Page 105 - 33 edition GAIF Post-Conference July 2022

Mourad Kaoula (CEO – gig Algeria):

We see opportunities in new emering risk

ourad Kaoula, CEO of gig Algeria, is a chartered insurer with a demonstrated history
Mof working in the insurance industry. Skilled in negotiation, business planning, prop-
erty & casualty insurance, analytical skills, and sales, Mourad is a strong operations’professional with an advanced diploma in insurance from The Chartered
Insurance Institute “United Kingdom”. On the sidelines of the 33rd GAIF General Conference, Al Bayan Magazine met Mourad and conducted an interview
in which he talked about the main challenges and opportunities facing the insurance sector in the region and commented on cyber security, climate change
and epidemics. He further gave us an idea about the recent realizations of gig Algeria and its strategy for the upcoming years. Below is the Q & A.

Our strategy is to focus on bancassurance & telecom

• In your opinion, what are the main challenges and opportunities facing the becoming higher. And when we speak about cybersecurity, we need to speak about
insurance sector in the region? digitalization. Today, everyone is moving on digital and metaverse is becoming the
- As insurers, we see opportunities in any new emerging risk and when we say a new universe so we are changing our way of living. As a result, certain risks will
new risk, this means a lot of issues in terms of actuarial analysis and modeling on emerge so we then need to face them with the most effective way.
which everything in our activities and businesses is based on. Today, the big chal-
• What is the importance and added value of the 33rd GAIF General Conference?
lenge that we face is the scarcity of data, modelization remains the unique solution - The main objective of these kinds of conferences is the awareness among the
for insurers whene it comes to any new emerging risk despite its nature, Natural, insurance markets themselves. We need to get people more aware about the risks
Technological …etc. that we are facing especially that it is the same in each and every market.
Thus, modelization will be today the solution for all the issues that we have and this
• What are the recent realizations of gig Algeria?
will allow us not just to take the opportunities themselves but also to be responsible
- Gig is present in Algeria today since 2015 and during these years, we have been
to find solutions for the issues our customers face in their day to day lifes.
making the infrastructure to be able in the future to build what we have built in other
Metaverse is becoming the new universe territories thing which allows us today to play the first roles. Today, we have all the
means to realize this objective.
• The discussions in the conference concentrated on cyber security, pan-
demics, epidemics and climate change. What is your comment? Focus on things that nobody looked at before
- Climate change and cyber security are human made risks. Climate change is • What will be your strategy for the upcoming years?
linked directly to pollution and Nat Cat are basically linked to climate change itself, - The main one is to focus on things that nobody looked at before. Today, everybody
people are leaving some lands that they used to live since centuries before just to is looking for the existing clients. Algeria is 4 to 5 billion dollars premium market but
get cities which are getting wider and more crowded and which consequently makes we as insurers are only sharing one billion so there are 4 billion dollars missing that
risks impacts larger. nobody is looking for. Thus, we will be focusing on niche markets which will drive a
This is making our lives more difficult and also the exposure to natural disasters is real penetration of the insurance industry and accompany the financial inclusion.

105 AL BA Y AN ECONOMIC MAG - ISSUE 608 - JULY 2022