Insurance Penetration

This key economic indicator for the Insurance sector has been recently updated.

  1. In 2019, Insurance Penetration in Taiwan grew 0.7points compared to the previous year.
  2. Since 2014 Taiwan Insurance Penetration grew 1.2points year on year close to 20.1 Percent.
  3. In 2019 South Korea was number 3 in Insurance Penetration.

Top Countries in Insurance Penetration

# 19 Countries Percent Last YoY 5‑years CAGR
1 #1
Taiwan
20.10 % 2019 +0.7 % +1.2 % View data
2 #2
South Africa
14.27 % 2016 -2.9 % -2.5 % View data
3 #3
South Korea
11.84 % 2019 +0.0 % +0.9 % View data
4 #4
United Kingdom
9.85 % 2019 -1.0 % -1.5 % View data
5 #5
Japan
9.47 % 2019 -1.5 % -2.6 % View data
6 #6
France
9.32 % 2019 +0.2 % +0.5 % View data
7 #7
Switzerland
8.78 % 2019 -0.7 % -0.9 % View data
8 #8
Singapore
7.45 % 2019 +1.2 % +2.1 % View data
9 #9
United States
7.08 % 2019 -1.0 % -0.6 % View data
10 #10
Australia
6.49 % 2019 +0.9 % +1.6 % View data
11 #11
Germany
5.98 % 2019 -0.8 % -1.6 % View data
12 #12
Thailand
5.57 % 2019 +0.5 % -0.8 % View data
13 #13
Malaysia
4.86 % 2019 +0.2 % +0.3 % View data
14 #14
China
4.23 % 2019 +2.2 % +5.7 % View data
15 #15
Brazil
4.08 % 2019 +0.7 % +0.9 % View data
16 #16
India
3.32 % 2019 -1.2 % +0.1 % View data
17 #17
Russia
1.41 % 2019 +0.7 % +0.1 % View data
18 #18
Sri Lanka
1.12 % 2019 -0.9 % +0.4 % View data
19 #19
Pakistan
0.91 % 2019 +2.3 % +2.6 % View data

Source: India Insurance Regulatory and Development Authority

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