South Korea - Life Insurance Penetration
Since 2014, South Korea Life Insurance Penetration rose 0.7points year on year. At 7.46 Percent in 2019, the country was ranked number 3 comparing other countries in Life Insurance Penetration. South Korea is overtaken by South Africa, which was number 2 with 11.52 Percent and is followed by United Kingdom with 7.38 Percent. Taiwan lead the ranking with 16.74 Percent in 2019, that is +0.8points versus 2018. 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 | 7.46 |
| 2018 | 7.42 |
| 2017 | 7.39 |
| 2016 | 7.37 |
| 2015 | 7.30 |
Download all data from 2012 to 2019
How does South Korea 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 |