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

Year	Country	Total	Life	Non Life
2010	India	64.4	55.7	8.7
2011	India	59	49	10
2012	India	54	43	11
2013	India	52	41	11
2014	India	55	44	11
2015	India	55	43	12
2016	India	59.7	46.5	13.2
2017	India	73	55	18
2018	India	74	55	19

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