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The Insurance Industry in Niger, Key Trends and Opportunities to 2021

The Insurance Industry in Niger, Key Trends and Opportunities to 2021

Synopsis

Timetric’s 'The Insurance Industry in Niger, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Nigerien insurance industry.It provides key performance indicators such as written premium and claims during the review period (2012–2016) and forecast period (2016–2021).The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Nigerien economy and demographics, and provides detailed information on the competitive landscape in the country.The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'The Insurance Industry in Niger, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Nigerien insurance industry, including:

  • The Nigerien insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Nigerien economy and demographics
  • Details of the competitive landscape in the Nigerien insurance industry
  • The various distribution channels in the Nigerien insurance industry
  • Details of regulatory policy applicable to the Nigerien insurance industry
  • Analysis of natural hazards in the Nigerien insurance industry
Scope

This report provides a comprehensive analysis of the insurance industry in Niger:
  • It provides historical values for the Nigerien insurance industry for the report’s 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
  • It offers a detailed analysis of the key segments in the Nigerien insurance industry, with market forecasts to 2021.
  • It covers an exhaustive list of parameters, including written premium and claims.
  • It analyzes the various distribution channels in Niger.
  • It profiles the top insurance companies in Niger, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Nigerien insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Nigerien insurance industry.
  • Assess the competitive dynamics in the Nigerien insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Nigerien insurance industry and their impact on companies and the industry's future.
Key Highlights
  • In December 2016, the African Development Bank (AfDB) sanctioned a loan of XOF8.2 billion (US$13.8 million) to the Nigerien government for the installation of a 1,540km fibre optic cable. This will provide high speed internet, and also connect Niger with Algeria and Nigeria.
  • According to the United Nations Conference on Trade and Development, the Foreign Direct Investment (FDI) inflow to Niger has declined from XOF429.5 billion (US$ 841.3 million) in 2012 to XOF173.8 billion (US$292.8 million) in 2016, primarily due to poor infrastructure and attacks from militants.
  • In February 2017, the Conférence Interafricaine des Marchés de l'Assurance (CIMA) organized a conference on insurance and microinsurance sales via mobile.
  • According to a CIMA regulation established in 2012, microinsurers in Niger must form a public limited company to enter into the Nigerien insurance market, with a minimum share capital of XOF500.0 million (US$846,236.0).


  • Key Facts and Highlights
    • Table Nigerien Insurance Industry - Key Facts, 2016
    • Table Nigerien Insurance Industry - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
  • Industry Outlook
    • Regional Comparison
    • Industry Indicators
      • Gross written premium
        • Table Nigerien Insurance Industry - Gross Written Premium by Segment (XOF Billion), 2012-2016
        • Table Nigerien Insurance Industry - Gross Written Premium by Segment (XOF Billion), 2016-2021
        • Table Nigerien Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (XOF), 2012-2016
        • Table Nigerien Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (XOF), 2016-2021
      • Claims
        • Table Nigerien Insurance Industry - Paid Claims by Segment(XOF Billion), 2012-2016
        • Table Nigerien Insurance Industry - Paid Claims by Segment(XOF Billion), 2016-2021
      • Investments
        • Table Nigerien Insurance Industry - Total Investment Income by Segment (XOF Billion), 2012-2016
        • Table Nigerien Insurance Industry - Total Investment Income by Segment (XOF Billion), 2016-2021
        • Table Nigerien Insurance Industry - Life Insurance Investment Portfolio (XOF Billion), 2012-2016
        • Table Nigerien Insurance Industry - Life Insurance Investment Portfolio (XOF Billion), 2016-2021
        • Table Nigerien Insurance Industry - Non-Life Insurance Investment Portfolio (XOF Billion), 2012-2016
        • Table Nigerien Insurance Industry - Non-Life Insurance Investment Portfolio (XOF Billion), 2016-2021
        • Table Nigerien Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XOF Billion), 2012-2016
        • Table Nigerien Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XOF Billion), 2016-2021
  • Life Insurance Outlook
    • Individual Life Insurance
      • Direct written premium
        • Table Nigerien Individual Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2012-2016
        • Table Nigerien Individual Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2016-2021
      • Penetration
    • Group Life Insurance
      • Direct written premium
        • Table Nigerien Group Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2012-2016
        • Table Nigerien Group Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2016-2021
      • Penetration
  • Non-Life Insurance Outlook
    • Property Insurance
      • Direct written premium
        • Table Nigerien Property Insurance - Direct Written Premium (XOF Billion and US$ Million), 2012-2016
        • Table Nigerien Property Insurance - Direct Written Premium (XOF Billion and US$ Million), 2016-2021
      • Penetration
      • Profitability
        • Table Nigerien Property Insurance - Loss Ratio (%), 2012-2016
        • Table Nigerien Property Insurance - Loss Ratio(%), 2016-2021
    • Motor Insurance
      • Direct written premium
        • Table Nigerien Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2012-2016
        • Table Nigerien Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2016-2021
      • Penetration
      • Profitability
        • Table Nigerien Motor Insurance - Loss Ratio (%), 2012-2016
        • Table Nigerien Motor Insurance - Loss Ratio(%), 2016-2021
    • Liability Insurance
      • Direct written premium
        • Table Nigerien Liability Insurance - Direct Written Premium (XOF Million and US$ Million), 2012-2016
        • Table Nigerien Liability Insurance - Direct Written Premium (XOF Million and US$ Million), 2016-2021
      • Penetration
      • Profitability
        • Table Nigerien Liability Insurance - Loss Ratio (%), 2012-2016
        • Table Nigerien Liability Insurance - Loss Ratio(%), 2016-2021
    • Marine, Aviation and Transit Insurance
      • Direct written premium
        • Table Nigerien Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2012-2016
        • Table Nigerien Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2016-2021
      • Penetration
      • Profitability
        • Table Nigerien Marine, Aviation and Transit Insurance - Loss Ratio (%), 2012-2016
        • Table Nigerien Marine, Aviation and Transit Insurance - Loss Ratio(%), 2016-2021
  • Personal Accident and Health Insurance Outlook
    • Gross written premium
      • Table Nigerien Personal Accident and Health Insurance - Gross Written Premium (XOF Billion and US$ Million), 2012-2016
      • Table Nigerien Personal Accident and Health Insurance - Gross Written Premium (XOF Billion and US$ Million), 2016-2021
    • Penetration
    • Claims
      • Table Nigerien Personal Accident and Health Insurance - Paid Claims (XOF Billion and US$ Million), 2012-2016
      • Table Nigerien Personal Accident and Health Insurance - Paid Claims (XOF Billion and US$ Million), 2016-2021
    • Profitability
      • Table Nigerien Personal Accident and Health Insurance - Loss Ratio (%), 2012-2016
      • Table Nigerien Personal Accident and Health Insurance - Loss Ratio(%), 2016-2021
  • Reinsurance Outlook
    • Reinsurance Accepted
      • Table Nigerien Reinsurance - Premium Accepted (XOF Million and US$ Million), 2012- 2016
      • Table Nigerien Reinsurance - Premium Accepted (XOF Million and US$ Million), 2016- 2021
    • Premium Ceded
      • Table Nigerien Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2012- 2016
      • Table Nigerien Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2016- 2021
  • Distribution Channel Outlook
  • Natural and Man-Made Hazards
    • Flooding
    • Droughts
    • Man-Made Disasters
    • Exposure
  • Competitive Landscape
    • Table Nigerien Insurance Industry - Market Shares of Leading Insurers (%), 2015
    • Table Nigerien Life Insurance Segment - Market Shares of Leading Insurers (%), 2015
    • Table Nigerien Non-Life Insurance Segment - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Compagnie d'Assurances et de Reassurances du Niger - company overview
        • Table Compagnie d'Assurances et de Reassurances du Niger - Key Facts
      • Societe Nigerienne d'Assurances et de Reassurances - company overview
        • Table Societe Nigerienne d'Assurances et de Reassurances - Key Facts
      • Sunu Assurances Vie Niger - company overview
        • Table Sunu Assurances Vie Niger - Key Facts
      • La Nigerienne d'Assurances et de Reassurances - company overview
        • Table La Nigerienne d'Assurances et de Reassurances - Key Facts
      • Sunu Assurances IARD Niger - company overview
        • Table Sunu Assurances IARD Niger - Key Facts
  • Governance, Risk and Compliance
    • Table Niger- Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Table Niger - Insurance Intermediary Remuneration
      • Life insurance
        • Table Niger - Life Insurance Regulatory Framework
      • Property insurance
        • Table Niger - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Niger - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Niger - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Professional indemnity insurance for insurance intermediaries
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Commission Regional des Assurances
      • Direction des Assurances
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Niger - Insurance Premium Tax Rates
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Niger - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Life Insurance
      • Policies and premium
        • Table Nigerien Life Insurance - Policies and Premium, 2012-2016
        • Table Nigerien Life Insurance - Policies and Premium, 2016-2021
      • Claims and expenses
        • Table Nigerien Life Insurance - Claims and Expenses, 2012-2016
        • Table Nigerien Life Insurance - Claims and Expenses, 2016-2021
      • Assets and investments
        • Table Nigerien Life Insurance - Assets and Investments, 2012-2016
        • Table Nigerien Life Insurance - Assets and Investments, 2016-2021
      • Individual life insurance
        • Table Nigerien Life Insurance - Individual Life Insurance, 2012-2016
        • Table Nigerien Life Insurance - Individual Life Insurance, 2016-2021
      • Individual life insurance by category
        • Table Nigerien Life Insurance - Individual Life Insurance by Category, 2012-2016
        • Table Nigerien Life Insurance - Individual Life Insurance by Category, 2016-2021
      • Group life insurance
        • Table Nigerien Life Insurance - Group Life Insurance, 2012-2016
        • Table Nigerien Life Insurance - Group Life Insurance, 2016-2021
      • Group life insurance by category
        • Table Nigerien Life Insurance - Group Life Insurance by Category, 2012-2016
        • Table Nigerien Life Insurance - Group Life Insurance by Category, 2016-2021
    • Non-Life Insurance
      • Policies and premium
        • Table Nigerien Non-Life Insurance - Policies and Premium, 2012-2016
        • Table Nigerien Non-Life Insurance - Policies and Premium, 2016-2021
      • Claims and expenses
        • Table Nigerien Non-Life Insurance - Claims and Expenses, 2012-2016
        • Table Nigerien Non-Life Insurance - Claims and Expenses, 2016-2021
      • Assets and investments
        • Table Nigerien Non-Life Insurance - Assets and Investments, 2012-2016
        • Table Nigerien Non-Life Insurance - Assets and Investments, 2016-2021
      • Property insurance
        • Table Nigerien Non-Life Insurance - Property Insurance, 2012-2016
        • Table Nigerien Non-Life Insurance - Property Insurance, 2016-2021
      • Property insurance by category
        • Table Nigerien Non-Life Insurance - Property Insurance by Category, 2012-2016
        • Table Nigerien Non-Life Insurance - Property Insurance by Category, 2016-2021
      • Motor insurance
        • Table Nigerien Non-Life Insurance - Motor Insurance, 2012-2016
        • Table Nigerien Non-Life Insurance - Motor Insurance, 2016-2021
      • Motor insurance by category
        • Table Nigerien Non-Life Insurance - Motor Insurance by Category, 2012-2016
        • Table Nigerien Non-Life Insurance - Motor Insurance by Category, 2016-2021
      • Liability insurance
        • Table Nigerien Non-Life Insurance - Liability Insurance, 2012-2016
        • Table Nigerien Non-Life Insurance - Liability Insurance, 2016-2021
      • Marine, aviation and transit insurance
        • Table Nigerien Non-Life Insurance - Marine, Aviation and Transit Insurance, 2012-2016
        • Table Nigerien Non-Life Insurance - Marine, Aviation and Transit Insurance, 2016-2021
    • Personal Accident and Health Insurance
      • Policies and premium
        • Table Nigerien Personal Accident and Health Insurance - Policies and Premium, 2012- 2016
        • Table Nigerien Personal Accident and Health Insurance - Policies and Premium, 2016- 2021
      • Claims and expenses
        • Table Nigerien Personal Accident and Health Insurance - Claims and Expenses, 2012- 2016
        • Table Nigerien Personal Accident and Health Insurance - Claims and Expenses, 2016- 2021
      • Assets and investments
        • Table Nigerien Personal Accident and Health Insurance - Assets and Investments, 2012- 2016
        • Table Nigerien Personal Accident and Health Insurance - Assets and Investments, 2016- 2021
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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