South Korea: Non-life insurance premium volume, percent of GDP
For that indicator, Swiss Re provides data for South Korea from 1990 to 2017. The average value for South Korea during that period was 3.16 percent with a minimum of 1.78 percent in 1990 and a maximum of 5 percent in 2016.
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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.