1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Insurance in Nigeria

Insurance in Nigeria

  • January 2017
  • -
  • MarketLine
  • -
  • 33 pages

Summary
Insurance in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Findings
- 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

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.

Reasons To Buy
- What was the size of the Nigeria insurance market by value in 2015?
- What will be the size of the Nigeria insurance market in 2020?
- What factors are affecting the strength of competition in the Nigeria insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Nigeria's insurance market?

Key Findings
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 $1.4bn in 2015, representing a compound annual growth rate (CAGR) of 3.1% between 2011 and 2015.

The non-life Insurance segment was the market's most lucrative in 2015, with total gross written premiums of $1.0bn, equivalent to 72.2% of the market's overall value.

A potential increase in capital requirements for Nigerian insurers is under discussion.

Table Of Contents

Insurance in Nigeria
Table of Contents
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Aiico Insurance PLC
AXA Mansard Insurance plc
Custodian and Allied Plc
Leadway Assurance Company Limited
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine


List of Tables
Table 1: Nigeria insurance market value: $ billion, 2011-15
Table 2: Nigeria insurance market category segmentation: $ billion, 2015
Table 3: Nigeria insurance market geography segmentation: $ billion, 2015
Table 4: Nigeria insurance market value forecast: $ billion, 2015-20
Table 5: Aiico Insurance PLC: key facts
Table 6: Aiico Insurance PLC: key financials ($)
Table 7: Aiico Insurance PLC: key financials (NGN)
Table 8: Aiico Insurance PLC: key financial ratios
Table 9: AXA Mansard Insurance plc: key facts
Table 10: AXA Mansard Insurance plc: key financials ($)
Table 11: AXA Mansard Insurance plc: key financials (NGN)
Table 12: AXA Mansard Insurance plc: key financial ratios
Table 13: Custodian and Allied Plc: key facts
Table 14: Custodian and Allied Plc: key financials ($)
Table 15: Custodian and Allied Plc: key financials (NGN)
Table 16: Custodian and Allied Plc: key financial ratios
Table 17: Leadway Assurance Company Limited: key facts
Table 18: Nigeria size of population (million), 2011-15
Table 19: Nigeria gdp (constant 2005 prices, $ billion), 2011-15
Table 20: Nigeria gdp (current prices, $ billion), 2011-15
Table 21: Nigeria inflation, 2011-15
Table 22: Nigeria consumer price index (absolute), 2011-15
Table 23: Nigeria exchange rate, 2011-15


List of Figures
Figure 1: Nigeria insurance market value: $ billion, 2011-15
Figure 2: Nigeria insurance market category segmentation: % share, by value, 2015
Figure 3: Nigeria insurance market geography segmentation: % share, by value, 2015
Figure 4: Nigeria insurance market value forecast: $ billion, 2015-20
Figure 5: Forces driving competition in the insurance market in Nigeria, 2015
Figure 6: Drivers of buyer power in the insurance market in Nigeria, 2015
Figure 7: Drivers of supplier power in the insurance market in Nigeria, 2015
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Nigeria, 2015
Figure 9: Factors influencing the threat of substitutes in the insurance market in Nigeria, 2015
Figure 10: Drivers of degree of rivalry in the insurance market in Nigeria, 2015
Figure 11: Aiico Insurance PLC: revenues and profitability
Figure 12: Aiico Insurance PLC: assets and liabilities
Figure 13: AXA Mansard Insurance plc: revenues and profitability
Figure 14: AXA Mansard Insurance plc: assets and liabilities
Figure 15: Custodian and Allied Plc: revenues and profitability
Figure 16: Custodian and Allied Plc: assets and liabilities

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Telecom Service Assurance Market by Software, Service, Organization Size, Deployment Type - Global Forecast to 2021

Telecom Service Assurance Market by Software, Service, Organization Size, Deployment Type - Global Forecast to 2021

  • $ 7150
  • Industry report
  • March 2017
  • by MarketsandMarkets

Factors such as voluminous increase in the number of subscribers, need for high optimization & increased cost savings, and ability to measure the performance of a service & Quality of Service are driving ...

IoT Insurance Market by Type, Application, and Geography - Global Forecast to 2022

IoT Insurance Market by Type, Application, and Geography - Global Forecast to 2022

  • $ 5650
  • Industry report
  • January 2017
  • by MarketsandMarkets

“IoT insurance market to grow at a CAGR of 65.89% between 2016 and 2022” The global IoT insurance market is estimated to be worth USD 42.76 billion by 2022, growing at a CAGR of 65.89% between 2016 ...

Service assurance for NFV/SDN: new requirements will lead to vendor opportunity and disruption

Service assurance for NFV/SDN: new requirements will lead to vendor opportunity and disruption

  • $ 4999
  • Industry report
  • January 2017
  • by Analysys Mason

"CSPs are demanding assurance solutions for NFV/SDN with cloud, analytics and automation features; this change is creating opportunities for vendors and disruption across the assurance value chain." This ...


ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.