Insurance in Nigeria
Insurance in NigeriaSummary
Insurance in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Synopsis
Essential resource for top-line data and analysis covering the Nigeria insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Key Highlights
The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.
The Nigerian insurance market had total gross written premiums of $1.1bn in 2016, representing a compound annual growth rate (CAGR) of 2.3% between 2012 and 2016.
The non-life insurance segment was the market's most lucrative in 2016, with total gross written premiums of $0.8bn, equivalent to 71.1% of the market's overall value.
The growth of the market has been decelerated since 2015 when the Nigerian economy entered recession.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Nigeria
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria insurance market with five year forecasts
Reasons to buy
- What was the size of the Nigeria insurance market by value in 2016?
- What will be the size of the Nigeria insurance market in 2021?
- What factors are affecting the strength of competition in the Nigeria insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in Nigeria's insurance market?
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