Non-life Insurance Penetration

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

  1. Australia jumped by 1.6points of Non-Life Insurance Penetration in 2019, compared to the previous year.
  2. Since 2014 Australia Non-Life Insurance Penetration grew 8.2points year on year attaining 3.26 Percent.
  3. In 2015 Switzerland was ranked number 2 in Non-Life Insurance Penetration.
  4. In 2015 Japan was number 9 in Non-Life Insurance Penetration attaining 2.6 Percent, jumping from 10 in 2014.

Top Countries in Non-life Insurance Penetration

# 19 Countries Percent Last YoY 5‑years CAGR
1 #1
United States
4.20 % 2015 -2.3 % -2.3 % View data
2 #2
South Korea
4.10 % 2015 +0.0 % -8.2 % View data
2 #2
Switzerland
4.10 % 2015 +0.0 % -1.6 % View data
4 #4
Germany
3.40 % 2015 +0.0 % -1.9 % View data
5 #5
Australia
3.26 % 2019 +1.6 % +8.2 % View data
6 #6
Taiwan
3.20 % 2015 -3.0 % +0.0 % View data
7 #7
France
3.10 % 2015 +0.0 % -2.1 % View data
8 #8
South Africa
2.70 % 2015 +0.0 % NA View data
9 #9
Japan
2.60 % 2015 +8.3 % +4.2 % View data
10 #10
United Kingdom
2.40 % 2015 -7.7 % -5.0 % View data
11 #11
Brazil
1.80 % 2015 -5.3 % +1.9 % View data
11 #11
Thailand
1.80 % 2015 -18.2 % -5.0 % View data
13 #13
Malaysia
1.70 % 2015 +0.0 % +0.0 % View data
13 #13
Singapore
1.70 % 2015 +6.3 % +2.0 % View data
15 #15
China
1.60 % 2015 +6.7 % +7.2 % View data
16 #16
Russia
1.20 % 2015 +0.0 % +0.0 % View data
17 #17
India
0.79 % 2019 +1.3 % +2.5 % View data
18 #18
Sri Lanka
0.70 % 2015 +0.0 % +0.0 % View data
19 #19
Pakistan
0.30 % 2015 +0.0 % +0.0 % View data

Source: India Insurance Regulatory and Development Authority

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