Papua New Guinea: Non-life insurance premium volume
* indicates monthly or quarterly data series
| Papua New Guinea |
Non-life insurance premium volume, percent of GDP |
|---|---|
| Latest value | 0.54 |
| Year | 2017 |
| Measure | percent |
| Data availability | 1994 - 2017 |
| Average | 0.85 |
| Min - Max | 0.54 - 0.97 |
| Source | Swiss Re |
The latest value from 2017 is 0.54 percent, a decline from 0.58 percent in 2016. In comparison, the world average is 1.15 percent, based on data from 156 countries. Historically, the average for Papua New Guinea from 1994 to 2017 is 0.85 percent. The minimum value, 0.54 percent, was reached in 2017 while the maximum of 0.97 percent was recorded in 2002.
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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.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Stock market capitalization, percent of GDP | 7.39 | 2017 | percent |
| Stock market capitalization, in dollars | 1.68 | 2017 | billion U.S. dollars |
| Stock market turnover ratio | 0.05 | 2017 | percent |
| Listed companies | 6 | 2016 | companies |
| Stock market value traded | 0.00 | 2017 | percent |
| Life insurance volume | 0.07 | 2016 | percent |
| Non-life insurance premium volume | 0.54 | 2017 | percent |
| Pension fund assets to GDP | 18.99 | 2020 | percent |
| Insurance company assets | 1.32 | 2020 | percent |
| Nonbank financial institutions assets to GDP | 12.30 | 2020 | percent |