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
Compare all 19 countries

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