CAAR aims for 20 billion DZD turnover by 2028

The CEO of the Compagnie Algérienne d’Assurance et de Réassurance (CAAR), Ammar Meslouh, has outlined the key elements of the company’s 2026–2028 strategic plan.

Among its main objectives, CAAR is targeting a turnover exceeding 20 billion DZD (152.8 million USD) by 2028 and a market share of 15% in the coming years, up from the current 12%.

Through this roadmap, the company seeks to strengthen its position as a market leader, not only in terms of premium volume, but also in innovation, quality of service, product diversification, and contribution to the development of the national insurance sector.

To achieve this, several initiatives will be rolled out from 2026 onwards, including:

• the introduction of supplier credit insurance to enhance solvency and protect economic operators
• the launch of the "Caarama" mobile app, enabling users to report claims and submit compensation requests online
• the expansion of agricultural insurance coverage
• the development of new products for both businesses and individuals

As a reminder, CAAR is the oldest insurance company in Algeria.