Nigeria Motor Insurance Market 2022-2030

    In Stock





    It shields you from legal responsibility in the event of a collision, along with your car and other drivers. It offers monetary compensation for any harm brought to persons or their property.

    Motor Insurance Market, Motor Insurance Market Size, Motor Insurance Market Trends, Motor Insurance Market Forecast, Motor Insurance Market Risks, Motor Insurance Market Report, Motor Insurance Market Share



    The Nigeria Motor Insurance Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.




    Insurtech companies like Etap have recently arisen in Nigeria and other parts of Africa to close the gap and streamline the insurance purchase and claim-making processes. Etap promises to make it possible for car owners to get insurance in 90 seconds and finish filing claims in three minutes.



    Following pre-seed fundraising in a round led by Mobility 54, the venture capital arm of Toyota Tsusho, and CFAO Group, the firm is currently on a growth push across the country of West Africa.



    A new third-party automobile insurance premium that would go into effect this month is expected to be announced by actors in the Nigerian insurance industry and the National Insurance Commission (NAICOM).



    At a meeting of the industry committee held in Lagos, the commission worked with business owners.



    The new rate is the result of discussions between a committee made up of the Commission and the chief executive officers of insurance firms, and it would constitute an increase in the existing N5,000 premium paid by motorists.



    One of the six mandatory insurance plans outlined by the Insurance Act of 2003, third-party automobile insurance is also the most often used of the mandatory insurance classes.




    Mizala has announced the beginning of its operations in Nigeria in collaboration with Universal Insurance PLC. Through the activation of its flagship product, Flexi Auto Insurance, Mizala will provide Nigerians with specialised and practical digital insurance services. Flexi Auto Insurance from Mizala is a groundbreaking auto insurance package that enables clients to purchase their insurance on a pay-as-you-go basis weekly, monthly, or annually.



    The Flexi Insurance product from Mizala, which liberalises and improves the experience of complete insurance coverage for car owners in Nigeria through an easy payment mechanism, appears positioned to transform the auto insurance market.







    1. What is the average cost per Nigeria Motor Insurance Market right now and how will it change in the next 5-6 years?
    2. Average cost to set up a Motor Insurance Market in Nigeria?
    3. How many Nigeria Motor Insurance Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    4. What is happening in the overall public, globally?
    5. Cost breakup of a Nigeria Motor Insurance Market and key vendor selection criteria
    6. Where is the Nigeria Motor Insurance Market manufactured? What is the average margin per equipment?
    7. Market share of Nigeria Motor Insurance Market manufacturers and their upcoming products
    8. The most important planned Nigeria Motor Insurance Market in next 2 years
    9. Details on network of major Nigeria Motor Insurance Market and pricing plans
    10. Cost advantage for OEMs who manufacture Nigeria Motor Insurance Market in-house
    11. 5 key predictions for next 5 years in Nigeria Motor Insurance Market
    12. Average B-2-B Nigeria Motor Insurance Market price in all segments
    13. Latest trends in Nigeria Motor Insurance Market, by every market segment
    14. The market size (both volume and value) of Nigeria Motor Insurance Market in 2022-2030 and every year in between?
    15. Global production breakup of Nigeria Motor Insurance Market, by suppliers and their OEM relationship


    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2030
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
      Your Cart
      Your cart is emptyReturn to Shop