The Nigerian Insurance Industry

Download Report
Insights from the perspectives of stakeholders: insurance companies, insurance sales agents, & business owners, among others, with a Foreword by Babatunde Fajemirokun of AIICO.
  • Top insurance companies in Nigeria by turnover and assets
  • Sectors driving the Nigerian insurance industry
  • Relationship between insurance coverage and people's education, religion, age, among others
  • The relationship between insurance agents' education, remuneration and their output
  • Everyone's side of the story: traditional insurance companies, insurance sales agents, and business owners
  • The biggest challenges with selling insurance products
  • Opportunities that abound across multiple sectors of the economy
  • Foreword by Babatunde Fajemirokun, FCII, Managing Director & CEO, AIICO Insurance Plc
  • Insight contributions by executives from Evolutics, Pay-U, ETAP, MyCover.ai, and Octamile

Get the physical copy here.

  • Foreword
  • Preface
  • Methodology
  • Executive Summary
  • Introduction
  • Industry overview
    • Key figures
    • Industry players
    • Top insurance companies in Nigeria in 2022
    • Compulsory insurance covers in Nigeria
  • Industry trends
    • Nigerian insurance industry in the last 13 years
    • Insurance premiums over the years
    • Market size of the Nigerian insurance industry over the years
    • Insurance's contribution to Nigeria's GDP over the years
    • Nigeria in comparison with other similar market
    • Share of Africa's insurance market in 2021
  • The people's story
    • Demographic
    • Their businesses: losses and layoff
    • Insurance coverage
    • Backup plans for these businesses
  • Insurance companies and their agents
    • Demography of financial sales associates
    • Training for financial sales associates
    • Financial sales associates' challenges
    • Insurance agents' tenure and others
    • The biggest challenges with selling insurance products
    • Marketing campaign for insurance products
    • Estimated premiums by estimated losses
  • Opportunities
    • Healthcare
    • Automobile
    • Device protection
    • Income protection
  • Stakeholder insights from:
    • Kingsley Miller, CEO, Evolutics
    • Temitope Adeyemi, CEO, Pay-U
    • Ibraheem Babalola, Founder/CEO, ETAP
    • Adebowale Banjo, Co-founder, MyCover.ai
    • Gbeno Dara, Founder/CEO, Octamile
Download Report
Report highlights
Insights from the perspectives of stakeholders: insurance companies, insurance sales agents, & business owners, among others, with a Foreword by Babatunde Fajemirokun of AIICO.
Year Published: 2024
Pages:91
Document Type:PDF
Languages:English
Price: Free
similar reports
For customized research or consultancy
Contact Us:
arrow-down