Asia-Pacific insurance market in 2020
Figures in millions USD
| Country | Turnover | 2019-2020 evolution | 2020 shares | |
|---|---|---|---|---|
| 2020 | 2019 | |||
China | 655 875 | 617 399 | 6.23% | 37.38% |
Japan | 414 805 | 427 580 | -2.99% | 23.64% |
South Korea | 193 708 | 179 019 | 8.21% | 11.04% |
Taiwan | 113 305 | 117 824 | -3.84% | 6.46% |
India | 101 247 | 97 368 | 3.98% | 5.77% |
Hong Kong | 73 131 | 70 695 | 3.45% | 4.17% |
Australia | 62 841 | 68 688 | -8.51% | 3.58% |
Singapore | 35 061 | 31 300 | 12.02% | 2.00% |
Thaïlande | 26 765 | 27 526 | -2.76% | 1.53% |
Indonesia | 20 542 | 22 840 | -10.06% | 1.17% |
Malaysia | 18 427 | 17 543 | 5.04% | 1.05% |
New Zealand | 10 239 | 10 703 | -4.34% | 0.58% |
Vietnam | 7 965 | 6 890 | 15.60% | 0.45% |
Philippines | 6 408 | 6 297 | 1.76% | 0.37% |
Macau | 3 632 | 3 527 | 2.98% | 0.21% |
Bangladesh | 1 323 | 1 381 | -4.20% | 0.08% |
Sri Lanka | 963 | 1 100 | -12.45% | 0.05% |
| Total | 1 746 237 | 1 707 680 | 2.26% | 99.53% |
| Rest of the market | 8 283 | 11 945 | -30.66% | 0.47% |
| Asia-Pacific total | 1 754 520 | 1 719 625 | 2.03% | 100% |
Sources: Sigma (Swiss Re) and Atlas Magazine
Read also | Global insurance market
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