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The Insurance Industry in Niger, Key Trends and Opportunities to 2022

Published By :

GlobalData

Published Date : Jul 2018

Category :

Banking

No. of Pages : 129 Pages

The Insurance Industry in Niger, Key Trends and Opportunities to 2022

Summary

GlobalDatas "The Insurance Industry in Niger, Key Trends and Opportunities to 2022" report provides detailed analysis of the market trends, drivers and challenges in the Nigerien insurance industry.

It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Nigerien economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalDatas research, modeling and analysis expertise, giving 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.

Inside this report, we look at the top themes, its predictions and identify winners and losers.

The report provides in-depth market analysis, information and insights into the Nigerien insurance industry, including -
- The Nigerien insurance industry's growth prospects by segment and category
- A comprehensive overview of the Nigerien economy and demographics
- Details of the competitive landscape in the Nigerien insurance industry
- The various distribution channels in the Nigerien insurance industry
- Details of regulatory policy applicable to the Nigerien insurance industry
- Analysis of natural hazards in the Nigerien insurance industry.

Scope

- This report provides a comprehensive analysis of the insurance industry in Niger
- It provides historical values for the Nigerien insurance industry for the reports 2013-2017 review period, and projected figures for the 2017-2022 forecast period.
- It offers a detailed analysis of the key segments in the Nigerien insurance industry, with market forecasts to 2022.
- It covers an exhaustive list of parameters, including written premium and claims.
- It analyzes the various distribution channels in Niger.
- It profiles the top insurance companies in Niger, and outlines the key regulations affecting them.

Reasons to buy

- Make strategic business decisions using in-depth historic and forecast market data related to the Nigerien insurance industry and each segment and category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Nigerien insurance industry.
- Assess the competitive dynamics in the Nigerien insurance industry.
- Identify the growth opportunities and market dynamics in key segments.
- Gain insights into key regulations governing the Nigerien insurance industry and their impact on companies and the industry's future.
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Industry Indicators
4.1.1 Direct written premium
4.1.2 Insurance density
4.1.3 Paid claims
5 Life Insurance Outlook
5.1 Segment Indicators
5.1.1 Direct written premium
5.1.2 Paid claims
5.1.3 Penetration
5.1.4 Assets and investments
6 General Insurance Outlook
6.1 Segment Indicators
6.1.1 Direct written premium
6.1.2 Paid claims
6.1.3 Penetration
6.1.4 Loss ratio
6.1.5 Assets and investments
6.2 Property Insurance
6.2.1 Direct written premium
6.2.2 Penetration
6.2.3 Profitability
6.3 Motor Insurance
6.3.1 Direct written premium
6.3.2 Penetration
6.3.3 Profitability
6.4 Liability Insurance
6.4.1 Direct written premium
6.4.2 Penetration
6.4.3 Profitability
6.5 Marine, Aviation and Transit Insurance
6.5.1 Direct written premium
6.5.2 Penetration
6.5.3 Profitability
6.6 Personal Accident and Health Insurance
6.6.1 Direct written premium
6.6.2 Penetration
6.6.3 Profitability
6.7 Miscellaneous
6.7.1 Direct written premium
6.7.2 Penetration
6.7.3 Profitability
7 Reinsurance Outlook
7.1 Reinsurance Accepted
7.2 Premium Ceded
8 Distribution Channel Outlook
9 Natural and Man-Made Hazards
9.1 Flooding
9.2 Droughts
9.3 Locusts
9.4 Man-made Disasters
9.5 Exposure
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Compagnie d'Assurances et de Reassurances du Niger - company overview
10.1.2 Societe Nigerienne d'Assurances et de Reassurances - company overview
10.1.3 Sunu Assurances Vie Niger - company overview
10.1.4 La Nigerienne d'Assurances et de Reassurances - company overview
10.1.5 Sunu Assurances IARD Niger - company overview
11 Governance, Risk and Compliance
11.1 Legislation Overview and Historical Evolution
11.2 Latest Changes in Regulation
11.3 Legislation and Market Practice by Type of Insurance
11.3.1 Life insurance
11.3.2 Property insurance
11.3.3 Motor insurance
11.3.4 Liability insurance
11.3.5 Marine, aviation and transit insurance
11.3.6 Personal accident and health insurance
11.4 Compulsory Insurance
11.4.1 Motor third-party liability insurance
11.4.2 Professional indemnity insurance for insurance intermediaries
11.5 Supervision and Control
11.5.1 International Association of Insurance Supervisors
11.5.2 Commission Regional des Assurances
11.5.3 Direction des Assurances
11.6 Non-Admitted Insurance Regulations
11.6.1 Overview
11.6.2 Intermediaries
11.6.3 Market practices
11.6.4 Fines and Penalties
11.7 Company Registration and Operations
11.7.1 Type of insurance organization
11.7.2 Establishing a local company
11.7.3 Foreign ownership
11.7.4 Types of license
11.7.5 Capital requirements
11.7.6 Solvency margin
11.7.7 Reserve requirements
11.7.8 Investment regulations
11.7.9 Statutory return requirements
11.7.10 Fee structure
11.8 Taxation
11.8.1 Insurance premium or policy taxation
11.8.2 Withholding taxes on premium paid overseas
11.8.3 Corporate tax
11.8.4 VAT
11.8.5 Captives
11.9 Legal System
11.9.1 Introduction
11.9.2 Access to court
11.9.3 Alternative dispute resolution
12 Databook
12.1 Life Insurance
12.1.1 Policies and premium
12.1.2 Claims and expenses
12.1.3 Assets and investments
12.2 General Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Assets and investments
12.2.4 Property insurance
12.2.5 Property insurance by category
12.2.6 Motor insurance
12.2.7 Motor insurance by category
12.2.8 Liability insurance
12.2.9 Marine, aviation and transit insurance
12.2.10 Marine, aviation and transit insurance by category
12.2.11 Personal accident and health insurance
12.2.12 Miscellaneous
13 Definitions and Methodology
13.1 Definitions
13.2 Methodology
14 About GlobalData
14.1 Contact GlobalData
14.2 About GlobalData
14.3 GlobalDatas Services
14.4 Disclaimer

List of Tables
Table 1: Nigerien Insurance Industry - Key Facts, 2017
Table 2: Nigerien Insurance Industry - Market Shares of the Top Insurers, 2016
Table 3: Nigerien Insurance Industry - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 4: Nigerien Insurance Industry - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 5: Nigerien Insurance Industry - Density (XOF), 2013-2017
Table 6: Nigerien Insurance Industry - Density (XOF), 2017-2022
Table 7: Nigerien Insurance Industry - Paid Claims (XOF Billion and US$ Million), 2013-2017
Table 8: Nigerien Insurance Industry - Paid Claims (XOF Billion and US$ Million), 2017-2022
Table 9: Nigerien Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 10: Nigerien Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 11: Nigerien Life Insurance - Paid Claims (XOF Billion and US$ Million), 2013-2017
Table 12: Nigerien Life Insurance - Paid Claims (XOF Billion and US$ Million), 2017-2022
Table 13: Nigerien Life Insurance - Total Investment Income (XOF Million and US$ Thousands), 2013-2017
Table 14: Nigerien Life Insurance - Total Investment Income (XOF Million and US$ Thousands), 2017-2022
Table 15: Nigerien Life Insurance - Investment Portfolio (XOF Billion), 2013-2017
Table 16: Nigerien Life Insurance - Investment Portfolio (XOF Billion), 2017-2022
Table 17: Nigerien General Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 18: Nigerien General Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 19: Nigerien General Insurance - Paid Claims (XOF Billion and US$ Million), 2013-2017
Table 20: Nigerien General Insurance - Paid Claims (XOF Billion and US$ Million), 2017-2022
Table 21: Nigerien General Insurance - Total Investment Income (XOF Billion and US$ Million), 2013-2017
Table 22: Nigerien General Insurance - Total Investment Income (XOF Billion and US$ Million), 2017-2022
Table 23: Nigerien General Insurance - Investment Portfolio (XOF Billion), 2013-2017
Table 24: Nigerien General Insurance - Investment Portfolio (XOF Billion), 2017-2022
Table 25: Nigerien Property Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 26: Nigerien Property Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 27: Nigerien Property Insurance - Loss Ratio (%), 2013-2017
Table 28: Nigerien Property Insurance - Loss Ratio (%), 2017-2022
Table 29: Nigerien Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 30: Nigerien Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 31: Nigerien Motor Insurance - Loss Ratio (%), 2013-2017
Table 32: Nigerien Motor Insurance - Loss Ratio (%), 2017-2022
Table 33: Nigerien Liability Insurance - Direct Written Premium (XOF Million and US$ Million), 2013-2017
Table 34: Nigerien Liability Insurance - Direct Written Premium (XOF Million and US$ Million), 2017-2022
Table 35: Nigerien Liability Insurance - Loss Ratio (%), 2013-2017
Table 36: Nigerien Liability Insurance - Loss Ratio (%), 2017-2022
Table 37: Nigerien Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 38: Nigerien Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 39: Nigerien Marine, Aviation and Transit Insurance - Loss Ratio (%), 2013-2017
Table 40: Nigerien Marine, Aviation and Transit Insurance - Loss Ratio (%), 2017-2022
Table 41: Nigerien Personal Accident and Health Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 42: Nigerien Personal Accident and Health Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 43: Nigerien Personal Accident and Health Insurance - Loss Ratio (%), 2013-2017
Table 44: Nigerien Personal Accident and Health Insurance - Loss Ratio (%), 2017-2022
Table 45: Nigerien Miscellaneous - Direct Written Premium (XOF Million and US$ Million), 2013-2017
Table 46: Nigerien Miscellaneous - Direct Written Premium (XOF Million and US$ Million), 2017-2022
Table 47: Nigerien Miscellaneous - Loss Ratio (%), 2013-2017
Table 48: Nigerien Miscellaneous - Loss Ratio (%), 2017-2022
Table 49: Nigerien Reinsurance - Premium Accepted (XOF Million) by Reinsurance Type, 2013-2017
Table 50: Nigerien Reinsurance - Premium Accepted (XOF Million) by Reinsurance Type, 2017-2022
Table 51: Nigerien Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2013-2017
Table 52: Nigerien Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2017-2022
Table 53: Nigerien Insurance Industry - Market Shares of Leading Insurers (%), 2016
Table 54: Nigerien Life Insurance Segment - Market Shares of Leading Insurers (%), 2016
Table 55: Nigerien General Insurance Segment - Market Shares of Leading Insurers (%), 2016
Table 56: Compagnie d'Assurances et de Reassurances du Niger - Key Facts
Table 57: Societe Nigerienne d'Assurances et de Reassurances - Key Facts
Table 58: Sunu Assurances Vie Niger - Key Facts
Table 59: La Nigerienne d'Assurances et de Reassurances - Key Facts
Table 60: Sunu Assurances IARD Niger - Key Facts
Table 61: Niger- Insurance Regulatory Framework Key Features
Table 62: Niger - Insurance Intermediary Remuneration
Table 63: Niger - Life Insurance Regulatory Framework
Table 64: Niger - Property Insurance Regulatory Framework
Table 65: Niger - Motor Insurance Regulatory Framework
Table 66: Niger - Liability Insurance Regulatory Framework
Table 67: Niger - Insurance Premium Tax Rates
Table 68: Niger - Corporate Tax Rates for the Financial Year 2017
Table 69: Nigerien Life Insurance - Policies and Premium, 2013-2017
Table 70: Nigerien Life Insurance - Policies and Premium, 2017-2022
Table 71: Nigerien Life Insurance - Claims and Expenses, 2013-2017
Table 72: Nigerien Life Insurance - Claims and Expenses, 2017-2022
Table 73: Nigerien Life Insurance - Assets and Investments, 2013-2017
Table 74: Nigerien Life Insurance - Assets and Investments, 2017-2022
Table 75: Nigerien General Insurance - Policies and Premium, 2013-2017
Table 76: Nigerien General Insurance - Policies and Premium, 2017-2022
Table 77: Nigerien General Insurance - Claims and Expenses, 2013-2017
Table 78: Nigerien General Insurance - Claims and Expenses, 2017-2022
Table 79: Nigerien General Insurance - Assets and Investments, 2013-2017
Table 80: Nigerien General Insurance - Assets and Investments, 2017-2022
Table 81: Nigerien General Insurance - Property Insurance, 2013-2017
Table 82: Nigerien General Insurance - Property Insurance, 2017-2022
Table 83: Nigerien General Insurance - Property Insurance by Category, 2013-2017
Table 84: Nigerien General Insurance - Property Insurance by Category, 2017-2022
Table 85: Nigerien General Insurance - Motor Insurance, 2013-2017
Table 86: Nigerien General Insurance - Motor Insurance, 2017-2022
Table 87: Nigerien General Insurance - Motor Insurance by Category, 2013-2017
Table 88: Nigerien General Insurance - Motor Insurance by Category, 2017-2022
Table 89: Nigerien General Insurance - Liability Insurance, 2013-2017
Table 90: Nigerien General Insurance - Liability Insurance, 2017-2022
Table 91: Nigerien General Insurance - Marine, Aviation and Transit Insurance, 2013-2017
Table 92: Nigerien General Insurance - Marine, Aviation and Transit Insurance, 2017-2022
Table 93: Nigerien General Insurance - Marine Aviation and Transit Insurance by Category, 2013-2017
Table 94: Nigerien General Insurance - Marine Aviation and Transit Insurance by Category, 2017-2022
Table 95: Nigerien General Insurance - Personal Accident and Health Insurance, 2013-2017
Table 96: Nigerien General Insurance - Personal Accident and Health Insurance, 2017-2022
Table 97: Nigerien General Insurance - Miscellaneous, 2013-2017
Table 98: Nigerien General Insurance - Miscellaneous, 2017-2022
Table 99: Insurance Industry Definitions

List of Figures
Figure 1: Nigerien GDP Composition, 2017
Figure 2: Nigerien Real GDP (XOF trillion), 2013-2022
Figure 3: Nigerien Exchange Rate (XOF per US$), 2013-2022
Figure 4: Nigerien Consumer Price Inflation (%), 2013-2022
Figure 5: Nigerien Current Account Balance as Percentage of GDP (%), 2013-2022
Figure 6: Nigerien Unemployment Rate, 2013-2022
Figure 7: Nigerien Population by Age Group, 2013-2022
Figure 8: Nigerien Insurance Industry - Direct Written Premium (XOF Billion), 2013-2022
Figure 9: Nigerien Insurance Industry - Density (XOF), 2013-2022
Figure 10: Nigerien Insurance Industry - Paid Claims (XOF Billion), 2013-2022
Figure 11: Nigerien Life Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 12: Nigerien Life Insurance - Paid Claims (XOF Billion), 2013-2022
Figure 13: Nigerien Life Insurance - Penetration (%), 2013-2017
Figure 14: Nigerien Life Insurance - Penetration (%), 2017-2022
Figure 15: Nigerien Life Insurance - Total Investment Income (XOF Million), 2013-2022
Figure 16: Nigerien Life Insurance - Investment Portfolio (XOF Billion), 2013-2022
Figure 17: Nigerien Life Insurance - Investment Portfolio Dynamics (XOF Billion), 2017-2022
Figure 18: Nigerien General Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 19: Nigerien General Insurance - Paid Claims (XOF Billion), 2013-2022
Figure 20: Nigerien General Insurance - Penetration (%), 2013-2017
Figure 21: Nigerien General Insurance - Penetration (%), 2017-2022
Figure 22: Nigerien General Insurance - Loss Ratio (%), 2013-2017
Figure 23: Nigerien General Insurance - Loss Ratio (%), 2017-2022
Figure 24: Nigerien General Insurance - Total Investment Income (XOF Billion), 2013-2022
Figure 25: Nigerien General Insurance - Investment Portfolio (XOF Billion), 2013-2022
Figure 26: Nigerien General Insurance - Investment Portfolio Dynamics (XOF Billion), 2013-2022
Figure 27: Nigerien Property Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 28: Nigerien Property Insurance - Penetration (%), 2013-2017
Figure 29: Nigerien Property Insurance - Penetration (%), 2017-2022
Figure 30: Nigerien Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 31: Nigerien Motor Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 32: Nigerien Motor Insurance - Penetration (%), 2013-2017
Figure 33: Nigerien Motor Insurance - Penetration (%), 2017-2022
Figure 34: Nigerien Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 35: Nigerien Liability Insurance - Direct Written Premium (XOF Million), 2013-2022
Figure 36: Nigerien Liability Insurance - Penetration (%), 2013-2017
Figure 37: Nigerien Liability Insurance - Penetration (%), 2017-2022
Figure 38: Nigerien Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 39: Nigerien Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 40: Nigerien Marine, Aviation and Transit Insurance - Penetration (%), 2013-2017
Figure 41: Nigerien Marine, Aviation and Transit Insurance - Penetration (%), 2017-2022
Figure 42: Nigerien Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 43: Nigerien Personal Accident and Health Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 44: Nigerien Personal Accident and Health Insurance - Penetration (%), 2013-2017
Figure 45: Nigerien Personal Accident and Health Insurance - Penetration (%), 2017-2022
Figure 46: Nigerien Personal Accident and Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 47: Nigerien Miscellaneous - Direct Written Premium (XOF Million), 2013-2022
Figure 48: Nigerien Miscellaneous - Penetration (%), 2013-2017
Figure 49: Nigerien Miscellaneous - Penetration (%), 2017-2022
Figure 50: Nigerien Miscellaneous - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 51: Nigerien Reinsurance - Premium Accepted (XOF Million) by Reinsurance Type, 2013-2022
Figure 52: Nigerien Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2013-2022
Figure 53: Nigerien General Insurance - Percentage of Reinsurance Ceded (%), 2013-2022
Figure 54: Nigerien Insurance Industry - Market Shares of Leading Insurers (%), 2016
Figure 55: Nigerien Life Insurance Segment - Market Shares of Leading Insurers (%), 2016
Figure 56: Nigerien General Insurance Segment - Market Shares of Leading Insurers (%), 2016
Figure 57: Niger - Insurance Supervision and Control at Various Levels
Figure 58: Niger - Insurance Regulatory Frameworks for Company Registration and Operation

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