Asia-Pacific insurance market in 2021

Figures in million USD
RankCountryTurnover2020-2021 evolution2021 shares
RegionalGlobal20212020
12China696 128655 8656.14%37.90%
23Japan403 592414 475-2.63%21.97%
37South Korea193 008190 0851.54%10.51%
410India126 975111 91113.46%6.91%
511Taiwan113 423113 3040.11%6.18%
614Australia72 57662 82515.52%3.95%
715Hong Kong72 22872 940-0.98%3.93%
824Singapore44 15836 70620.30%2.40%
928Thailand27 61027 2401.36%1.50%
1033Malaysia19 71018 3987.13%1.07%
Top 101 769 4081 703 7493.85%96.32%
1134Indonesia19 41717 58810.40%1.06%
1238New Zealand11 94710 69211.74%0.65%
1343Vietnam9 3298 00816.50%0.51%
1446Philippines7 9506 44123.43%0.43%
1551Macau4 5384 1898.33%0.24%
1660Bangladeshi1 9901 74713.91%0.11%
1780Sri Lanka1 0611 0322.81%0.06%
Total1 825 6401 753 4464.12%99.38%
Rest of the market11 35910 6167.00%0.62%
Total region1 836 9991 764 0624.13%100.00%

Sources: Sigma (Swiss Re) and Atlas Magazine

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