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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Nigerien non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Niger's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Niger non-life (P&C) market as well as trends by line of business. Axco analysts also report on Niger's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Niger's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Niger, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Niger, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Niger with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Niger is one of the world's poorest countries, and the United Nations ranked Niger as the least developed country in the world on its Human Development Index (HDI) in 2018. Niger is heavily dependent on trade in the informal sector and agriculture. Although Niger became a net energy exporter following the start of crude oil production in 2011, uranium mining remains the primary source of export earnings. Unsurprisingly non-life insurance penetration is very low, in 2018 it was 0.34%, and historically tends to be below ....
This is a brief extract of information; more updated information may be available in the latest published report.