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INTERNATIONAL COMPARISON OF INSURANCE PENETRATION

2007

2006

2005

2004

2003

2002

2001

Total Life Non-Life Total Life Non-Life Total Life Non-Life Total
Countries
Developed Contries

Life

United States

8.90

4.20

4.70

8.80

4.00

4.80

9.15

4.14

5.01

9.36

4.22

5.14

9.61

4.38

5.23

9.58

4.98

8.97

United Kingdom

15.70 12.60

3.00

16.50 13.10

3.40

12.45 8.90

3.55

12.6

8.92

3.68

13.37

8.62

4.75

14.75 10.19

4.56

14.18 10.73

3.45

Switzerland

10.30 5.70

4.60

11.00 6.20

4.90

11.19 6.20

4.99

11.75

6.73

5.02

12.74

7.72

5.02

13.36

8.14

5.22

12.71

7.95

4.76

France

10.30 7.30

3.00

11.00 7.90

3.10

10.21 7.08

3.13

9.52

6.38

3.14

9.15

5.99

3.16

8.58

5.61

2.97

8.58

5.73

2.85

Germany

6.60

3.10

3.60

6.70

3.10

3.60

6.79

3.06

3.73

6.97

3.11

3.86

6.99

3.17

3.82

6.76

3.06

3.7

6.59

3.59

South Korea

11.80 8.20

3.60

11.10 7.90

3.20

10.25 7.27

2.98

9.52

6.75

2.77

9.63

6.77

2.86

11.61

8.23

3.38

12.07

8.69

3.38

Japan

9.60

2.10

10.50 8.30

2.20

10.54 8.32

2.22

10.51

8.26

2.25

10.81

8.61

2.2

10.86

8.64

2.22

11.07

8.85

2.22

7.50

Non-Life Total

Life

Non-Life Total

Life
4.6

Non-Life Total

Life

Non-Life

4.4

4.57

Developing Countries
Brazil

3.00

1.40

1.60

2.80

1.30

1.60

3.01

1.33

1.68

2.98

1.36

1.62

2.96

1.28

1.68

2.79

1.05

1.74

2.14

0.36

1.78

Russia

2.40

0.10

2.40

2.30

0.10

2.30

2.27

0.12

2.15

2.83

0.61

2.22

3.25

1.12

2.13

2.77

0.96

1.81

3.06

1.55

1.51

Taiwan

15.70 12.90

2.80

14.50 11.60

2.90

14.11 11.17

2.93

14.13 11.06

3.07

11.31

8.28

3.03

10.16

7.35

2.81

8.62

6.03

2.59

Hong Kong

11.80 10.60

1.20

10.50 9.20

1.20

9.93

8.63

1.29

9.27

7.88

1.39

7.88

6.38

1.5

6.65

5.2

1.45

6.34

5.13

1.21

Malaysia

3.10
6.20

1.50
1.50

4.90
6.50

3.20
5.40

1.70
1.10

5.42

3.60

1.82

5.4

3.52

1.88

5.35

3.29

2.06

4.91

2.94

1.97

5.18

3.38

1.8

Singapore

4.60
7.60

7.47

6.00

1.48

7.5

6.02

1.48

7.59

6.09

1.5

4.91

3.48

1.43

4.58

3.4

1.18

Thailand

3.40

1.80

1.50

3.50

1.90

1.60

3.61

1.99

1.62

3.52

1.94

1.58

3.45

2.25

1.2

3.24

2.09

1.15

2.94

1.86

1.08

India

4.70

4.00

0.60

4.80

4.10

0.60

3.14

2.53

0.61

3.17

2.53

0.64

2.88

2.26

0.62

3.26

2.59

0.67

2.71

2.15

0.56

PR China

2.90

1.80

1.10

2.70

1.70

1.00

2.70

1.78

0.92

3.26

2.21

1.05

3.33

2.3

1.03

2.98

2.03

0.95

2.2

1.34

0.86

Sri Lanka

1.50

0.60

0.90

1.60

0.60

0.90

1.46

0.62

0.84

1.37

0.6

0.77

1.3

0.55

0.75

1.3

0.55

0.75

1.2

0.53

0.67

Pakistan

0.70

0.30

0.40

0.80

0.30

0.50

0.67

0.27

0.40

0.71

0.28

0.43

0.62

0.24

0.38

0.62

0.24

0.38

0.68

0.3

0.38

Bangladesh

0.70

0.50

0.20

0.60

0.40

0.20

0.61

0.42

0.20

0.57

0.37

0.2

0.57

0.37

0.2

0.46

0.29

0.17

0.46

0.29

0.17

South Africa
Australia

15.30 12.50
6.80 3.80

2.80
3.00

16.00 13.00
7.00 3.80

3.00
3.20

13.87 10.84
6.60 3.51

3.03
3.09

14.38 11.43
8.02 4.17

2.95
3.85

15.88 12.96
7.99 4.42

2.92
3.57

18.78 15.92
8.48 5.02

2.86
3.46

17.97 15.19
9.15
5.7

2.78
3.45

World

7.50

3.10

7.50

3.00

7.52

3.18

7.99

3.44

8.06

3.47

8.14

3.38

7.83

3.15

4.40

4.50

4.34

4.55

Source: Swiss Re, Sigma various volumes


Insurance penetration is measured as ratio (in per cent) of premium (in US Dollars) to GDP (in US Dollars)

4.59

4.76

4.68

INTERNATIONAL COMPARISON OF INSURANCE DENSITY*


Country

2007
Total

Life

2006
Non-Life Total

Life

2005
Non-Life Total

Life

2004
Non-Life Total

Life

2003
Non-Life Total

Life

2002
Non-Life Total

Life

2001
Non-Life Total

Life

Non-Life

Developed Countries
United States

4086.5 1922.0

2164.4

3923.7 1789.5

2134.2

3875.2 1753.2

2122.0

3755.1 1692.5

2062.6

3637.7 1657.5

1980.2

3461.6 1662.6

1799.0

3266.0 1602.0

United Kingdom

7113.7 5730.5

1383.2

6466.7 5139.6

1327.1

4599.0 3287.1

1311.9

4508.4 3190.4

1318.0

4058.5 2617.1

1441.4

3879.1 2679.4

1199.7

3393.8 2567.9

1664.0
825.9

Switzerland

5740.7 3159.1

2581.7

5561.9 3111.8

2450.1

5558.4 3078.1

2480.3

5716.4 3275.1

2441.3

5660.3 3431.8

2228.5

4922.4 3099.7

1822.7

4342.8 2715.7

1627.1

France

4147.6 2928.3

1219.3

4075.4 2922.5

1152.9

3568.5 2474.6

1093.9

3207.9 2150.2

1057.7

2698.3 1767.9

930.4

2064.2 1349.5

714.7

1898.8 1268.2

630.6

Germany

2662.1 1234.1

1427.9

2436.8 1136.1

1300.7

2310.5 1042.1

1268.4

2286.6 1021.3

1265.3

2051.2 930.4

1120.8

1627.7 736.7

891.0

1484.2 674.3

809.9

South Korea

2384.0 1656.6

727.3

2071.3 1480.0

591.2

1706.1 1210.6

495.5

1419.3 1006.8

412.5

1243.0 873.6

369.4

1159.8 821.9

337.9

1060.1 763.4

296.7

Japan

3319.9 2583.9

736.0

3589.6 2829.3

760.4

3746.7 2956.3

790.4

3874.8 3044.0

830.8

3770.9 3002.9

768.0

3498.6 2783.9

714.7

3507.5 2806.4

701.1

Developing Countries
Brazil

202.2

95.3

106.9

160.9

72.5

88.4

128.9

56.8

72.1

101.1

45.9

55.2

82.6

35.8

46.8

72.2

27.2

45.0

64.0

10.8

Russia

209.4

6.1

203.3

150.9

4.0

146.9

122.8

6.3

116.5

114.4

24.8

89.6

98.2

33.9

64.3

66.6

23.1

43.5

65.8

33.2

32.6

Taiwan

2628.0 2165.7

462.3

2250.2 1800.0

450.3

2145.5 1699.1

446.4

1909.0 1494.6

414.4

1433.3 1050.1

383.2

1279.2 925.1

354.1

1088.5 760.9

327.6

Hong Kong

3373.2 3031.9

341.3

2787.6 2456.0

331.6

2544.9 2213.2

331.7

2217.2 1884.3

332.9

1832.6 1483.9

348.7

1583.0 1237.9

345.1

1545.2 1249.7

295.5

Malaysia

110.6
531.2

292.2 189.2
1957.7 1616.5

103.0
341.2

283.3

188.0

95.3

256.5

167.3

89.2

227.0

139.8

87.2

198.0

118.7

79.3

198.3

129.5

68.8

Singapore

332.1 221.5
2776.0 2244.7

1983.4 1591.4

392.0

1849.3 1483.9

365.4

1620.5 1300.2

320.3

1030.7 730.1

300.6

959.0

713.2

245.8

Thailand

129.7

70.8

58.9

110.1

60.0

50.0

99.0

54.6

44.4

92.1

50.8

41.3

79.6

52.0

27.6

65.2

42.1

23.1

53.9

34.1

19.8

India

46.6

40.4

6.2

38.4

33.2

5.2

22.7

18.3

4.4

19.7

15.7

4.0

16.4

12.9

3.5

14.7

11.7

3.0

11.5

9.1

2.4

PR China

69.9

44.2

25.5

53.5

34.1

19.4

46.3

30.5

15.8

40.2

27.3

12.9

36.3

25.1

11.2

28.7

19.2

9.5

20.0

12.2

7.8

Sri Lanka

24.9

10.2

14.7

21.3

8.5

12.8

16.3

6.9

9.4

14.1

6.2

7.9

12.5

5.3

7.2

10.6

4.5

6.1

9.7

4.3

5.4

Pakistan

6.5

2.6

3.9

5.9

2.3

3.6

4.6

1.9

2.8

3.7

1.5

2.2

2.9

1.1

1.8

2.7

1.0

1.7

2.7

1.2

1.5

Bangladesh

2.9

1.9

0.9

2.6

1.8

0.8

2.5

1.7

0.8

2.3

1.5

0.8

2.1

1.4

0.7

1.6

1.0

0.6

1.6

1.0

0.6

714.6

South Africa

53.2

159.5
1326.1

855.8 695.6
2580.8 1389.0

160.2
1191.9

558.3

156.2

686.5

545.5

141.0

583.9

476.5

107.4

425.3

360.5

64.8

446.3

377.2

69.1

Australia

878.5 719.0
3000.2 1674.1

2569.9 1366.7

1203.2

2471.4 1285.1

1186.3

2041.4 1129.3

912.1

1705.9 1010.4

695.5

1668.3 1040.3

628.0

World

607.7

249.6

554.8

224.2

518.5

219.0

511.5

220.0

469.6

202.5

422.9

175.6

393.3

158.3

358.1

330.6

299.5

Source: Swiss Re, Sigma various volumes


* Insurance density is measured as ratio of premium (in US Dollar) to total population

291.5

267.1

247.3

235.0

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