Algeria to get first cyber insurance policies
Cyber insurance policies will soon be available in Algeria. Discussions had been started on offering insurance products to help businesses reduce financial losses that might result from cyber attacks, said Brahim Djamel Kessali, president of the Algerian Union of Insurance and Reinsurance Companies. Kessali added that the insurance industry would draw on the experiences of countries that have already set up cyber insurance, to appropriately model risk and pricing.
Insurance companies will soon offer cyber insurance products in Algeria, according to the President of the Algerian Union of Insurance and Reinsurance Companies (UAR), Mr Brahim Djamel Kessali.