دور تأمين المركبات في التوازن المالي لشركات التأمين

Abstract

This studyinvestigated and analyzed the pivotal roleplayed by the vehicleinsurance portfolio in achievingfinancialstability and balance for insurancecompanies in Algeria. The empiricalresearchwasconducted as a case studycentered on the Regional Directorate of the National Insurance Company (SAA) in Setif, utilizing a comprehensive quantitative and econometricanalysis of financial data spanning a time seriesfrom 2017 to 2025. The investigation adopted a descriptive-analyticalmethodology to establish the theoretical concepts surroundingfinancial balance and insurancecontracts. This wascoupledwith an econometricapproach, applyinglinearregressionmodels and statisticalcorrelation tests to measure the impact of the independent variables—namely, vehicleinsurance revenues, volume of accident claims, and recovered claims—on the dependent variables, whichincluded total corporate turnover and portfolio profit margins. The empiricalfindingsdemonstrated an overwhelming dominance of the motorinsurancebranchwithin the company’sinsurance portfolio, consistentlycontributing over 80% of the total turnover throughout the analyzedperiod. This makesit the primaryfinancial driver and the leading source of cash flows. Furthermore, the resultsconfirmed a strong, statisticallysignificant positive correlationbetween the branch's revenues and overallprofitability. However, thisfinancial performance remainshighly volatile and sensitive to continuoussurges in paid claims resultingfromtraffic accidents, combinedwithregulatory pressures to acceleratesettlements via newlyimplemented digital platforms. Consequently, the studyrecommendsadopting more flexible underwriting and pricingpolicies, alongside a seriousstrategic shift towarddiversifyinginto alternative insurance branches to mitigate the strategicrisksarisingfrom an over-reliance on vehicleinsurance