Life Insurance Penetration

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

  1. In 2019, Life Insurance Penetration in Taiwan jumped by 0.8points compared to a year earlier.
  2. Since 2014 Taiwan Life Insurance Penetration was up 1.4points year on year to 16.74 Percent.
  3. In 2019 South Korea was ranked number 3 in Life Insurance Penetration.
  4. In 2019 South Korea was number 3 in Life Insurance Penetration at 7.46 Percent, jumping from 4 in 2018.

Top Countries in Life Insurance Penetration

# 19 Countries Percent Last YoY 5‑years CAGR
1 #1
Taiwan
16.74 % 2019 +0.8 % +1.4 % View data
2 #2
South Africa
11.52 % 2016 -4.0 % -3.2 % View data
3 #3
South Korea
7.46 % 2019 +0.5 % +0.7 % View data
4 #4
United Kingdom
7.38 % 2019 -0.9 % -1.6 % View data
5 #5
Japan
7.03 % 2019 -2.1 % -3.5 % View data
6 #6
France
6.20 % 2019 +0.5 % +1.0 % View data
7 #7
Singapore
5.76 % 2019 +1.6 % +2.9 % View data
8 #8
Switzerland
4.70 % 2019 -0.8 % -1.6 % View data
9 #9
Thailand
3.89 % 2019 +1.3 % +1.6 % View data
10 #10
Australia
3.23 % 2019 +0.6 % -3.2 % View data
10 #10
Malaysia
3.23 % 2019 +0.3 % +0.8 % View data
12 #12
United States
2.87 % 2019 -1.7 % -0.9 % View data
13 #13
Germany
2.73 % 2019 -0.7 % -2.5 % View data
14 #14
India
2.57 % 2019 -1.9 % -0.2 % View data
15 #15
China
2.37 % 2019 +2.2 % +6.9 % View data
16 #16
Brazil
2.29 % 2019 +0.9 % +1.8 % View data
17 #17
Pakistan
0.64 % 2019 +1.6 % +5.1 % View data
18 #18
Sri Lanka
0.52 % 2019 +0.0 % +0.8 % View data
19 #19
Russia
0.27 % 2019 +3.9 % +6.2 % View data

Source: India Insurance Regulatory and Development Authority

Go Top