Chapter

Maghreb: Naturalizing Insurance in Algeria, Morocco, and Tunisia

Samir Saul

in World Insurance

Published in print August 2012 | ISBN: 9780199657964
Published online September 2012 | e-ISBN: 9780191744709 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199657964.003.0016
Maghreb: Naturalizing Insurance in Algeria, Morocco, and Tunisia

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For decades, insurance addressed the European enclave communities in North Africa and general principles were adapted to their circumstances. An appendage of Europe's market, the North African market had an international character. However, it remained narrow, its growth constrained by the poverty of the majority of the population. With decolonization, insurance, like other sectors of the economy, passed into the hands of local actors who endeavoured to indigenize it, give it a national character, and accustom the population to its use with the result that pre-independence conditions and practices would adapt to new realities. The insurance market became less international but better implanted. This chapter discusses how insurance fared under its original European customers and how it was acclimatized to the national environment. Covering more than a century of history in three countries — Algeria, Morocco, and Tunisia — it is constructed around the internationalization/nationalization dichotomy. Each of the three parts focuses on specific turning points in the transformation of an international but exogenous business activity to a national economic sector.

Keywords: insurance industry; insurance history; North Africa; insurance market

Chapter.  8863 words. 

Subjects: International Business

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