Singapore - Insurance Penetration
Since 2014, Singapore Insurance Penetration grew 2.1points year on year. At 7.45 Percent in 2019, the country was number 8 among other countries in Insurance Penetration. Singapore is overtaken by Switzerland, which was number 7 at 8.78 Percent and is followed by United States with 7.08 Percent. Taiwan topped the ranking with 20.1 Percent in 2019, that is a growth of 0.7points versus 2018. South Africa, South Korea and United Kingdom respectively ranked number 2, 3 and 4 in this ranking. China witnessed the best average annual growth at +5.7points per year, while Japan recorded the worst performance at -2.6points per year.
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| Date | Percent |
|---|---|
| 2019 | 7.45 |
| 2018 | 7.36 |
| 2017 | 7.26 |
| 2016 | 7.15 |
| 2015 | 7.30 |
Download all data from 2012 to 2019
How does Singapore rank in Insurance Penetration?
| # | 19 Countries | Percent | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Taiwan
|
20.10 % | 2019 | +0.7 % | +1.2 % | View data | |
| 2 |
#2
South Africa
|
14.27 % | 2016 | -2.9 % | -2.5 % | View data | |
| 7 |
#7
Switzerland
|
8.78 % | 2019 | -0.7 % | -0.9 % | View data | |
| 8 |
#8
Singapore
|
7.45 % | 2019 | +1.2 % | +2.1 % | View data | |
| 9 |
#9
United States
|
7.08 % | 2019 | -1.0 % | -0.6 % | View data | |