Australia - Gross Premium Income of Life Insurance

Since 2014, Australia Gross Premium Income of Life Insurance fell by 6.5% year on year. In 2019, the country was ranked number 14 among other countries in Gross Premium Income of Life Insurance with $40.1 Billion. Australia is overtaken by Brazil, which was number 13 with $41.7 Billion and is followed by South Africa at $33.7 Billion. United States lead the ranking with $566.6 Billion in 2019, that is a growth of 0.6% versus 2018. Japan, China and United Kingdom respectively ranked number 2, 3 and 4 in this ranking. China witnessed the best average annual growth at +9.1% per year, while Australia witnessed the worst performance at -6.5% per year.

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Date Billion US Dollars
2019 40.10
2018 40.30
2017 40.50
2016 37.70
2015 43.70
Download all data from 2010 to 2019

How does Australia rank in Gross Premium Income of Life Insurance?

# 19 Countries Billion US Dollars Last YoY 5‑years CAGR
1 #1
United States
566.60 2019 +0.6 % +1.3 % View data
2 #2
Japan
323.60 2019 -2.6 % -2.4 % View data
13 #13
Brazil
41.70 2019 +0.7 % -1.6 % View data
14 #14
Australia
40.10 2019 -0.5 % -6.5 % View data
15 #15
South Africa
33.70 2019 -1.5 % -4.0 % View data
Compare all 19 countries

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