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Nigeria Insurance Q4 2019

Nigeria Insurance Q4 2019

Key View :

Nigeria's insurance market is set to grow at mid single-digit rates over the next five years. Supported by a large andgrowing population, rising disposable household incomes and improving business and consumer confidence, the life and non-lifesegments offer increasingly attractive long-term investment opportunities. Premiums growth will, however, be limited due towidespread poverty and insurance affordability. As even the more affluent middle-class consumers tend to avoid purchasinginsurance, efforts need to be made to educate the Nigeria's potential consumer base about the benefits of life and non-lifeinsurance coverage. As oil prices pick up and the economic recovery gains traction, rising business and consumer spending shouldlead to faster headline growth in insurance premiums.

Key Industry View
Insurance SWOT
Industry Forecast
Life Premiums Forecast
Non-Life Premiums Forecast
Non-Life Sub-Sector Forecast
Industry Risk/Reward Index
Sub-Saharan Africa Insurance Risk/Reward Index
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
AXA Mansard Insurance
Leadway Assurance Company
MMI Holdings
Old Mutual Group
Insurance Methodology

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