Georgia: Life insurance volume
* indicates monthly or quarterly data series
| Georgia |
Life insurance premium volume, percent of GDP |
|---|---|
| Latest value | 0.10 |
| Year | 2020 |
| Measure | percent |
| Data availability | 1997 - 2020 |
| Average | 0.04 |
| Min - Max | 0.00 - 0.10 |
| Source | Swiss Re |
The latest value from 2020 is 0.1 percent, an increase from 0.09 percent in 2019. In comparison, the world average is 1.90 percent, based on data from 92 countries. Historically, the average for Georgia from 1997 to 2020 is 0.04 percent. The minimum value, 0 percent, was reached in 1997 while the maximum of 0.1 percent was recorded in 2020.
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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 | 0.10 | 2020 | percent |
| Non-life insurance premium volume | 0.67 | 2020 | percent |
| Pension fund assets to GDP | 2.36 | 2020 | percent |
| Insurance company assets | 1.85 | 2020 | percent |
| Nonbank financial institutions assets to GDP | 2.88 | 2021 | percent |