Evolution of Insurance Revenues and their Contribution to GDP Composition in Algeria: An Analytical Study for the Period 2014-2023

Abstract: This study aims to analyze the revenues of insurance companies in Algeria for the period 2014-2023 and their contribution to the composition of the gross domestic product. The descriptive approach was relied upon to present the study variables and the analytical approach to interpret the data collected. Through this study, it was concluded that Algeria includes multi-specialized insurance companies. It provides its services by adopting various insurance formulas that serve the interests of all members of society, but its achieved returns constitute a very weak percentage in the composition of the gross domestic product, and this was confirmed after calculating the penetration rate, which reached its lowest percentage in 2023, being 0.52% compared to the rates achieved in global market. Keywords: Algeria, Insurance Sector, Insurance Company Revenues, Turnover, Penetration Rate JEL Classification Number: G22, C13