The Insurance Industry in Nigeria, Key Trends and Opportunities to 2018

www.MarketResearchReports.com

The Insurance Industry in

Nigeria, Key Trends and

Opportunities to 2018

Category : Insurance

All logos and Images mentioned on this slide belong to their respective owners.

http://www.marketresearchreports.com/


Introduction to Report

Launch Date: August 5, 2014

Number of Pages: 176

Geography Coverage: Nigeria

Available Format: PDF

Price For Single User License: USD 1,950

Price For Site User License: USD 3,900

Price For Global User License: USD 5,850

Delivery Time: Within 24 Hours (During Working Days)



About the Report

In terms of written premium value, the Nigerian insurance industry grew at a review-period CAGR of 10.0%.

This was due to the strong performance of the life segment, which registered a CAGR of 22.2% during the review period. The industry is projected to grow at a CAGR of 7.5% over the forecast period.

The strength in the country’s economy, combined with the introduction of new laws by the Nigerian insurance regulator, is expected to contribute to the overall growth of the Nigerian insurance industry over the forecast period.



Scope:

It provides historical values for the Nigerian insurance industry for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.

It offers a detailed analysis of the key segments and categories in the Nigerian insurance industry, along with forecasts until 2018.

It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.

It profiles the top insurance companies in Nigeria, and outlines the key regulations affecting them.



Reasons to Buy:

Make strategic business decisions using in-depth historic and forecast industry data related to the Nigerian insurance industry and each segment within it.

Understand the demand-side dynamics, key trends and growth opportunities within the Nigerian insurance industry.

Assess the competitive dynamics in the Nigerian insurance industry.

Identify the growth opportunities and market dynamics within key segments.

Gain insights into key regulations governing the Nigerian insurance industry and its impact on companies and the industry's future.



Key Highlights:

The growth in the insurance industry during the review period was supported by the increase in individuals’ disposable income, along with a decrease in the country’s inflation rate and a gradual increase in its labor force.

The Nigerian insurance regulator introduced new accounting standards (IFRS) for the insurance industry in 2014, which was geared more towards harmonizing the entire insurance industry.

The Nigerian government, in collaboration with the insurance regulatory body, enacted several favorable legislations. These include 100% FDI in the insurance sector, and a wide range of compulsory insurance classes.



Key Highlights: Continues…

According to the Nigerian insurance regulator NAICOM, only 1% of the total adult population is insured.

This indicates a greater scope for new insurers intending to operate and establish the insurance business.

Most Nigerian motorists are unlicensed and uninsured, despite the motor insurance being compulsory in Nigeria.

Poverty has been a major obstacle for the growth of the Nigerian economy, as well as the overall insurance industry.



Report Coverage

1. Executive Summary

2. Regional Market Dynamics

3. Life Insurance Segment

4. Non-Life Insurance Segment

5. Personal Accident and Health Insurance Segment

6. Nigerian Insurance Industry Overview

7. Industry Segmentation

8. Governance, Risk and Compliance

9. Competitive Landscape

10.Macroeconomic Indicators

11.Appendix

For more details regarding Report coverage see the last slide




Company Coverage:

1. Leadway Assurance Co. Ltd

2. AIICO Insurance Plc

3. Custodian and Allied Insurance Plc

4. Niger Insurance Plc

5. Unic Insurance Plc

For more details regarding Report coverage see the last slide




Custom Research: Are you an industry professional, entrepreneur,

venture capitalist, investors and organization, then let us know your specific research requirements. Our goal is to cater to your requirements be it for a custom market research project, syndicated research report on a specific market or industry sector, newsletter creation, case study development or anything else related to marketing research.

For Any Customization Related query Visit IdeaCenter @http://www.marketresearchreports.com/idea-center

http://www.marketresearchreports.com/idea-center



How To Buy This Report?

Visit following URL to see Table of Content and purchase this publication:

http://mrr.cm/Zhu

About Market Research Reports, Inc.Market Research Reports provides a customized set of reports from reputed Publishers, built on the intelligence available within organizations and leverages on our motto of “Intelligence Redefined”.

Contact : Amitava SenEmail : [email protected]: +1 302-703-7787 (USA) +91-8762746600 (India)

http://mrr.cm/Zhu

http://mrr.cm/Zhu

mailto:[email protected]


The Insurance Industry in Nigeria, Key Trends and Opportunities to 2018

Business

Transcript of The Insurance Industry in Nigeria, Key Trends and Opportunities to 2018