Fast Market Research

Demand for Nigeria Insurance Products to See Boost from Rising Household Spending

Fast Market Research announces the availability of a new Business Monitor International report, "Nigeria Insurance Report Q4 2015" on their comprehensive research portal


Boston, MA -- (SBWIRE) -- 08/10/2015 -- 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 Q4 2015

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).

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