Singapore - Life Insurance Penetration
Since 2014, Singapore Life Insurance Penetration jumped by 2.9points year on year. In 2019, the country was number 7 among other countries in Life Insurance Penetration with 5.76 Percent. Singapore is overtaken by France, which was ranked number 6 at 6.2 Percent and is followed by Switzerland at 4.7 Percent. Taiwan lead the ranking with 16.74 Percent in 2019, an increase of 0.8points versus 2018. South Africa, South Korea and United Kingdom respectively ranked number 2, 3 and 4 in this ranking. 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 | 5.76 |
| 2018 | 5.67 |
| 2017 | 5.57 |
| 2016 | 5.48 |
| 2015 | 5.60 |
Download all data from 2012 to 2019
How does Singapore 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 | |
| 6 |
#6
France
|
6.20 % | 2019 | +0.5 % | +1.0 % | View data | |
| 7 |
#7
Singapore
|
5.76 % | 2019 | +1.6 % | +2.9 % | View data | |
| 8 |
#8
Switzerland
|
4.70 % | 2019 | -0.8 % | -1.6 % | View data | |