On March 16, 2023, Mr. FAID Laziz was appointed by presidential decree to the position of Minister of Finance in lieu of M. Kassali Brahim Djamel. As a result, he becomes the head of the national insurance council .
Prior to this, he held significant roles in public finance, including General Director of budget at the Ministry of Finance, Deputy Director of Budget studies and law enforcement at the Budget Directorate General, and financial controller for a number of ministries.
Created on January 25, 1995, The National Insurance Council was established by Order 95-07 and is chaired by the Ministry of Finances, it serves as the consultative body for public authorities on matters of insurance, regulation, and market growth.