Nigeria Travel Insurance Market Trends, Estimation & Forecast, 2017-2025

March 2018

 Pages: 80

 ERC 8193

Nigeria Travel Insurance Market is expected to grow with a CAGR of XX% during the forecast period of 2018 to 2025.

Nigeria travel Insurance market has witnessed a notable growth in past five years. Primary reason for the same is that the number of outbound travelers from the country has increased at an average rate of around (7-8)%. In 2017, the total number of outbound travelers stood at around XX million which is expected to increase to XX million by 2025. Per capita disposable income of the country has increased to XX USD from XX USD in 2012. Out of the overall market revenue, single-trip insurance cover policies generated the highest revenue of around XX. In terms of growth, the business traveler segment which currently accounts for around XX% of the revenue share is expected to be the fastest growing segment in the next five years.

Market Segmentation

The Nigeria travel insurance market is segmented on the basis of Insurance cover, users and distribution channel. By insurance cover, the market is segmented into single trip insurance policies, annual multi-trip insurance policies and long stay insurance policies. On the basis of users, the market is segmented as senior citizens, business travelers, family travelers and others. By distribution channel, the market is categorized as insurance intermediaries, insurance company, bank, insurance broker and others.

Market Player Coverage

Profile of top ten players operating in the Nigeria Travel Insurance market would be provided in the report. Coverage on their service portfolio, revenue from Nigeria Travel Insurance business, market share, gross margin and other such pointers have been covered in the report.

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    What Information does this report contain?

    • What was the market size of the nigeria travel insurance market in 2017 and the expected market size by 2025, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions, and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2017 - 2025)?
    • Which are the leading companies in the nigeria travel insurance market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

     


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