South Korea: Non-life insurance premium volume

(measure: percent; source: Swiss Re)

South Korea: Non-life insurance premium volume, percent of GDP

: For that indicator, Swiss Re provides data for South Korea from 1990 to 2014. The average value for South Korea during that period was 2.94 percent with a minumum of 1.78 percent in 1990 and a maximum of 5 percent in 2014. See the global rankings for that indicator or use the country comparator to compare trends over time.
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Definition: Ratio of non-life insurance premium volume to GDP. Premium volume is the insurer's direct premiums earned (if Property/Casualty) or received (if Life/Health) during the previous calendar year. Premium data are taken from various issues of Sigma reports (Swiss Re). Data on GDP in US dollars is from the electronic version of the World Development Indicators.