Nacer Saïs Elected New President of the Algerian Insurance and Reinsurance Union

The Algerian Union of Insurance and Reinsurance Companies (UAR) has appointed Nacer Saïs, CEO of the Algerian Insurance Company (CAAT), as its new president for the 2026-2030 term. The decision was reached during an extraordinary general assembly on October 29, 2026, following the tenure of Youcef Benmicia, CEO of the National Insurance Company (SAA). The leadership team also includes new vice-presidents: Widad Belhouchet, CEO of CASH Assurances, and Mohamed Hakim Soufi, CEO of Macir Vie. This transition occurs as the insurance industry faces a period of cooling growth after reaching a record turnover of 200.5 billion dinars in 2025. Established in 1995, the UAR serves as a representative body for insurance professionals. The new board assumes office amidst ongoing discussions regarding the modernization of the sector, including digital initiatives and the potential restructuring of the organization’s statutes.