Singapore - Insurance Penetration

Since 2014, Singapore Insurance Penetration increased 2.1points year on year. With 7.45 Percent in 2019, the country was ranked number 8 comparing other countries in Insurance Penetration. Singapore is overtaken by Switzerland, which was ranked number 7 at 8.78 Percent and is followed by United States with 7.08 Percent. Taiwan lead the ranking with 20.1 Percent in 2019, an increase 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 witnessed 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
Compare all 19 countries

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