South Africa: Life insurance volume

* indicates monthly or quarterly data series
 South Africa

Life insurance premium volume, percent of GDP

 Latest value 10.77
 Year 2019
 Measure percent
 Data availability 1994 - 2019
 Average 11.23
 Min - Max 9.02 - 15.38
 Source Swiss Re
For that indicator, we provide data for South Africa from 1994 to 2019. The average value for South Africa during that period was 11.23 percent with a minimum of 9.02 percent in 1994 and a maximum of 15.38 percent in 2000. The latest value from 2019 is 10.77 percent. For comparison, the world average in 2019 based on 131 countries is 1.74 percent. 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 values chart
South Africa - Life insurance volume - Recent values chart

Historical chart
South Africa - 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 value Reference Measure
 Stock market capitalization, percent of GDP 289.13 2022 percent
 Stock market capitalization, in dollars 1,171.75 2022 billion U.S. dollars
 Stock market turnover ratio 26.69 2022 percent
 Listed companies 237 2022 companies
 Stock market value traded 86.86 2020 percent
 Stock market return 24.02 2021 percent
 Stock market access for smaller firms 50.41 2018 percent
 Stock market activity for smaller firms 48.66 2018 percent
 Stock price volatility 23.37 2021 percent
 Mutual fund assets 61.54 2020 percent
 Life insurance volume 10.77 2019 percent
 Non-life insurance premium volume 2.91 2019 percent
 Pension fund assets to GDP 83.82 2018 percent
 Insurance company assets 60.14 2020 percent
 Nonbank financial institutions assets to GDP 84.04 2020 percent
 Stock market index 142.42 9/2023 points
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