Laos: Life insurance volume
* indicates monthly or quarterly data series
| Laos |
Life insurance premium volume, percent of GDP |
|---|---|
| Latest value | 0.03 |
| Year | 2019 |
| Measure | percent |
| Data availability | 1995 - 2019 |
| Average | 0.01 |
| Min - Max | 0.00 - 0.03 |
| Source | Swiss Re |
The latest value from 2019 is 0.03 percent, unchanged from 0.03 percent in 2018. In comparison, the world average is 1.74 percent, based on data from 131 countries. Historically, the average for Laos from 1995 to 2019 is 0.01 percent. The minimum value, 0 percent, was reached in 1995 while the maximum of 0.03 percent was recorded in 2018.
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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 |
|---|---|---|---|
| Stock market return | -2.77 | 2021 | percent |
| Stock price volatility | 18.88 | 2021 | percent |
| Life insurance volume | 0.03 | 2019 | percent |
| Non-life insurance premium volume | 0.38 | 2019 | percent |
| Insurance company assets | 0.85 | 2019 | percent |