Magazine date:
Mar 2020 Asia Pacific insurance industry: life and non life turnover per country
In millions USD| Turnover | Market shares | |||||
|---|---|---|---|---|---|---|
| Total | Non life | Life | % Life | Regional | World | |
China | 574 877 | 261 512 | 313 365 | 54.51% | 34.17% | 11.07% |
Japan | 440 648 | 106 405 | 334 243 | 75.85% | 26.19% | 8.49% |
South Korea | 179 024 | 80 951 | 98 072 | 54.78% | 10.64% | 3.45% |
Taiwan | 121 908 | 19 864 | 102 044 | 83.71% | 7.25% | 2.35% |
India | 99 838 | 26 102 | 73 735 | 73.85% | 5.93% | 1.92% |
Australia | 79 098 | 48 983 | 30 115 | 38.07% | 4.70% | 1.52% |
Hong Kong | 65 912 | 4 899 | 61 013 | 92.57% | 3.92% | 1.27% |
Singapore | 30 609 | 8 153 | 22 456 | 73.36% | 1.82% | 0.59% |
Thailand | 26 622 | 8 485 | 18 136 | 68.12% | 1.58% | 0.51% |
Indonesia | 20 383 | 4 863 | 15 520 | 76.14% | 1.21% | 0.39% |
Malaysia | 16 634 | 5 053 | 11 581 | 69.62% | 0.99% | 0.32% |
New Zealand | 10 406 | 8 629 | 1 777 | 17.08% | 0.62% | 0.20% |
Philippines | 6 018 | 1 846 | 4 172 | 69.33% | 0.36% | 0.12% |
Vietnam | 5 839 | 2 040 | 3 799 | 65.06% | 0.35% | 0.11% |
Bangladesh | 1 540 | 447 | 1 093 | 70.97% | 0.09% | 0.03% |
Sri Lanka | 1 026 | 551 | 476 | 46.39% | 0.06% | 0.02% |
Other countries | 2 129 | 881 | 1 248 | 58.62% | 0.13% | 0.04% |
Total region | 1 682 511 | 589 664 | 1 092 845 | 64.95% | 32.40% | 32.40% |
Rest of the world | 3 510 714 | 2 230 511 | 1 280 205 | 36.47% | 67.60% | 67.60% |
Total world | 5 193 225 | 2 820 175 | 2 373 050 | 45.70% | 100.00% | 100.00% |
Asia Pacific insurance industry: penetration rate
| Country | Life | Non life | Total |
|---|---|---|---|
Taiwan | 17.48% | 3.40% | 20.88% |
Hong Kong | 16.81% | 1.35% | 18.16% |
South Korea | 6.12% | 5.05% | 11.17% |
Japan | 6.72% | 2.14% | 8.86% |
Singapore | 6.22% | 1.60% | 7.82% |
Australia | 2.13% | 3.46% | 5.59% |
Thailand | 3.59% | 1.68% | 5.27% |
New Zealand | 0.88% | 4.27% | 5.15% |
Malaysia | 3.32% | 1.45% | 4.77% |
China | 2.30% | 1.92% | 4.22% |
India | 2.74% | 0.97% | 3.71% |
Vietnam | 1.58% | 0.85% | 2.43% |
Indonesia | 1.49% | 0.47% | 1.96% |
Philippines | 1.26% | 0.56% | 1.82% |
Sri Lanka | 0.54% | 0.62% | 1.16% |
Bangladesh | 0.41% | 0.17% | 0.58% |
Region average | 4.53% | 2.23% | 6.76% |
Asia Pacific: insurance density
In USD| Country | Life | Non life | Total |
|---|---|---|---|
Hong Kong | 8 204 | 659 | 8 863 |
Taiwan | 4 320 | 841 | 5 161 |
Singapore | 3 944 | 1 014 | 4 958 |
Japan | 2 629 | 837 | 3 466 |
South Korea | 1898 | 1 567 | 3 465 |
Australia | 1 203 | 1 957 | 3 160 |
New Zealand | 367 | 1 780 | 2 147 |
Malaysia | 361 | 157 | 518 |
China | 221 | 185 | 406 |
Thailand | 262 | 123 | 385 |
Indonesia | 58 | 18 | 76 |
India | 54 | 19 | 73 |
Vietnam | 39 | 21 | 60 |
Philippines | 39 | 17 | 56 |
Sri Lanka | 23 | 26 | 49 |
Bangladesh | 7 | 3 | 10 |
Region average | 577 | 1 322 | 1 899 |
Read also | Global insurance industry [4]
