Contribution of insurance sector to growth of the national economy

Abstract

The relationship between insurance and economic growth in developed countries is a very strong relationship, seeing that the insurance sector is one of the important and vital sectors through the key role played by insurance companies in the system Economic development in general, Reducing the risk and compensating those affected, leading to the development and stability of public and private sector activity. It was in this spirit that Algeria Sector in accordance with the best standards and professional practices and their application. Through this study, it was concluded that due to the weakness of the Algerian insurance market financially and technically, and the low level of investment. The insurance sector has failed in the relative contribution to economic growth. With the absence of the positive impact of insurance on economic growth, while the relationship between insurance and economic growth is a very weak relationship in Algeria