South Korea - Life Insurance Penetration

Since 2014, South Korea Life Insurance Penetration was up 0.7points year on year. With 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 ranked number 2 with 11.52 Percent and is followed by United Kingdom at 7.38 Percent. Taiwan topped the ranking with 16.74 Percent in 2019, a growth of 0.8points versus 2018. China recorded the best 5 years average growth at +6.9points per year, while Japan was the worst growing country 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
Compare all 19 countries

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