Insurance Density

Select Country

Year

2018

Life

55

$ per person

Non Life

19

$ per person

Country-Wise Insurance Density Data (2010-2018)

The dynamic graph shows the insurance density data over the years for the selected country. The data provides the density rate for both life and non-life insurance.

Last updated on 08-07-2020

YearCountryTotalLifeNon Life
2010India64.455.78.7
2011India594910
2012India544311
2013India524111
2014India554411
2015India554312
2016India59.746.513.2
2017India735518
2018India745519

Last updated on 08-07-2020

Insurance Density- Emerging Markets

Insurance Density is the ratio between the gross insurance premium in $US and the total population of the country in the same period. It gives us the premium that is paid per person in the country or an average premium that is paid by the people of that country

  • It is not important that the country who is leading in penetration would also have a high insurance density.
  • Taiwan was leading in insurance penetration, but Hong Kong has the highest insurance density in 2018.
  • Insurance density of developing nations like India, Pakistan, Russia, Sri Lanka, South Africa remains very low as compared to others, while Malaysia stood the 10th rank in top 10 insurance markets by density in 2017.
  • Also, India was not in the list of emerging markets for insurance in 2017.

Last updated on 08-07-2020