Non-life insurance premium volume to GDP (%)

This indicator reflects the ratio of non-life insurance premiums to a country's Gross Domestic Product (GDP), expressed as a percentage, providing insight into the penetration and significance of non-life insurance within the overall economy. Premium figures are aggregated from multiple Sigma reports published by Swiss Re, ensuring a robust dataset that captures trends in insurance uptake. Concurrently, GDP figures in U.S. dollars are sourced from the electronic World Development Indicators, facilitating a standardized comparison across nations. Analyzing this percentage allows policymakers and industry stakeholders to assess the maturity of the insurance market, gauge economic resilience, and identify potential growth opportunities, particularly in emerging economies where non-life insurance is often underutilized. Source:

Year:

2020

#	Country	Non-life insurance premium volume to GDP (%)	Year
1	Barbados	5.05	2020
2	Luxembourg	4.84	2020
3	Korea, Rep.	4.61	2020
4	United States	3.39	2020
5	Canada	3.32	2020
6	Bahamas, The	3.29	2020
7	Belize	3.14	2020
8	Trinidad and Tobago	2.61	2020
9	France	2.45	2020
10	Austria	2.36	2020
11	Spain	2.32	2020
12	Denmark	2.3	2020
13	Australia	2.24	2020
14	Slovenia	2.21	2020
15	Argentina	2.16	2020
16	Iceland	2.14	2020
17	Portugal	2.05	2020
18	Germany	2.04	2020
19	Bulgaria	1.92	2020
20	Norway	1.92	2020
21	Morocco	1.85	2020
22	Croatia	1.77	2020
23	Honduras	1.72	2020
24	Cyprus	1.68	2020
25	Rwanda	1.66	2020
26	Japan	1.66	2020
27	Czech Republic	1.66	2020
28	Uruguay	1.65	2020
29	Suriname	1.65	2020
30	Italy	1.64	2020
31	Finland	1.63	2020
32	Costa Rica	1.58	2020
33	Aruba	1.55	2020
34	Poland	1.54	2020
35	Chile	1.53	2020
36	Ecuador	1.47	2020
37	Panama	1.42	2020
38	Colombia	1.41	2020
39	Israel	1.39	2020
40	Netherlands	1.38	2020
41	Serbia	1.35	2020
42	Estonia	1.33	2020
43	Hungary	1.32	2020
44	El Salvador	1.32	2020
45	Thailand	1.31	2020
46	Macao SAR, China	1.27	2020
47	Namibia	1.23	2020
48	Slovak Republic	1.22	2020
49	Lithuania	1.19	2020
50	China	1.17	2020
51	Mozambique	1.13	2020
52	Turkey	1.11	2020
53	Jordan	1.11	2020
54	North Macedonia	1.09	2020
55	Greece	1.06	2020
56	Hong Kong SAR, China	1.04	2020
57	Latvia	1	2020
58	Brazil	1	2020
59	Guatemala	0.97	2020
60	Paraguay	0.95	2020
61	Albania	0.89	2020
62	Peru	0.87	2020
63	Dominican Republic	0.87	2020
64	Taiwan, China	0.84	2020
65	Romania	0.84	2020
66	Kenya	0.82	2020
67	Algeria	0.77	2020
68	Ukraine	0.76	2020
69	Singapore	0.75	2020
70	Bolivia	0.75	2020
71	Russian Federation	0.75	2020
72	Belarus	0.74	2020
73	Georgia	0.67	2020
74	Burkina Faso	0.66	2020
75	Gabon	0.63	2020
76	Moldova	0.61	2020
77	Cameroon	0.58	2020
78	Sri Lanka	0.58	2020
79	Saudi Arabia	0.56	2020
80	Ghana	0.5	2020
81	Indonesia	0.5	2020
82	Armenia	0.49	2020
83	Kazakhstan	0.47	2020
84	Philippines	0.47	2020
85	Mongolia	0.46	2020
86	Brunei Darussalam	0.45	2020
87	Uganda	0.38	2020
88	Tanzania	0.37	2020
89	Cambodia	0.33	2020
90	Angola	0.29	2020
91	Tajikistan	0.29	2020
92	Myanmar	0.28	2020
93	Yemen, Rep.	0.26	2020
94	Mauritania	0.26	2020
95	Pakistan	0.22	2020
96	Kyrgyz Republic	0.2	2020

Rank	Country	Value	Year
1	Barbados	5.054541	2020
2	Luxembourg	4.838912	2020
3	Korea, Rep.	4.614048	2020
4	United States	3.391386	2020
5	Canada	3.316457	2020
6	Bahamas, The	3.293927	2020
7	Belize	3.143965	2020
8	Trinidad and Tobago	2.608482	2020
9	France	2.448499	2020
10	Austria	2.361149	2020
11	Spain	2.316017	2020
12	Denmark	2.303007	2020
13	Australia	2.241849	2020
14	Slovenia	2.2111	2020
15	Argentina	2.159913	2020
16	Iceland	2.138876	2020
17	Portugal	2.046584	2020
18	Germany	2.041736	2020
19	Bulgaria	1.923672	2020
20	Norway	1.922483	2020
21	Morocco	1.853909	2020
22	Croatia	1.771222	2020
23	Honduras	1.722983	2020
24	Cyprus	1.675237	2020
25	Rwanda	1.664158	2020
26	Japan	1.661973	2020
27	Czech Republic	1.657945	2020
28	Uruguay	1.65398	2020
29	Suriname	1.649425	2020
30	Italy	1.641476	2020
31	Finland	1.632119	2020
32	Costa Rica	1.584898	2020
33	Aruba	1.550166	2020
34	Poland	1.543695	2020
35	Chile	1.525393	2020
36	Ecuador	1.474991	2020
37	Panama	1.42117	2020
38	Colombia	1.410103	2020
39	Israel	1.392825	2020
40	Netherlands	1.384439	2020
41	Serbia	1.350801	2020
42	Estonia	1.332713	2020
43	Hungary	1.321929	2020
44	El Salvador	1.321294	2020
45	Thailand	1.314624	2020
46	Macao SAR, China	1.268071	2020
47	Namibia	1.233809	2020
48	Slovak Republic	1.222156	2020
49	Lithuania	1.188184	2020
50	China	1.17413	2020
51	Mozambique	1.12641	2020
52	Turkey	1.107381	2020
53	Jordan	1.105283	2020
54	North Macedonia	1.088415	2020
55	Greece	1.062505	2020
56	Hong Kong SAR, China	1.04135	2020
57	Latvia	0.9991681	2020
58	Brazil	0.9962905	2020
59	Guatemala	0.971411	2020
60	Paraguay	0.9481277	2020
61	Albania	0.894483	2020
62	Peru	0.8724623	2020
63	Dominican Republic	0.8663741	2020
64	Taiwan, China	0.8446661	2020
65	Romania	0.8422216	2020
66	Kenya	0.8207447	2020
67	Algeria	0.7651609	2020
68	Ukraine	0.7641508	2020
69	Singapore	0.75404	2020
70	Bolivia	0.7484304	2020
71	Russian Federation	0.7456906	2020
72	Belarus	0.7379164	2020
73	Georgia	0.6719902	2020
74	Burkina Faso	0.6602366	2020
75	Gabon	0.6327562	2020
76	Moldova	0.6108801	2020
77	Cameroon	0.5842534	2020
78	Sri Lanka	0.5840898	2020
79	Saudi Arabia	0.5590772	2020
80	Ghana	0.5022677	2020
81	Indonesia	0.4981672	2020
82	Armenia	0.489431	2020
83	Kazakhstan	0.4723841	2020
84	Philippines	0.4674073	2020
85	Mongolia	0.457897	2020
86	Brunei Darussalam	0.4501495	2020
87	Uganda	0.3802311	2020
88	Tanzania	0.3735997	2020
89	Cambodia	0.3337857	2020
90	Angola	0.2867172	2020
91	Tajikistan	0.2858866	2020
92	Myanmar	0.277365	2020
93	Yemen, Rep.	0.2634285	2020
94	Mauritania	0.255095	2020
95	Pakistan	0.2231525	2020
96	Kyrgyz Republic	0.1973906	2020