Marine Insurance as a Catalyst for Export Development: Analyzing Algeria's Path to Economic Growth

Ouieme  SOUR

doi:10.34118/jeemr.v9i1.4231

Ouieme SOUR Abou Bekr Belkaid University of Tlemcen, MECAS Laboratory

DOI: https://doi.org/10.34118/jeemr.v9i1.4231

Keywords: Marine insurance, Exports, Algeria, Economic Growth, CAAT

Abstract

This paper examines the impact of marine insurance on the development of Algeria's export sector. It explores the relationship between marine insurance revenues and export growth, particularly for both hydrocarbon and non-hydrocarbon exports. By analyzing data from 2017 to 2022, the study demonstrates how marine insurance supports trade by protecting goods and vessels. It focuses on the Algerian Transport Insurance Company (CAAT) and the evolution of Algeria’s marine insurance market. The paper also discusses opportunities for improvement, recommending the adoption of modern technologies like AI and blockchain to enhance risk assessment and claims processing. The findings emphasize the importance of strengthening the maritime insurance sector to support Algeria's economic growth and trade expansion.

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