South Korea - Gross Premium Income of Life Insurance
Since 2014, South Korea Gross Premium Income of Life Insurance increased 1.8% year on year. In 2019, the country was ranked number 7 comparing other countries in Gross Premium Income of Life Insurance with $110.6 Billion. South Korea is overtaken by Italy, which was ranked number 6 with $126.5 Billion and is followed by Germany at $91.9 Billion. United States lead the ranking with $566.6 Billion in 2019, a growth of 0.6% versus 2018. Japan, China and United Kingdom respectively ranked number 2, 3 and 4 in this ranking. China witnessed the best average annual growth at +9.1% per year, while Australia witnessed the worst performance at -6.5% per year.
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Date | Billion US Dollars |
---|---|
2019 | 110.60 |
2018 | 108.40 |
2017 | 106.20 |
2016 | 104.20 |
2015 | 101.30 |
Download all data from 2010 to 2019
How does South Korea rank in Gross Premium Income of Life Insurance?
# | 19 Countries | Billion US Dollars | Last | YoY | 5‑years CAGR | ||
---|---|---|---|---|---|---|---|
1 |
#1
United States
|
566.60 | 2019 | +0.6 % | +1.3 % | View data | |
2 |
#2
Japan
|
323.60 | 2019 | -2.6 % | -2.4 % | View data | |
6 |
#6
Italy
|
126.50 | 2019 | +0.4 % | -2.7 % | View data | |
7 |
#7
South Korea
|
110.60 | 2019 | +2.0 % | +1.8 % | View data | |
8 |
#8
Germany
|
91.90 | 2019 | -1.7 % | -5.0 % | View data |