Nigeria: Non-life insurance premium volume

* indicates monthly or quarterly data series
 Nigeria

Non-life insurance premium volume, percent of GDP

 Latest value 0.19
 Year 2018
 Measure percent
 Data availability 1991 - 2018
 Average 0.32
 Min - Max 0.18 - 0.56
 Source Swiss Re
For that indicator, we provide data for Nigeria from 1991 to 2018. The average value for Nigeria during that period was 0.32 percent with a minimum of 0.18 percent in 2016 and a maximum of 0.56 percent in 1995. The latest value from 2018 is 0.19 percent. For comparison, the world average in 2018 based on 154 countries is 1.15 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - Non-life insurance premium volume - Recent values chart

Historical chart
Nigeria - Non-life insurance premium volume - historical chart - 1991-2018




Definition: Ratio of non-life insurance premium volume to GDP. Premium volume is the insurer's direct premiums earned (if Property/Casualty) or received (if Life/Health) during the previous calendar year. Premium data are taken from various issues of Sigma reports (Swiss Re). Data on GDP in US dollars is from the electronic version of the World Development Indicators.


 Related indicators Latest value Reference Measure
 Stock market capitalization, percent of GDP 19.35 2022 percent
 Stock market capitalization, in dollars 56.57 2020 billion U.S. dollars
 Stock market turnover ratio 2.44 2022 percent
 Listed companies 173 2022 companies
 Stock market value traded 0.57 2020 percent
 Stock market return 47.63 2021 percent
 Stock market access for smaller firms 27.46 2018 percent
 Stock market activity for smaller firms 21.31 2018 percent
 Stock price volatility 15.66 2021 percent
 Mutual fund assets 0.97 2020 percent
 Life insurance volume 0.14 2018 percent
 Non-life insurance premium volume 0.19 2018 percent
 Pension fund assets to GDP 7.98 2020 percent
 Insurance company assets 1.05 2019 percent
 Nonbank financial institutions assets to GDP 5.62 2021 percent
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