South Africa - Life Insurance Penetration

Since 2013, South Africa Life Insurance Penetration decreased by 3.2points year on year. With 11.52 Percent in 2016, the country was number 2 comparing other countries in Life Insurance Penetration. Taiwan lead the ranking with 16.74 Percent in 2019, an increase of 0.8points versus 2018. China witnessed the best average annual growth at +6.9points per year, while Japan witnessed the worst performance at -3.5points per year.

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Date Percent
2016 11.52
2015 12.00
2014 11.40
2013 12.70
Download all data from 2013 to 2016

How does South Africa 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
3 #3
South Korea
7.46 % 2019 +0.5 % +0.7 % View data
4 #4
United Kingdom
7.38 % 2019 -0.9 % -1.6 % View data
5 #5
Japan
7.03 % 2019 -2.1 % -3.5 % View data
Compare all 19 countries

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