Insurance in Nigeria

Market: Insurance

Nigeria, 33 pages report, published by MarketLine

Keywords : Insurance, Nigeria, MarketLine

Report ThumbnailJanuary-2017
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 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 $1.4bn 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.
  • 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 & profitability
  • Figure 12: Aiico Insurance PLC: assets & liabilities
  • Figure 13: AXA Mansard Insurance plc: revenues & profitability
  • Figure 14: AXA Mansard Insurance plc: assets & liabilities
  • Figure 15: Custodian & Allied Plc: revenues & profitability
  • Figure 16: Custodian & Allied Plc: assets & liabilities
  • 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 & Allied Plc: key facts
  • Table 14: Custodian & Allied Plc: key financials ($)
  • Table 15: Custodian & Allied Plc: key financials (NGN)
  • Table 16: Custodian & 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
  • 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 & Allied Plc
  • Leadway Assurance Company Limited
  • Macroeconomic Indicators
  • Country data
  • Methodology
  • Industry associations
  • Related MarketLine research
  • Appendix
  • About MarketLine

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