Australia - Life Insurance Penetration

Since 2014, Australia Life Insurance Penetration was down by 3.2points year on year. With 3.23 Percent in 2019, the country was number 10 comparing other countries in Life Insurance Penetration. Taiwan topped the ranking with 16.74 Percent in 2019, that is a growth of 0.8points compared to 2018. South Africa, South Korea and United Kingdom respectively ranked number 2, 3 and 4 in this ranking. China recorded the best 5 years average growth at +6.9points per year, while Japan recorded the worst performance at -3.5points per year.

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Date Percent
2019 3.23
2018 3.21
2017 3.19
2016 2.99
2015 3.50
Download all data from 2012 to 2019

How does Australia rank 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
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
Compare all 19 countries

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