Top 10 Countries by Total Insurance Premiums Per Capita and Percent of Gross Domestic Product (GDP), 2015 (1)
Rank |
Country |
Total premiums per capita |
Rank |
Country |
Total premiums as a percent of GDP |
1 |
Cayman Islands |
$12,619.3 |
1 |
Cayman Islands |
20.24% |
2 |
Switzerland |
7,370.3 |
2 |
Taiwan |
18.97 |
3 |
Hong Kong |
6,271.2 |
3 |
Hong Kong |
14.76 |
4 |
Luxembourg |
5,401.3 |
4 |
South Africa |
14.69 |
5 |
Finland |
4,963.2 |
5 |
Finland |
11.86 |
6 |
Denmark |
4,914.2 |
6 |
South Korea (2) |
11.42 |
7 |
Netherlands |
4,763.1 |
7 |
Japan (2) |
10.82 |
8 |
United Kingdom |
4,358.5 |
8 |
Netherlands |
10.72 |
9 |
United States |
4,095.8 |
9 |
United Kingdom |
9.97 |
10 |
Taiwan |
4,094.1 |
10 |
Denmark |
9.43 |
|
World |
$621.2 |
|
World |
6.23% |
|
(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2015, to March 31, 2016.
Source: Swiss Re, sigma, No. 3/2016.
Top 10 Countries By Total Insurance Premiums Per Capita And Percent Of Gross Domestic Product (GDP), 2016 (1)
Rank |
Country |
Total premiums
per capita |
Rank |
Country |
Total premiums
as a percent of GDP |
1 |
Cayman Islands |
$12,160.3 |
1 |
Cayman Islands |
22.60% |
2 |
Hong Kong |
7,678.8 |
2 |
Taiwan |
19.99 |
3 |
Switzerland |
6,933.5 |
3 |
Hong Kong |
17.60 |
4 |
Denmark |
5,158.7 |
4 |
South Africa |
14.27 |
5 |
Finland |
5,060.7 |
5 |
South Korea (2) |
12.08 |
6 |
Netherlands |
4,716.9 |
6 |
Finland |
11.75 |
7 |
Luxembourg |
4,589.3 |
7 |
Netherlands |
10.39 |
8 |
Ireland |
4,408.4 |
8 |
United Kingdom |
10.16 |
9 |
Taiwan |
4,320.7 |
9 |
Denmark |
9.58 |
10 |
United States |
4,174.1 |
10 |
Japan (2) |
9.51 |
|
Total world |
$638.3 |
|
Total world |
6.28% |
|
(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2016 to March 31, 2017.
Source: Swiss Re, sigma, No. 3/2017.
Top 10 Countries By Total Insurance Premiums Per Capita and Percent of Gross Domestic Product (GDP), 2017 (1)
Rank |
Country |
Total premiums
per capita |
Rank |
Country |
Total premiums
as a percent of GDP |
1 |
Cayman Islands |
$12,122 |
1 |
Taiwan |
21.32% |
2 |
Hong Kong |
8,313 |
2 |
Cayman Islands |
19.61 |
3 |
Switzerland |
6,811 |
3 |
Hong Kong |
17.94 |
4 |
Denmark |
5,772 |
4 |
South Africa |
13.75 |
5 |
Luxembourg |
5,011 |
5 |
South Korea (2) |
11.57 |
6 |
Taiwan |
4,997 |
6 |
Finland |
10.65 |
7 |
Singapore |
4,749 |
7 |
Denmark |
10.21 |
8 |
Finland |
4,737 |
8 |
United Kingdom |
9.58 |
9 |
Ireland |
4,687 |
9 |
Netherlands |
9.56 |
10 |
Netherlands |
4,631 |
10 |
France |
8.95 |
|
Total world |
$650 |
|
Total world |
6.13% |
|
(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2017 to March 31, 2018.
Source: Swiss Re, sigma, No. 3/2018.
Top 10 Countries by Total Insurance Premiums Per Capita and Percent of Gross Domestic Product (GDP), 2018 (1)
Rank |
Country |
Total premiums
per capita |
Rank |
Country |
Total premiums as
a percent of GDP |
1 |
Cayman Islands |
$11,642 |
1 |
Taiwan |
20.88% |
2 |
Hong Kong |
8,863 |
2 |
Hong Kong |
18.16 |
3 |
Switzerland |
6,934 |
3 |
Cayman Islands |
17.51 |
4 |
Denmark |
6,289 |
4 |
South Africa |
12.89 |
5 |
Ireland |
5,253 |
5 |
South Korea (2) |
11.16 |
6 |
Taiwan |
5,161 |
6 |
United Kingdom |
10.61 |
7 |
Luxembourg |
5,001 |
7 |
Denmark |
10.37 |
8 |
Singapore |
4,958 |
8 |
Finland |
9.87 |
9 |
Finland |
4,926 |
9 |
Netherlands |
9.24 |
10 |
Netherlands |
4,890 |
10 |
France |
8.89 |
|
Total world |
$682 |
|
Total world |
6.09% |
|
(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2018 to March 31, 2019.
Source: Swiss Re, sigma, No. 3/2019.
Top 10 Countries by Total Insurance Premiums Per Capita and Percent of Gross Domestic Product (GDP), 2019 (1)
Rank |
Country |
Total premiums
per capita |
Rank |
Country |
Total premiums as
a percent of GDP |
1 |
Cayman Islands |
$12,764 |
1 |
Taiwan |
19.97% |
2 |
Hong Kong |
9,706 |
2 |
Hong Kong |
19.74 |
3 |
United States |
7,495 |
3 |
Cayman Islands |
19.18 |
4 |
Switzerland |
6,835 |
4 |
South Africa |
13.40 |
5 |
Denmark |
6,384 |
5 |
United States |
11.43 |
6 |
Ireland |
5,920 |
6 |
South Korea (2) |
10.78 |
7 |
Macao |
5,551 |
7 |
Denmark |
10.68 |
8 |
Luxembourg |
5,165 |
8 |
Namibia |
10.44 |
9 |
Taiwan |
4,993 |
9 |
United Kingdom |
10.30 |
10 |
Finland |
4,948 |
10 |
Finland |
10.17 |
|
Total world |
$818 |
|
Total world |
7.23% |
|
(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2019 to March 31, 2020.
Source: Swiss Re, sigma, No. 4/2020.
Top 10 Countries By Total Insurance Premiums Per Capita And Percent Of Gross Domestic Product (GDP), 2020
Rank |
Country |
Total premiums
per capita |
Rank |
Country |
Total premiums as
a percent of GDP |
1 |
Cayman Islands |
$11,479 |
1 |
Hong Kong |
20.8% |
2 |
Hong Kong |
9,746 |
2 |
Taiwan |
17.4 |
3 |
United States |
7,673 |
3 |
Cayman Islands |
14.5 |
4 |
Switzerland |
7,224 |
4 |
South Africa |
13.7 |
5 |
Denmark |
6,521 |
5 |
United States |
12.0 |
6 |
Singapore |
5,638 |
6 |
South Korea (2) |
11.6 |
7 |
Macao |
5,593 |
7 |
United Kingdom |
11.1 |
8 |
Ireland |
5,588 |
8 |
Denmark |
11.0 |
9 |
Finland |
5,218 |
9 |
Finland |
10.7 |
10 |
Netherlands |
5,022 |
10 |
Netherlands |
9.6 |
|
Total world |
$809 |
|
Total world |
7.4% |
|
(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2020 to March 31, 2021.
Source: Swiss Re, sigma, No.3/2021.