A statistical study of the industrial risk insurance sector in Algeria during the period (2010-2023)

Abstract

This study aims to examine major industrial risks within the Algerian economic and environmental context, highlighting their dual impacts. Unlike natural risks, which tend to be most severe at their onset, industrial risks often have delayed yet significant consequences. In some cases, both types of risks may occur simultaneously, intensifying the crisis and leading to severe damage to workers, surrounding communities, and workplace safety.The study explores how industrial risk management remains one of the biggest challenges facing businesses. While survival, continuity, and profitability are primary goals for any economic entity, effective risk management, mitigation strategies, and environmental adaptation are essential for achieving these objectives. Insurance is one of the most effective tools for managing industrial risks. This research employs a statistical approach, drawing on reports and data from insurance regulatory bodies, including the Ministry of Finance and the National Insurance Council.The findings underscore the critical role of industrial risk insurance in Algeria, as evidenced by statistical trends during the study period. The sector's growth is primarily driven by the mandatory nature of this type of insurance, alongside the expansion and increased output of the industrial sector over the years.