International Comparison of Insurance Penetration

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TABLE 49 INTERNATIONAL COMPARISON OF INSURANCE PENETRATION* (In Per cent) 2009 2008 2007 2006 2005 Countries Total Life Total Life Total Life Total Life Total Life Australia 6.40 3.40 3.00 7.30 4.40 2.90 6.80 3.80 3.00 7.00 3.80 3.20 6.60 3.51 3.09 Brazil 3.10 1.60 1.50 3.00 1.40 1.60 3.00 1.40 1.60 2.80 1.30 1.60 3.01 1.33 1.68 France 10.30 7.20 3.10 9.20 6.20 3.00 10.30 7.30 3.00 11.00 7.90 3.10 10.21 7.08 3.13 Germany 7.00 3.30 3.70 6.60 3.00 3.50 6.60 3.10 3.60 6.70 3.10 3.60 6.79 3.06 3.73 Russia 2.50 0.00 2.50 2.30 0.00 2.30 2.40 0.10 2.40 2.30 0.10 2.30 2.27 0.12 2.15 South Africa 12.90 10.00 2.90 15.30 12.50 2.90 15.30 12.50 2.80 16.00 13.00 3.00 13.87 10.84 3.03 Switzerland 9.80 5.40 4.50 9.90 5.50 4.40 10.30 5.70 4.60 11.00 6.20 4.90 11.19 6.20 4.99 United Kingdom 12.90 10.00 3.00 15.70 12.80 2.90 15.70 12.60 3.00 16.50 13.10 3.40 12.45 8.90 3.55 United States 8.00 3.50 4.50 8.70 4.10 4.60 8.90 4.20 4.70 8.80 4.00 4.80 9.15 4.14 5.01 Asian Countries Bangladesh 0.90 0.70 0.20 0.90 0.70 0.20 0.70 0.50 0.20 0.60 0.40 0.20 0.61 0.42 0.20 Hong Kong 11.00 9.60 1.40 11.20 9.90 1.30 11.80 10.60 1.20 10.50 9.20 1.20 9.93 8.63 1.29 India# 5.20 4.60 0.60 4.60 4.00 0.60 4.70 4.00 0.60 4.80 4.10 0.60 3.14 2.53 0.61 Japan 9.90 7.80 2.10 9.80 7.60 2.20 9.60 7.50 2.10 10.50 8.30 2.20 10.54 8.32 2.22 Malaysia 4.40 2.90 1.60 4.30 2.80 1.50 4.60 3.10 1.50 4.90 3.20 1.70 5.42 3.60 1.82 Pakistan 0.70 0.30 0.40 0.80 0.30 0.40 0.70 0.30 0.40 0.80 0.30 0.50 0.67 0.27 0.40 PR China 3.40 2.30 1.10 3.30 2.20 1.00 2.90 1.80 1.10 2.70 1.70 1.00 2.70 1.78 0.92 Singapore 6.80 5.10 1.70 7.80 6.30 1.60 7.60 6.20 1.50 6.50 5.40 1.10 7.47 6.00 1.48 South Korea 10.40 6.50 3.90 11.80 8.00 3.70 11.80 8.20 3.60 11.10 7.90 3.20 10.25 7.27 2.98 Sri Lanka 1.40 0.60 0.90 1.40 0.60 0.90 1.50 0.60 0.90 1.60 0.60 0.90 1.46 0.62 0.84 Taiwan 16.80 13.80 3.00 16.20 13.30 2.90 15.70 12.90 2.80 14.50 11.60 2.90 14.11 11.17 2.93 Thailand 4.00 2.40 1.60 3.30 1.80 1.50 3.40 1.80 1.50 3.50 1.90 1.60 3.61 1.99 1.62 World 7.00 4.00 3.00 7.10 4.10 2.90 7.50 4.40 3.10 7.50 4.50 3.00 7.52 4.34 3.18 Source: Swiss Re, Sigma various volumes * Insurance penetration is measured as ratio of premium (in US Dollars) to GDP (in US Dollars) # data relates to financial year Non- Life Non- Life Non- Life Non- Life Non- Life

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International Comparison of Insurance Penetration

Transcript of International Comparison of Insurance Penetration

PenetrationTABLE 49Cont'd...TABLE 49INTERNATIONAL COMPARISON OF INSURANCE PENETRATION*INTERNATIONAL COMPARISON OF INSURANCE PENETRATION*(In Per cent)(In Per cent)200920082007200620052004200320022001CountriesTotalLifeNon-LifeTotalLifeNon-LifeTotalLifeNon-LifeTotalLifeNon-LifeTotalLifeNon-LifeTotalLifeNon-LifeTotalLifeNon-LifeTotalLifeNon-LifeTotalLifeNon-LifeAustralia6.403.403.007.304.402.906.803.803.007.003.803.206.603.513.098.024.173.857.994.423.578.485.023.469.155.73.45Brazil3.101.601.503.001.401.603.001.401.602.801.301.603.011.331.682.981.361.622.961.281.682.791.051.742.140.361.78France10.307.203.109.206.203.0010.307.303.0011.007.903.1010.217.083.139.526.383.149.155.993.168.585.612.978.585.732.85Germany7.003.303.706.603.003.506.603.103.606.703.103.606.793.063.736.973.113.866.993.173.826.763.063.76.5933.59Russia2.500.002.502.300.002.302.400.102.402.300.102.302.270.122.152.830.612.223.251.122.132.770.961.813.061.551.51South Africa12.9010.002.9015.3012.502.9015.3012.502.8016.0013.003.0013.8710.843.0314.3811.432.9515.8812.962.9218.7815.922.8617.9715.192.78Switzerland9.805.404.509.905.504.4010.305.704.6011.006.204.9011.196.204.9911.756.735.0212.747.725.0213.368.145.2212.717.954.76United Kingdom12.9010.003.0015.7012.802.9015.7012.603.0016.5013.103.4012.458.903.5512.68.923.6813.378.624.7514.7510.194.5614.1810.733.45United States8.003.504.508.704.104.608.904.204.708.804.004.809.154.145.019.364.225.149.614.385.239.584.64.988.974.44.57Asian CountriesBangladesh0.900.700.200.900.700.200.700.500.200.600.400.200.610.420.200.570.370.20.570.370.20.460.290.170.460.290.17Hong Kong11.009.601.4011.209.901.3011.8010.601.2010.509.201.209.938.631.299.277.881.397.886.381.56.655.21.456.345.131.21India#5.204.600.604.604.000.604.704.000.604.804.100.603.142.530.613.172.530.642.882.260.623.262.590.672.712.150.56Japan9.907.802.109.807.602.209.607.502.1010.508.302.2010.548.322.2210.518.262.2510.818.612.210.868.642.2211.078.852.22Malaysia4.402.901.604.302.801.504.603.101.504.903.201.705.423.601.825.43.521.885.353.292.064.912.941.975.183.381.8Pakistan0.700.300.400.800.300.400.700.300.400.800.300.500.670.270.400.710.280.430.620.240.380.620.240.380.680.30.38PR China3.402.301.103.302.201.002.901.801.102.701.701.002.701.780.923.262.211.053.332.31.032.982.030.952.21.340.86Singapore6.805.101.707.806.301.607.606.201.506.505.401.107.476.001.487.56.021.487.596.091.54.913.481.434.583.41.18South Korea10.406.503.9011.808.003.7011.808.203.6011.107.903.2010.257.272.989.526.752.779.636.772.8611.618.233.3812.078.693.38Sri Lanka1.400.600.901.400.600.901.500.600.901.600.600.901.460.620.841.370.60.771.30.550.751.30.550.751.20.530.67Taiwan16.8013.803.0016.2013.302.9015.7012.902.8014.5011.602.9014.1111.172.9314.1311.063.0711.318.283.0310.167.352.818.626.032.59Thailand4.002.401.603.301.801.503.401.801.503.501.901.603.611.991.623.521.941.583.452.251.23.242.091.152.941.861.08World7.004.003.007.104.102.907.504.403.107.504.503.007.524.343.187.994.553.448.064.593.478.144.763.387.834.683.15Source: Swiss Re, Sigma various volumesSource: Swiss Re, Sigma various volumes* Insurance penetration is measured as ratio of premium (in US Dollars) to GDP (in US Dollars)* Insurance penetration is measured as ratio of premium (in US Dollars) to GDP (in US Dollars)# data relates to financial year# data relates to financial year