Analyze the Relationship Between Non-Banking Financial Inclusion For Insurance Companies and Economic Diversification in Algeria During the Period (1980–2023) Using the VAR Model

Abstract

This study aims to analyze the relationship between non-banking financial inclusion for insurance companies and economic diversification in Algeria during the period 1980–2023; Using the VAR model and a descriptive approach, it highlights the need to adapt insurance products to diverse groups, enhance profitability, and strengthen the link between financial depth and economic growth to support African market integration. The study shows improvements in registration and insolvency procedures, though bureaucracy remains a challenge; It also identifies the limited spread of digital financial services as a key obstacle to expansion and stresses the importance of building economic resilience amid geopolitical and developmental shifts