Emerging Capital Partners (ECP) invested in 2007.
Company Headquarters: Algeria
Business focus: Insurance
Revenue: EUR22 million
- In 2009, GAM sales grew twice as fast as the market with sales growth reaching 30%. Over the first half of 2010, GAM sales grew by more than 60%
- Thanks to a new centralized IT system, GAM can now make payments within 10 days of receiving claims in contrast with a considerably longer industry average
- GAM is now the largest insurance network in Algeria, with more than 400 points of sale
- ECP brought in a new management team and invested heavily in training all company staff, both in commercial skills and insurance expertise