Life Insurance Penetration
This key economic indicator for the Insurance sector has been recently updated.
- Taiwan Life Insurance Penetration jumped by 0.8points in 2019, from a year earlier.
- Since 2014 Taiwan Life Insurance Penetration grew 1.4points year on year close to 16.74 Percent.
- In 2019 South Korea was ranked number 3 in Life Insurance Penetration.
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