hinder its expansion and weigh on the profitability of companies, portfolio diversification, and insurance culture. The portfolio remains dominated by automobile insurance, whose premium for the mandatory RC guarantee, administered, does not reflect …

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