The Insurance Industry in Nigeria, Key Trends and Opportunities to 2018 - New Report Available

Boston, MA -- (SBWIRE) -- 08/28/2014 -- In terms of written premium value, the Nigerian insurance industry grew at a review-period CAGR of 10.0%. This was due to the strong performance of the life segment, which registered a CAGR of 22.2% during the review period. The industry is projected to grow at a CAGR of 7.5% over the forecast period. The strength in the country's economy, combined with the introduction of new laws by the Nigerian insurance regulator, is expected to contribute to the overall growth of the Nigerian insurance industry over the forecast period.