“Nigeria Insurance Report Q1 2016” Is Now Available at Fast Market Research

Fast Market Research announces the availability of the new Business Monitor International report, “Nigeria Insurance Report Q1 2016”, on their comprehensive research portal

This press release was orginally distributed by SBWire

Boston, MA — (SBWIRE) — 11/13/2015 — In spite of low penetration levels, Nigeria’s life and non-life insurance segments are set to grow at high single-digit to double-digit rates through the next years. The country’s favourable economic prospects, leading to rising household spending, and rapidly growing population will produce a strong boost in demand for life and non-life products, which will attract more foreign insurance companies and consequently increase the level of competitiveness within both markets . Importantly, however, investors should be mindful of potential challenges which reside mainly in currency movements due to falling oil prices as well as national security issues.

The Nigeria Insurance Report has been researched at source and features BMI Research’s independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

Get More Details on this Report and a Full Table of Contents at Nigeria Insurance Report Q1 2016

BMI’s Nigeria Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Nigerian insurance industry.

Key Benefits

-Benchmark BMI’s independent insurance industry forecasts for Nigeria to test other views – a key input for successful budgeting and strategic business planning in Nigeria’s insurance market.
-Target business opportunities and risks in Nigeria through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
-Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).


BMI Industry View

Summary of BMI?s key industry forecasts and views, covering the Life and Non-Life segments, the evolving competitive landscape and business operational risks.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the insurance sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2005-2014) and forecasts to end-2019 for key industry indicators, supported by explicit assumptions, plus analysis of key risks to the main forecasts. Indicators include:

-Life/non-life Premiums: Total premium growth (USDmn), premium growth (% y-o-y), penetration (% of GDP), density (USD per capita) for Life and Non-Life sectors, claims reinsurance, and assets and liabilities.
-Non-life subsectors: Data on gross written premiums for all major Non-Life segments (motor, transport, property, personal accident, health, general liability and credit financial).

BMI?s Insurance Risk Reward Index

BMI?s Risk Reward Indices provide investors (Life and Non-Life) looking for opportunities in the region with a clear country-comparative assessment of a market?s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide an indices of highest to lowest appeal to investors, with each position explained.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Growth Drivers & Risk Management Projections

Key data and forecasts to end-2019 focusing on the growth drivers and downside risks to specific insurance lines including:

-Population: Male/female, by age group, active/pensionable/youth population % of total, urban/rural population % of total.
-Freight: Tonnage ? air freight, rail freight, road freight, inland waterway.
-Motor: Fleet size by type of vehicle % change y-o-y.
-Epidemiology: Disease Adjusted Life Years and private health expenditure.

Market Overview & Rankings

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world’s top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Browse all Financial Services research reports at Fast Market Research

You may also be interested in these related reports:

-Australia Insurance Report Q1 2016
-Czech Republic Insurance Report Q1 2016
-New Zealand Insurance Report Q1 2016
-Iran Insurance Report Q1 2016
-Turkey Insurance Report Q1 2016

For more information on this press release visit:

Media Relations Contact
Bill Thompson
Director of Marketing
Fast Market Research, Inc.
Telephone: 800-844-8156
Email: Click to Email Bill Thompson

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