Benin: Life insurance volume

* indicates monthly or quarterly data series
 Benin

Life insurance premium volume, percent of GDP

 Latest value 0.29
 Year 2019
 Measure percent
 Data availability 1994 - 2019
 Average 0.14
 Min - Max 0.01 - 0.29
 Source Swiss Re
The latest value from 2019 is 0.29 percent, an increase from 0.25 percent in 2018. In comparison, the world average is 1.74 percent, based on data from 131 countries. Historically, the average for Benin from 1994 to 2019 is 0.14 percent. The minimum value, 0.01 percent, was reached in 1994 while the maximum of 0.29 percent was recorded in 2019. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Benin - Life insurance volume - Recent values chart

Historical series
Benin - Life insurance volume - historical chart - 1994-2019




Definition: Ratio of 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.

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 Related indicators Latest Reference Measure
 Life insurance volume 0.29 2019 percent
 Non-life insurance premium volume 0.27 2019 percent
 Insurance company assets 1.69 2019 percent
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