CAAR

What CAAR does

CAAR (Compagnie Algérienne d'Assurance et de Réassurance) is Algeria's oldest insurance company, founded in 1963 as Caisse d'Assurance et de Réassurance immediately following national independence, headquartered in Algiers. The company operates as a multi-line insurer and reinsurer providing personal lines (home, automobile, mandatory natural catastrophe), commercial and industrial risks (fire, theft, business interruption, civil liability, technical and construction all-risks), transport insurance across maritime, aviation, and land modes, agricultural insurance (aquaculture, hail, livestock, greenhouse, irrigation, cereals), and reinsurance through a dedicated Central Reinsurance Division. The product suite is supplemented by a Specialist in Treasury Values (SVT) authorization enabling trading of government treasury bills.

The business model rests on three pillars: direct insurance distributed through the largest agency network in Algeria (189 agencies including 134 direct/indirect plus 55 bancassurance outlets) backed by five regional branches in Chéraga, Bouzaréah, Oran, Annaba, and Constantine; reinsurance capacity (accepting cessions domestically and offering international capacity); and financial investments via treasury securities. Customer acquisition combines field sales, bancassurance partnerships with Crédit Populaire d'Algérie (CPA) and Banque Nationale d'Algérie (BNA), and digital channels enabling online subscription for CATNAT, MRH, and MP Startup products with CIB card payment processing.

CAAR serves individual homeowners, SMEs and startups, agricultural operators, and large industrial/commercial enterprises, with vertical segmentation across these segments. Recent strategic activity includes 2025–2026 conventions with SONELGAZ, Banque Nationale de l'Habitat, Algeria Venture, Prime Agro Irrigation, and EXAL, alongside active engagement in digital transformation and AI conferences. The company employs approximately 1,869 people, reports 15.6 billion DA in annual revenue against a 21 billion DA social capital, and operates the wholly-owned subsidiary CAARAMA Assurance. President Director General Ammar MESLOUH has positioned modernization, digitalization, and talent development as central priorities while maintaining CAAR's identity as a reference insurer.

Name

CAAR

Legal name

Compagnie Algérienne d'Assurance et de Réassurance

Website

https://caar.dz

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CAAR is Algeria's oldest insurance and reinsurance company (founded 1963), providing multi-line coverage across personal, commercial, agricultural, transport, and reinsurance lines through 189 agencies and bancassurance partnerships with CPA and BNA.

Ownership category

akta.pro rank

Product category

Insurance and Reinsurance Services

NAICS

Insurance Carriers and Related Activities (524), Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Commercial Lines P&C Reinsurance (FSAOABAB)

akta.pro secondary industries

Property Treaty Reinsurance (FSAOAEAC), Commercial Package / Business Owners Policies (BOP) (FSAJAMAG)

Keywords

• Property insurance
• Casualty insurance
• Reinsurance services
• Agricultural insurance
• Automobile insurance

Headquarters

HQ city

Alger

HQ country

Algeria

HQ region

Africa

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance Premiums: CAAR generates revenue through collecting insurance premiums across multiple lines of business including property, casualty, automobile, agricultural, and reinsurance. The company reported 15.6 billion DA in annual revenue.
2. Reinsurance Operations: CAAR operates a Central Reinsurance Division established in 1963, providing reinsurance services to other insurers domestically and internationally.
3. Financial Investments: CAAR generates returns from financial placements including treasury bonds (Bons du Trésor), stock market investments, and capital participations. The company is authorized as a Specialist in Treasury Values (SVT) to trade government securities.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

CAAR is Algeria's oldest insurance and reinsurance company, providing a comprehensive multi-line product portfolio spanning personal lines (home, automobile, natural catastrophe), commercial and industrial risks (fire, theft, business interruption, civil liability, construction all-risks, machinery, IT), transport insurance (marine, aviation, land), agricultural insurance (aquaculture, hail, livestock, greenhouse, irrigation, cereals), specialty credit insurance, treasury securities investment services, and reinsurance through its Central Reinsurance Division.

Product overview

CAAR (Compagnie Algérienne d'Assurance et de Réassurance) is Algeria's oldest insurance company (founded 1963), operating as a multi-line insurer and reinsurer with a comprehensive product portfolio organized across three core activity pillars: direct insurance, reinsurance, and financial investments. The product suite spans personal lines (home, auto, natural catastrophes), commercial and industrial risks (fire, theft, business interruption, civil liability, technical risks including construction all-risks, machinery, and IT), transport insurance (maritime, aviation, land), agricultural insurance (aquaculture, hail, livestock, greenhouse, irrigation, cereals), specialty credit and treasury services, and reinsurance. CAAR serves individuals, professionals, SMEs/PMIs, large enterprises, and agricultural operators through 189 agencies and bancassurance partnerships with CPA and BNA. The company also offers online subscription for CATNAT, MRH, and MP/Startup products.

Differentiator

Problem solved

Functional benefit

Products and services

• Multirisque Habitation (MRH) Home insurance covering fire, explosion, lightning, electrical damage, glass breakage, water damage, theft, and civil liability for homeowners and tenants in Algeria.
• Multirisque Professionnelle Business multi-risk insurance for traders, artisans, SMEs/PMI, liberal professionals, and startups, covering fire, explosion, theft, glass breakage, loss of exploitation, cyber risk, professional assistance services, and civil liability.
• Assurance Automobile Mandatory automobile insurance providing civil liability, collision damage, glass breakage, theft, and fire and explosion coverage for vehicles.
• Assurance Catastrophes Naturelles (CATNAT) Mandatory natural catastrophe insurance covering officially decreed events including earthquakes, floods, mudslides, storms, and landslides, with reimbursement at 80% for residential and 50% for commercial/industrial properties.
• Incendies et Explosions Fire and explosion insurance covering direct fire, lightning, explosion, electrical damage, and associated risks including natural events, riots, and terrorism, as well as material and intangible damages.
• Multirisque Immeuble Building multi-risk insurance covering water damage, theft-related deterioration, owner civil liability, legal defense costs, loss of rent, new value coverage, and storm/hail on roofs.
• Vol de Marchandises et Vol en Coffre Insurance covering disappearance, destruction, and deterioration of goods inside insured premises due to theft or attempted theft, including through breaking and entering, clandestine entry, or violence, as well as money and securities in safes.
• Transport de Valeurs Valuables transport insurance covering damage and losses to insured objects during transport via post, railway, or shipping, from point of dispatch to delivery at destination.
• Assurance de Marchandises Transportées par Voie Terrestre (transport public) Goods transport insurance for public road or rail transport, available under 'all risks' or 'named perils' conditions, covering damage, losses, weight/quantity losses, disappearances, and theft.
• Assurance de Marchandises Transportées par Voie Terrestre (transport privé) Private goods transport insurance covering private carriers during transport via declared vehicles, available under 'characterized accidents' or 'all risks' conditions.
• R.C Voiturier Carrier civil liability insurance covering the financial consequences of the insured's liability for damage and/or losses to goods transported for reward by land transport.
• Marchandises Transportées par Voie Aérienne Air freight insurance covering merchandise transported by air and potentially supplemented by land, river, or sea transport, covering material damage, losses, weight/quantity losses, disappearances, and theft.
• Assurance Maritimes sur Facultés Marine cargo insurance covering goods transported by sea, potentially supplemented by land, river, or air transport, available under 'free of particular average' (FAP) or 'all risks' conditions, covering navigation losses, grounding, collision, and weather events.
• Navigation de Plaisance Pleasure boating insurance for owners of sailboats and inflatable boats, covering assistance, rescue, civil liability during water sports, and transport accidents during land transport or launching of the insured boat.

Quantifiable outcome

• 5 regional branches covering major Algerian cities
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and major.

• BNH (Banque Nationale de l'Habitat)coreChannel Partner/ Reseller/ Distributor · 26 May 2026A convention was signed on May 26, 2026 between CAAR and the Banque Nationale de l'Habitat to strengthen synergies between the two institutions and develop tailored solutions for their common clients and partners. This follows the existing bancassurance model.
• Algeria VenturecoreStrategic or Co-development Partner · 7 May 2026CAAR and Algeria Venture signed a framework convention on May 7, 2026 to strengthen cooperation in innovation and startup support. This partnership aims to develop solutions for emerging companies and foster entrepreneurship in Algeria.
• SONELGAZcoreStrategic or Co-development Partner · 1 July 2025CAAR signed a partnership convention with SONELGAZ on July 1, 2025 to provide insurance solutions for the national electricity and gas company and its employees.
• EXALmajorStrategic or Co-development Partner · 18 May 2025CAAR renewed its partnership with EXAL on May 18, 2025, continuing a longstanding commercial relationship.
• Prime Agro IrrigationmajorStrategic or Co-development Partner · 17 February 2025CAAR signed a partnership convention with Prime Agro Irrigation, a key player in the agricultural sector, during the Alger client seminar held on February 17, 2025.
• Crédit Populaire d'Algérie (CPA)coreChannel Partner/ Reseller/ DistributorBancassurance partnership for distributing insurance products through CPA bank branches across Algeria.
• Banque Nationale d'Algérie (BNA)coreChannel Partner/ Reseller/ DistributorBancassurance partnership for distributing insurance products through BNA bank branches across Algeria.
• CAARAMA AssurancecoreStrategic or Co-development PartnerCAARAMA Assurance is a subsidiary of CAAR, participating alongside the parent company in events such as the OAA 52nd Conference and General Assembly in June 2026.
• Union Algérienne des Sociétés d'Assurance et de Réassurance (UAR)majorStrategic or Co-development PartnerCAAR collaborates with UAR in organizing industry events such as the BID Group Annual Assemblies, representing the Algerian insurance industry collectively.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• AXA Algeria (now Allianz-side operations): International insurance group operating in Algeria with a multi-line P&C portfolio; comparable as a broader incumbent bringing international underwriting standards and digital capabilities to the same market.
• Munich Re: World-leading reinsurer with property, casualty, and specialty treaty/facultative offerings; comparable to CAAR's reinsurance division as both a capacity provider and competitor for international ceded business from Algerian and African primary insurers.
• SCOR: Global French-speaking reinsurer offering treaty and facultative reinsurance across P&C and life lines; directly comparable to CAAR's Central Reinsurance Division in terms of ceded-business model and cross-border reinsurance capacity.

Direct peers

• Alliance Assurances Algeria: Algerian P&C insurer offering personal and commercial coverage; competes head-to-head with CAAR for SME and individual customers via agency networks and bank partnerships.
• SAA (Société Algérienne des Assurances): Another major state-founded Algerian multi-line insurer offering overlapping P&C, auto, and personal lines products to individuals and enterprises across Algeria; directly comparable as a domestic peer competing for the same bancassurance and agency customers.
• CAAT (Compagnie Algérienne des Assurances et de Transport): Algerian state-owned insurer specializing in transport, industrial, and commercial risks — directly comparable to CAAR's transport/marine and corporate product lines in the same domestic market.
• Trust Algeria (Trust Assurances): Private Algerian multi-line insurer competing with CAAR across personal, commercial, and industrial lines within the same regulatory regime and bancassurance channels.
• CASH Assurances (Caisse Algérienne des Assurances): Algerian insurance company providing personal and commercial P&C products; comparable to CAAR in scale, domestic focus, and multi-channel agency/bancassurance distribution.

Regional players

• Carte Assurances (formerly Compagnie d'Assurance Tunisienne): Tunisian multi-line P&C and life insurer; comparable as a Maghreb peer with similar French-language regulatory regime, multi-channel distribution, and product breadth across personal and commercial lines.
• Wafa Assurance (Morocco): Leading Moroccan multi-line insurer with bancassurance-led distribution and a comparable Maghreb-francophone product mix; relevant regional peer for benchmarking CAAR's domestic strategy and potential cross-Maghreb expansion trajectory.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/CAARPageOfficielle
• LinkedInlinkedin.com/company/caarassurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CAAR