Insurance Penetration

This key economic indicator for the Insurance sector has been recently updated.

  1. Taiwan rose 0.7points of Insurance Penetration in 2019, compared to a year earlier.
  2. Since 2014 Taiwan Insurance Penetration increased 1.2points year on year attaining 20.1 Percent.
  3. In 2019 South Korea was ranked number 3 in Insurance Penetration.
  4. In 2019 Sri Lanka was ranked number 18 in Insurance Penetration totalising 1.12 Percent, moving from 18 in 2018.

Top Countries in Insurance Penetration

# 19 Countries Percent Last YoY 5‑years CAGR
1 #1
Taiwan
20.10 % 2019 +0.7 % +1.2 % View data
2 #2
South Africa
14.27 % 2016 -2.9 % -2.5 % View data
3 #3
South Korea
11.84 % 2019 +0.0 % +0.9 % View data
4 #4
United Kingdom
9.85 % 2019 -1.0 % -1.5 % View data
5 #5
Japan
9.47 % 2019 -1.5 % -2.6 % View data
6 #6
France
9.32 % 2019 +0.2 % +0.5 % View data
7 #7
Switzerland
8.78 % 2019 -0.7 % -0.9 % View data
8 #8
Singapore
7.45 % 2019 +1.2 % +2.1 % View data
9 #9
United States
7.08 % 2019 -1.0 % -0.6 % View data
10 #10
Australia
6.49 % 2019 +0.9 % +1.6 % View data
11 #11
Germany
5.98 % 2019 -0.8 % -1.6 % View data
12 #12
Thailand
5.57 % 2019 +0.5 % -0.8 % View data
13 #13
Malaysia
4.86 % 2019 +0.2 % +0.3 % View data
14 #14
China
4.23 % 2019 +2.2 % +5.7 % View data
15 #15
Brazil
4.08 % 2019 +0.7 % +0.9 % View data
16 #16
India
3.32 % 2019 -1.2 % +0.1 % View data
17 #17
Russia
1.41 % 2019 +0.7 % +0.1 % View data
18 #18
Sri Lanka
1.12 % 2019 -0.9 % +0.4 % View data
19 #19
Pakistan
0.91 % 2019 +2.3 % +2.6 % View data

Source: India Insurance Regulatory and Development Authority

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