The AXA.COM team editor

Offering a better tomorrow for businesses in Africa

In 2014, Nigeria overtook South Africa for the first time to become Africa’s leading economic power. The result of a decade of sustained growth during which the country, which was previously dependent on oil, has diversified its economy. Protecting what matters
Apr 27, 2016

Key figures

Nigerian insurance market
3rd
largest
insurance market in Africa
70%
of the market
is focused on commercial insurance
0.4%
Penetration rate
for insurance in Nigeria in 2013, one of the world's lowest levels