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Slowing economy weighs on insurance sector


Algeria’s slowing economy prompted its insurance industry's total premiums to slide nearly 8% year over year to more than 36 billion Algerian dinars ($336 million) in the first quarter, Middle East Insurance Review reported. Nonlife premiums declined 8.6% to DZD 32.5 billion. The fire and risk division's turnover fell 14.7% to DZD 10.3 billion in the first quarter.

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