South Korea - Non-life Insurance Penetration

Since 2012, South Korea Non-Life Insurance Penetration decreased by 8.2points year on year. In 2015, the country was ranked number 2 among other countries in Non-Life Insurance Penetration with 4.1 Percent. United States ranked the highest with 4.2 Percent in 2015, that is a decrease of 2.3points compared to 2014. Australia witnessed the best average annual growth at +8.2points per year, while South Korea recorded the worst performance at -8.2points per year.

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Date Percent
2015 4.10
2014 4.10
2013 4.40
2012 5.30
Download all data from 2012 to 2015

How does South Korea rank in Non-Life Insurance Penetration?

# 19 Countries Percent Last YoY 5‑years CAGR
1 #1
United States
4.20 % 2015 -2.3 % -2.3 % View data
2 #2
South Korea
4.10 % 2015 +0.0 % -8.2 % View data
2 #2
Switzerland
4.10 % 2015 +0.0 % -1.6 % View data
4 #4
Germany
3.40 % 2015 +0.0 % -1.9 % View data
5 #5
Australia
3.26 % 2019 +1.6 % +8.2 % View data
Compare all 19 countries

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