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Nigeria Non-Life Insurance Market to 2027

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    Report

  • 45 Pages
  • November 2023
  • Region: Nigeria
  • MarketLine
  • ID: 5928040
Non-Life Insurance in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • Nigeria captured a share of 0.03% in the global non-life insurance market.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Nigeria
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Nigeria
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria non-life insurance market with five year forecasts by both value and volume

Reasons to Buy

  • What was the size of the Nigeria non-life insurance market by value in 2022?
  • What will be the size of the Nigeria non-life insurance market in 2027?
  • What factors are affecting the strength of competition in the Nigeria non-life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Nigeria's non-life insurance market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What has been the rationale behind recent M&A activity?
8 Company Profiles
8.1. AXA SA
8.2. Custodian Investment PLC
8.3. NEM Insurance Plc
8.4. Leadway Assurance Company Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Nigeria non-life insurance market value: $ billion, 2017-22
Table 2: Nigeria non-life insurance market category segmentation: % share, by value, 2017-2022
Table 3: Nigeria non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Nigeria non-life insurance market geography segmentation: $ billion, 2022
Table 5: Nigeria non-life insurance market value forecast: $ billion, 2022-27
Table 6: Nigeria non-life insurance market share: % share, by value, 2022
Table 7: AXA SA: key facts
Table 8: AXA SA: Annual Financial Ratios
Table 9: AXA SA: Key Employees
Table 10: AXA SA: Key Employees Continued
Table 11: AXA SA: Key Employees Continued
Table 12: Custodian Investment PLC: key facts
Table 13: Custodian Investment PLC: Annual Financial Ratios
Table 14: Custodian Investment PLC: Key Employees
Table 15: NEM Insurance Plc: key facts
Table 16: NEM Insurance Plc: Annual Financial Ratios
Table 17: NEM Insurance Plc: Key Employees
Table 18: Leadway Assurance Company Ltd: key facts
Table 19: Leadway Assurance Company Ltd: Key Employees
Table 20: Nigeria size of population (million), 2018-22
Table 21: Nigeria gdp (constant 2005 prices, $ billion), 2018-22
Table 22: Nigeria gdp (current prices, $ billion), 2018-22
Table 23: Nigeria inflation, 2018-22
Table 24: Nigeria consumer price index (absolute), 2018-22
Table 25: Nigeria exchange rate, 2018-22
List of Figures
Figure 1: Nigeria non-life insurance market value: $ billion, 2017-22
Figure 2: Nigeria non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Nigeria non-life insurance market geography segmentation: % share, by value, 2022
Figure 4: Nigeria non-life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the non-life insurance market in Nigeria, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Nigeria, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Nigeria, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Nigeria, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Nigeria, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Nigeria, 2022
Figure 11: Nigeria non-life insurance market share: % share, by value, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AXA SA
  • Custodian Investment PLC
  • NEM Insurance Plc
  • Leadway Assurance Company Ltd