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 |
The latest value from 2019 is 10.77 percent, an increase from 9.48 percent in 2017. In comparison, the world average is 1.74 percent, based on data from 131 countries. Historically, the average for South Africa from 1994 to 2019 is 11.23 percent. The minimum value, 9.02 percent, was reached in 1994 while the maximum of 15.38 percent was recorded in 2000.
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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 capitalization, percent of GDP | 287.96 | 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 | 57.76 | 2022 | 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 | 158.98 | 8/2024 | points |