Analyze the Relationship Between Non-Banking Financial Inclusion For Insurance Companies and Economic Diversification in Algeria During the Period (1980–2023) Using the VAR Model

Abstract

This study aims to analyze the relationship between non-banking financial inclusion for
insurance companies and economic diversification in Algeria during the period 1980–2023; Using
the VAR model and a descriptive approach, it highlights the need to adapt insurance products to
diverse groups, enhance profitability, and strengthen the link between financial depth and
economic growth to support African market integration. The study shows improvements in
registration and insolvency procedures, though bureaucracy remains a challenge; It also identifies
the limited spread of digital financial services as a key obstacle to expansion and stresses the
importance of building economic resilience amid geopolitical and developmental shifts.
Key words : Insurance Companies, Growth Creation, Financial Inclusion, VAR Model