Algeria: Fire insurance contracts explode

Algeria: Fire insurance contracts explode

Algeria – The National Insurance Council recorded a sharp increase in fire insurance contracts in Algeria. Dzair Daily tells you more about this in its Tuesday, August 16, 2022 issue.

APS recorded sales of 1.610 billion centimes of fire insurance contracts in Algeria. That is, from January 1 to March 31, 2022. Indeed, the Algerians paid huge sums to insure their property against fires. This is what reports Sunrise In his daily life speaking Arabic.

It should be noted that insurance contracts increased by 17.2% in terms of amount compared to 2021. And 16.5% in terms of number of contracts. Indeed, a large number of citizens rushed to the offices and insurance agencies. This, for fear of repeating last year’s fire scenario.

In addition, these contracts relate to fires, explosions and natural disasters. It should be noted that the branches related to civil liability and miscellaneous financial losses increased by 7 and 43.2%, respectively. While the subsidies received for general liability insurance (RCG) amounted to 45.9% of the liability portfolio. This represents an increase of 6.8% over the same period in 2021.

Insurance Contracts: Here’s What Officials Think

The general manager of the Caisse Nationale de Mutualit√© Agricole (CNMA), Sherif Ben Habeelz, revealed that the demand for insurance from farmers has increased by a large percentage. The latter is over 26% nationally, while it was 15% a few years ago. In addition, Benhabbels claimed that all farmers affected by last year’s fires were compensated.

Noting that no agricultural damage was recorded after the fires that were recorded during the past 48 hours. According to the same official, the concerned authorities have taken all necessary precautions in case of emergency. More than that, Benhabbels took the opportunity to educate farmers about the importance of insurance.

In addition, the National Secretary of the National Union of Algerian Peasants, Karami Taher, intervenes. Therefore, he calls on citizens to be vigilant and careful to avoid any disaster. He adds that in the event of a fire or fire, it is necessary to alert the Civil Protection. This is to prevent the situation from getting out of control.

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