The Insurance Industry in Nigeria, Key Trends and Opportunities to 2018

Date: 2015-09

In terms of written premium value, the Nigerian insurance industry grew at a review-period CAGR of 10.0%. This was due to the strong performance of the life segment, which registered a CAGR of 22.2% during the review period. The industry is projected to grow at a CAGR of 7.5% over the forecast period. The strength in the countryโ€™s economy, combined with the introduction of new laws by the Nigerian insurance regulator, is expected to contribute to the overall growth of the Nigerian insurance industry over the forecast period.

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