Taiwan: Life insurance volume
* indicates monthly or quarterly data series
| Taiwan |
Life insurance premium volume, percent of GDP |
|---|---|
| Latest value | 13.65 |
| Year | 2020 |
| Measure | percent |
| Data availability | 1992 - 2020 |
| Average | 10.07 |
| Min - Max | 3.23 - 16.76 |
| Source | Swiss Re |
The latest value from 2020 is 13.65 percent, a decline from 15.92 percent in 2019. In comparison, the world average is 1.90 percent, based on data from 92 countries. Historically, the average for Taiwan from 1992 to 2020 is 10.07 percent. The minimum value, 3.23 percent, was reached in 1992 while the maximum of 16.76 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 |
|---|---|---|---|
| Stock market access for smaller firms | 62.91 | 2020 | percent |
| Stock market activity for smaller firms | 71.88 | 2020 | percent |
| Mutual fund assets | 23.30 | 2020 | percent |
| Life insurance volume | 13.65 | 2020 | percent |
| Non-life insurance premium volume | 0.84 | 2020 | percent |
| Insurance company assets | 162.72 | 2020 | percent |