Recently published research from Timetric, "The Insurance Industry in Niger, Key Trends and Opportunities to 2017", is now available at Fast Market Research

Boston, MA -- (SBWire) -- 05/08/2013 --The financial services industry, which includes insurance, is still under developed in the country. There are only five companies operating in the insurance industry of the country. Niger is a member of CIMA and insurance sector regulation is governed at the regional level. Over the forecast period, economic growth, a growing population, increasing healthcare demands and investment in the oil and uranium sectors will act as major drivers for the growth of the insurance industry. The government of Niger has adopted measures to reduce poverty and increase employment through public investment in infrastructure, agriculture, health and education. It also plans to improve the country's business environment, including the stability of the financial sector, and to increase access to financial services. These measures will help to increase awareness and demand for insurance products over the coming years.

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Key Highlights

- The government's export development strategy, based on the use of oil and mining resources, is currently driving growth in the volume of exports from the country
- This will create demand for non-life insurance products such as marine, aviation and transit insurance
- In addition, it will also improve employment opportunities and support the demand for life insurance products
- The severity and frequency of natural disasters is increasing awareness among people and corporations of the need for products such as crop insurance and weather related insurance

Scope

This report provides a comprehensive analysis of the insurance industry in Niger:

- It provides historical values for the Niger insurance industry for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key segments and categories in the Niger insurance industry, along with industry forecasts until 2017
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions

Reasons to Get This Report

- Make strategic business decisions using in depth historic and forecast industry data related to the Niger insurance industry and each segment within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Niger insurance industry
- Identify the growth opportunities and market dynamics within key segments
- Gain insights into key regulations governing the Niger insurance industry and its impact on companies and the industry's future

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