Singapore - Life Insurance Penetration

Since 2014, Singapore Life Insurance Penetration was up 2.9points year on year. In 2019, the country was ranked number 7 among other countries in Life Insurance Penetration at 5.76 Percent. Singapore is overtaken by France, which was number 6 with 6.2 Percent and is followed by Switzerland at 4.7 Percent. Taiwan lead the ranking with 16.74 Percent in 2019, that is an increase of 0.8points versus 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 5.76
2018 5.67
2017 5.57
2016 5.48
2015 5.60
Download all data from 2012 to 2019

How does Singapore 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
6 #6
France
6.20 % 2019 +0.5 % +1.0 % View data
7 #7
Singapore
5.76 % 2019 +1.6 % +2.9 % View data
8 #8
Switzerland
4.70 % 2019 -0.8 % -1.6 % View data
Compare all 19 countries

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