Nepal: Life insurance volume
* indicates monthly or quarterly data series
Nepal |
Life insurance premium volume, percent of GDP |
---|---|
Latest value | 1.68 |
Year | 2018 |
Measure | percent |
Data availability | 1991 - 2018 |
Average | 0.51 |
Min - Max | 0.09 - 1.68 |
Source | Swiss Re |
The latest value from 2018 is 1.68 percent, an increase from 1.34 percent in 2017. In comparison, the world average is 1.56 percent, based on data from 147 countries. Historically, the average for Nepal from 1991 to 2018 is 0.51 percent. The minimum value, 0.09 percent, was reached in 1991 while the maximum of 1.68 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 |
---|---|---|---|
Life insurance volume | 1.68 | 2018 | percent |
Non-life insurance premium volume | 0.73 | 2018 | percent |
Insurance company assets | 10.02 | 2019 | percent |