[vc_row][vc_column][epic_post_title compatible_column_notice=""][/vc_column][/vc_row][vc_row css=".vc_custom_1617101091059{margin-right: 1em !important;}"][vc_column width="5/6"][vc_row_inner][vc_column_inner][vc_column_text]
Quick overview
- At present there are about 57 registered insurance companies and 2 registered reinsurance companies.
- Out of the 57 insurance companies, about 14 companies underwrite life assurance business.
- There are 460 registered insurance brokers and about 15,000 insurance agents.
- The Nigerian insurance market has been described as brokers' market because presently brokers control over 90 per cent of the premium income.
Source: The Nigerian Insurers Association
[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width="1/6"][vc_single_image image="7964" onclick="link_image" css=".vc_custom_1617102053751{margin-bottom: 1em !important;}"][vc_column_text]
Abodunrin Roberts
[/vc_column_text][/vc_column][vc_column][vc_row_inner][/vc_row_inner][/vc_column][/vc_row][vc_row gap="10" css=".vc_custom_1617112255904{margin-top: 1em !important;margin-bottom: 3em !important;padding-right: 1em !important;padding-left: 1em !important;}"][vc_column width="1/4" css=".vc_custom_1617112537747{background-color: #62c7dd !important;border-radius: 10px !important;}"][counter style="style-2" left_width="50" right_width="50" animation="yes" icon_type="extraicon" icon_color="#000000" time="2000" heading_color="#000000" icon_right_margin="2em" number="57" heading="Insurance Companies" icon_extraicon="preico-trophy"][/vc_column][vc_column width="1/4" css=".vc_custom_1617112554875{background-color: #62c7dd !important;border-radius: 10px !important;}"][counter style="style-2" left_width="50" right_width="50" animation="yes" icon_type="extraicon" icon_color="#000000" time="2000" heading_color="#000000" icon_right_margin="2em" number="2" heading="Rensurance Companies" icon_extraicon="preico-company"][/vc_column][vc_column width="1/4" css=".vc_custom_1617112577313{background-color: #62c7dd !important;border-radius: 10px !important;}"][counter style="style-2" left_width="50" right_width="50" animation="yes" icon_type="extraicon" icon_color="#000000" time="2000" heading_color="#000000" icon_right_margin="2em" number="14" heading="L&H" icon_extraicon="preico-man"][/vc_column][vc_column width="1/4"][/vc_column][/vc_row][vc_row full_width="stretch_row" css=".vc_custom_1617112327020{padding-bottom: 2em !important;background-color: #e8e8e8 !important;}"][vc_column][vc_column_text]
Some companies in the market
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner css=".vc_custom_1617111334153{padding-top: 1em !important;padding-bottom: 2em !important;background-color: #ffffff !important;}"][vc_column_inner][vc_column_text]
Other useful links
[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width="stretch_row" css=".vc_custom_1617112196200{background-color: #e8e8e8 !important;}"][vc_column][vc_column_text]
A few facts about Nigeria
- Country: Nigeria
- Capital: Abuja
- Largest city: Lagos
- Population: 206,630,269 (2020 estimate)
- Official languages: English
- National languages: Hausa, Igbo, Yoruba
- Currency: Naira (₦) (NGN)
[/vc_column_text][/vc_column][/vc_row][vc_row css=".vc_custom_1617112406747{padding-top: 1em !important;}"][vc_column][vc_column_text]
Would you like to know much more about the different insurance markets around the World?
Check out our course "F02 - Introduction to the Market".
[/vc_column_text][/vc_column][/vc_row]
