The Compagnie Centrale de Réassurance ( CCR ) is a joint-stock company with a share capital of 25 billion DA , owned by the Algerian State. The Company has its head office in Algiers ( Ouled Fayet ).
Nevertheless, CCR continues to occupy a major place in the reinsurance landscape in Algeria . Indeed, CCR offers its capacities in various branches of reinsurance to its national and international customers. Also, the CCR centralizes insurance against the effects of natural disasters, under the guarantee of the State, by reinsuring all the insurance companies of the Algerian market .
CCR ‘s activities extend to all forms of reinsurance and all branches of insurance. For this reason, it is in business relationship with all Algerian insurance companies as well as with a multitude of partners (insurers, reinsurers and brokers) throughout the world, and with which it develops a volume of business. important and benefits both nationally and internationally from a good brand image ( B+ rating issued by the AM Best Rating Agency ).
Based on the data provided by the Rating Agency AM Best at the end of 2016 , it is noted that over the last 5 years, the CCR presents the best technical performances represented by the “loss ratio” and the “combined ratio” of all reinsurers in the MENA region rated by rating agency AM Best.
Furthermore, the CCR actively participates in the regional organizations OAA, GAIF, FAIR, FANAF. She is a member of the unions and pools AWRIS, FAIR, Pool Marine and Non Marine, African Pool Aviation and Fire, Asian Pools Non Marine and Aviation.
One of the main strengths of the CCR is the quality of its qualified and multidisciplinary human resources. Our executives are rigorously selected, and they undergo in-depth training in the reinsurance professions, both nationally and abroad with advanced training courses at the level of the largest reinsurance companies in the world, in order to be able to serve our customers, both national and international. Our human capital benefits from a competitive work environment, and integrity is one of our main mottos.
In terms of social responsibility, the CCR integrates social, environmental and economic concerns into its activities on a voluntary basis. Thus, the company sponsors a certain number of sporting events, in particular those intended for young categories, certain university activities ( with our partners IEDF, ESC, USTHB, etc. ), in addition to certain charitable activities for the benefit of associations for the disabled. .
On a business environment that tends to improve after the crisis induced by the pandemic, and a reinsurance sector that is performing well both globally and regionally, CCR aims to further consolidate its share in the national market. , expand its presence and develop its business in target international markets.
Invested in a mission as a provider of capabilities and support for customers, it attaches particular importance to its vision as a player in modernizing the market by being a strategic center of skills.
As a leader, the CCR works continuously to increase its profitability, improve its skills and consolidate its position based on its values which are: listening, responsibility, transparency and leadership.
Write a Review
