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The Nigeria life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Nigeria. Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Nigeria and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.
The report provides information about Nigeria’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Nigeria is available.
Axco’s report describes the regulatory framework that applies to the Nigerian domestic life insurance sector, including whether non-admitted insurance is permitted in Nigeria; as well as the legislation necessary to know regarding Nigeria’s healthcare, pensions and social security.
Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Nigeria with local life insurance company premiums, market share and year on year growth.
Below are brief extracts of information from the Nigeria Life & Benefits Report; more updated information may be available in the latest published report.