Improving the Role of Eximbanks/ECAs in the OIC Member States
138
Algeria
Name of Entity: Compagnie Algerienne d’Assurance et de Garantie des Exportation (CAGEX)
Status: Public and private ownership (divided
equally between the shareholders: five state-
owned banks and five insurance companies)
Corporate Form: Public Corporation
Year of Establishment: 1996 Capital: DA 450 million
(USD 5.7 million)
Size of staff: N/A
Financial outturn: N/A Assets: N/A
Product Offerings
Financing
 None
Guarantee: None
Insurance
 Individual Policy Guarantee Policy: Covers individual contracts against credit risk and risks of
marketing/manufacturing interruption.
 Buyer Credit Guarantee Policy: Issued to the exporter’s bank for credit risk and issued to
exporter for risk of disruption in marketing/manufacturing.
 Export Credit Insurance: Covers annual turnover export from non-payment due to insolvency
of buyer, political risks, risks of non-transfer or natural disasters.
 Fairs and Exhibitions Insurance: Covers exporters engaging in trade fairs, exhibitions and other
business events worldwide against risk of non-transfer of equipment and exhibits and non-
transfer of funds from the sale of products.
 Co-insurance and reinsurance
Bonding facilities: None
Advisory and Other Services
 Rating of companies
 Debt collection services
Islamic Finance Instruments: None
Business Volumes:
USD Mn Year
ST Export Credit
Insurance
164 2012
Domestic Credit
Insurance
896 2013
Source: Aman Union Performance
Report 2012 and Aman Union
Performance Analysis Report 2013
Top Exports / Export Markets:
Products Exported (2013)
HS Code Description
Value (USD
Mn) %
27 Oil & Gas 63,376 98.2%
28-38 Chemicals 490 0.8%
16-24 Foodstuffs 187 0.3%
Others 475 0.7%
Total 64,529
100.0
%
Source: UN Comtrade
Top 3 Destinations (2013)
Order Country
Value (USD
Mn) %
1 Spain 12,185 18.9%
2 Italy 8,332 12.9%
3 France 5,625 8.7%
Others 38,387 59.5%
Total 64,529
100.0
%
Source: UN Comtrade