Australia - Life Insurance Penetration

Since 2014, Australia Life Insurance Penetration fell by 3.2points year on year. In 2019, the country was number 10 among other countries in Life Insurance Penetration with 3.23 Percent. Taiwan ranked the highest 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 witnessed 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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