Niger Insurance Industry – Key Trends and Opportunities to 2027
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Niger Insurance Market Report Overview
The direct written premium of the Niger insurance market was XOF43.7 billion ($70.2 million) in 2022. The market is expected to achieve a CAGR of more than 7% during 2023-2027.
Niger Insurance Market Outlook, 2022-2027 (XOF Billion)
For more insights into the Niger insurance market forecast, download a free report sample
The Niger insurance market research report provides in-depth market analysis, information, and insights into the Niger insurance industry. It provides values for key performance indicators such as direct written premium, penetration, premium accepted and ceded, profitability ratios, and premium by line of business, during the review period and forecast period.
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Niger economy and demographics, and provides detailed information on the competitive landscape in the country. The report gives insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Market Size (2022) | XOF43.7 billion ($70.2 million) (DWP) |
CAGR (2023-2027) | >7% |
Forecast Period | 2023-2027 |
Historical Period | 2018-2022 |
Key Segments | · Life Insurance
· General Insurance |
Leading Players | · Compagnie d’Assurance
· Sunu Assurances IARD · Societe Nigerienne · La Nigerienne · Sanlam Assurances |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
Niger Insurance Market Trends
Health insurance and draught insurance are some of the key trends impacting the Niger insurance market. For instance, in September 2022, the government of Niger introduced health insurance called “Nicare” to protect families and households who need healthcare services. The government added that this scheme was for both the formal and informal sectors and would be made compulsory for all residents.
Niger Insurance Market by Segments
The key segments in the Niger insurance market are life insurance and general insurance. The general insurance segment dominated the market in 2022.
Life Insurance: The sector is expected to grow over 2023–27. The endowment was the leading line of business in the life insurance segment.
General Insurance: The sector is expected to grow during the forecast period. Motor insurance was the largest sub-sector in general insurance in 2022. Motor insurance was followed by general personal accident and health (PA&H). However, general insurance penetration in Niger is lower than that of emerging and developed markets.
Niger Insurance Market Analysis by Segments, 2022 (%)
For more segment insights into the Niger insurance market, download a free report sample
Niger Insurance Market – Competitive Landscape
The key companies in the Niger insurance market are Compagnie d’Assurance, Sunu Assurances IARD, Societe Nigerienne, La Nigerienne, and Sanlam Assurances. Compagnie d’Assurance was the largest insurer in 2021. It was followed by Sunu Assurances IARD and Sunu Assurances Vie Niger.
Niger Insurance Market Analysis by Players, 2021 (%)
For more players’ insights into the Niger insurance market, download a free report sample
Segments Covered in the Report
Niger Insurance Market Segments Outlook (Value, XOF Billion, 2018-2027)
- Life Insurance
- General Insurance
Scope
This report provides a comprehensive analysis of the Niger insurance industry –
- It provides historical values for the Niger insurance industry for the report’s 2018–22 review period and projected figures for the 2023–27 forecast period.
- It offers a detailed analysis of the key categories in the Niger insurance industry and market forecasts for 2027.
- It profiles the top life insurance companies in Niger and outlines the key regulations affecting them.
Key Highlights
- Key insights and dynamics of the Niger insurance industry.
- A comprehensive overview of the Niger economy, government initiatives, and investment opportunities.
- The Niger insurance regulatory framework’s evolution, key facts, taxation regime, licensing, and capital requirements.
- The Niger insurance industry’s market structure gives details of lines of business.
Reasons to Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Niger insurance industry, and each category within it.
- Understand the demand-side dynamics, key market trends, and growth opportunities in the Niger insurance industry.
- Assess the competitive dynamics in the Niger insurance industry.
- Identify growth opportunities and market dynamics in key product categories.
Sunu Assurances IARD Niger
Saham Assurance (Niger)
Compagnie Nouvelle D'Assurances Vie
Table of Contents
Frequently asked questions
-
What was the Niger insurance market direct written premium in 2022?
The direct written premium of the Niger insurance market was XOF43.7 billion ($70.2 million) in 2022.
-
What is the growth rate of the Niger insurance market?
The insurance market in Niger is expected to achieve a CAGR of more than 7% during 2023-2027.
-
Which segment dominated the Niger insurance market in 2022?
The general insurance segment dominated the Niger insurance market in 2022.
-
Who are the major players operating in the Niger insurance market?
The key companies in the Niger insurance market are Compagnie d’Assurance, Sunu Assurances IARD, Societe Nigerienne, La Nigerienne, and Sanlam Assurances.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.