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.
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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
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
Aiico Insurance PLC
AXA Mansard Insurance plc
Custodian and Allied Plc
Leadway Assurance Company Limited
